Statee Bank of Hyderabad (SBH) is an associate bank of State Bank of India (SBI), and is one of the scheduled banks in India. The Bank's Head Office is situated at Gunfoundry Area, in Hyderabad, India. SBH has over 1350 branches and about 14000 employees. Assets are in excess of Rupees 767 billion. It is now the largest Associate Bank of State Bank of India.The bank has performed well in the past decades, winning several awards for its banking practices. Shri Pratip Choudhary is the current Chairman and Sri. M Bhagavantha Rao is the current Managing Director.
The bank originated as the central bank of the erstwhile nizam state under the name, Hyderabad State Bank. It was established on 8 August 1941 under the Hyderabad State Bank Act, 1941, during the reign of the last Nizam of Hyderabad, Mir Osman Ali Khan. The bank managed the Osmania Sicca, the currency of Hyderabad state, which covered the present-day Telangana region ofAndhra Pradesh, Hyderabad-Karnataka of Karnataka and Marathwada of Maharashtra. (At the time a number of the princely states had their own currencies.) The bank also carried out commercial banking. The Bank opened its first branch at Gunfoundry, Hyderabad on 5 April 1942.
