SBI State Bank Of Hyderabad

Hii sir, I Head that the State Bank of Hyderabad is merged into the State bank of India is It True Provide me the Information About the Merger of the State Bank of Hyderabad into SBI ?

[pawan]

State Bank of Hyderabad was a nationalized bank in India, with headquarters at Gunfoundry, Abids, Hyderabad, Telangana. It was one of the five associate banks of State Bank of India and was one of the scheduled banks in India.


Yes the State bank of Hyderabad is Mergerd into the State bank of india on 1st Aptil 2017

About the Merger :

The SBH would be merged with the State Bank of India and the SBI would not only become the lead district bank but also the Treasury bank for all the government departments.

It would also maintain the currency chest and meet the currency shortage requirements of other banks.

Only the name would change to SBI and nothing else. All the duties performed by the SBH would now be done by the SBI, which would also prepare the Annual Credit Plan of the district, explained a bank official.


After the merger, SBI is set to be among the top 50 large banks of the world. SBI was ranked 52 in the world in terms of assets in 2015, according to Bloomberg, and a merger will see it break into the top 50.