CleanupBot II: Removed empty portal template using script

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Removed empty portal template using script

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	==See also==		==See also==
	~~{{Portal\|Banks}}~~
	*[[Indian banking]]		*[[Indian banking]]
	*[[List of banks in India]]		*[[List of banks in India]]

imported>Tom.Reding: +{{Authority control}} (5 IDs from Wikidata), WP:GenFixes on

2021-05-09T20:05:43Z

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{{Use dmy dates|date=October 2015}}
{{Use Indian English|date=October 2015}}
{{Infobox company
| name = State Bank of Hyderabad
| logo = [[File:SBHLOgo - Copy.png|250px|SBHLOgo - Copy]]
| type = [[Public company|Public Sector]]
| industry = [[Banking]]<br />[[Insurance]]<br />[[Capital Markets]] and allied industries
| fate = Merged in [[State Bank of India]] in 2017
| foundation = [[Nizam]] [[Mir Osman Ali Khan]], Hyderabad State Bank [[Hyderabad, India|Hyderabad]], 8 August 1941
| defunct = 31 March 2017
| location = Gunfoundry, Abids <br/> [[Hyderabad, India|Hyderabad]] India
| area_served = [[India|Pan-India]].
| key_people = [[Rajnish Kumar (banker)]] (chairman), Mani Palvesan (managing director)
| products = [[Personal banking|Personal Banking Schemes]], Corportate Banking, [[Small and medium enterprises|SME Banking Schemes]], FOREX, Mobile Banking, Internet Banking, Credit Cards, Insurance
| owner = [[Government of India]]
| parent = [[State Bank of India]] (100% owned)
| divisions =
| subsid =
| profit = Rs. 1317 crores
| num_employees = 17,000
}}

'''State Bank of Hyderabad''' (SBH) was regional bank in Hyderabad, with headquarters at Gunfoundry, Abids, [[Hyderabad, Telangana]]. Founded by the 7th Nizam of Hyderabad- [[Mir Osman Ali Khan]], it is now one of the five associate banks of [[State Bank of India]] (SBI) and was one of the nationalized banks in [[India]]. It was founded in 1941 as the Hyderabad State Bank. From 1956 until 31 March 2017, it had been an associate bank of the SBI, the largest such. The State Bank of Hyderabad was merged with SBI on 1 April 2017.

The bank's head office was situated at Gunfoundry Area, [[Hyderabad, India|Hyderabad]], [[India]]. SBH had over 2,000 branches and about 18,000 employees. The bank's business had crossed Rs. 2.4 trillion as on 31.12.2015 with a net profit of Rs. 8.12 billion.
[[File:SBHYD-FBCover.png|thumb|250x250px|SBH Head Office at Gunfoundry]]
The bank had performed well in the decades before merger, winning several awards for its banking practices.<ref>Avinandan Mukherjee and Prithwiraj Nath. 2005. "An empirical assessment of comparative approaches to service quality measurement", ''Journal of Services Marketing'' 19 (3), 174-184.</ref> Mrs. Arundhati Bhattacharya was the chairman and Shri Mani Palavesan the managing director at the time of merger.

It was the chief banker of [[Telangana State]].<ref>[http://www.thehindubusinessline.com/companies/ethnic-flavour-sbh-to-be-chief-banker-to-new-telangana-state/article5886859.ece Ethnic flavour: SBH to be chief banker to new Telangana state]</ref>

==History==
[[File:SBH 1955 Gunfoundry.jpg|thumb|250x250px|left|SBH Head Office at Gunfoundry in 1955]]
The bank was 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, during the reign of the last [[Nizam|Nizam of Hyderabad]], [[Osman Ali Khan, Asaf Jah VII|Mir Osman Ali Khan]]. The bank managed the [[Hyderabadi rupee|''Osmania Sicca'']], the currency of Hyderabad state, which covered the present-day [[Telangana]], some districts later known as [[Hyderabad-Karnataka Liberation Day|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. The [[Imperial Bank of India]], which had established a branch in Hyderabad in 1868 and another in [[Secunderabad]] in 1906, provided officers and clerical staff in the initial stages, and later provided training for new recruits. The first secretary of Hyderabad State Bank was [[Muhammad Saleh Akbar Hydari]], son of Sir [[Akbar Hydari]]. The gunfoundry building was designed by Mohammad Fayazuddin, an alumnus of [[Architectural Association School of Architecture]], [[London]].<ref>http://www.thehindu.com/society/history-and-culture/a-house-for-maharaja-kishen-pershad-in-hyderabad/article23413947.ece</ref>

After Partition, on 17 September 1948, the Indian Army conducted [[Operation Polo]], which resulted in the annexation of Hyderabad to India. By 1950, the bank had some 50 branches, including branches in parts of the then Hyderabad State that would later be transferred to other states.

In 1953, the bank absorbed, by merger, the '''Mercantile Bank of Hyderabad''', which Raja Pannalal Pitti had founded in 1935.<ref>Pagdi, Raghavendra Rao (1987) Short History of Banking in Hyderabad District, 1879-1950. In M. Radhakrishna Sarma, K.D. Abhyankar, and V.G. Bilolikar, eds. ''History of Hyderabad District, 1879-1950AD (Yugabda 4981-5052)''. (Hyderabad : Bharatiya Itihasa Sankalana Samiti), Vol. 2, pp.85-87.</ref> (Some accounts give the year of founding as 1946 and that of merger as 1952). In the same year, the Bank started conducting government and Treasury business as agent for the Reserve Bank of India.

In 1956, the Reserve Bank of India took over the bank as its first subsidiary and renamed it State Bank of Hyderabad. That same year saw the break-up of Hyderabad State. [[Aurangabad district, Maharashtra|Aurangabad]], [[Beed district|Beed]], [[Parbhani district|Parbhani]], [[Nanded district|Nanded]] and [[Osmanabad district|Osmanabad]] merged with [[Maharashtra]] state. [[Gulbarga district|Gulbarga]], [[Bidar district|Bidar]], [[Raichur district|Raichur]], and parts of Osmanabad were merged with [[Karnataka]] state. The remaining districts formed part of Andhra Pradesh state, until the formation in 2015–16 of the state of [[Telangana]]. After the trifurcation, the branches of Hyderabad State Bank continued to conduct government transactions in their new states as well.
[[File:SBI main building at Gunfoundry.jpg|thumb|200px|right|SBH Head Office at Gunfoundry post merger]]
The Subsidiary Banks Act was passed in 1959. On 1 October 1959, SBH and the other banks of the princely states became subsidiaries of SBI.

== Merger ==
The plans to make SBI one of the top 50 banks in the World affected SBH. This plan was introduced in 2016, and on 15 February 2017, the Government of India ratified it. SBH finally merged with SBI on 31 March 2017, along with its co-associates [[State Bank of Travancore]], [[State Bank of Mysore]], [[State Bank of Patiala]], [[State Bank of Bikaner and Jaipur]], and [[Bharatiya Mahila Bank]].<ref>[https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=39884 Reserve Bank of India - Press Release : 2016-2017/2504]</ref>

==See also==
{{Portal|Banks}}
*[[Indian banking]]
*[[List of banks in India]]
*[[Hyderabadi rupee]]

==References==
{{Reflist}}

==External links==
*[http://www.sbhyd.com/ Official site]

{{Banking in India}}
{{SBI}}
{{Authority control}}

[[Category:State Bank of India]]
[[Category:Economy of Hyderabad, India]]
[[Category:Economy of Telangana]]
[[Category:Indian companies established in 1942]]
[[Category:Banks established in 1942]]
[[Category:Defunct banks of India]]
[[Category:Establishments in Hyderabad State]]
[[Category:2017 disestablishments in India]]

State Bank of Hyderabad - Revision history

CleanupBot II: Removed empty portal template using script

imported>Tom.Reding: +{{Authority control}} (5 IDs from Wikidata), WP:GenFixes on