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State Bank of Hyderabad
State Bank of Hyderabad is an Indian bank. The bank is one of the associate banks under the State Bank of India umbrella. Current business turnover is Rs. 88600 crores in the Financial Year ending March 31, 2008. Shri O.P Bhatt is the present Chairman of the bank.
History
State Bank of Hyderabad of India was established on August 8, 1941. It was then known as Hyderabad State Bank. The bank was the central bank of the erstwhile princely State of Hyderabad during pre-independence days. Hyderabad State Bank was responsible for managing Osmania Sikka-the currency of Hyderabad state in those days. The first branch of Hyderabad State Bank opened at Gunfoundry, Hyderabad on April 5, 1942.
Renaming
Hyderabad State Bank came under operational control of Reserve Bank of India (RBI) in 1953. The bank became RBI's subsidiary. Hyderabad State Bank was also renamed State Bank of Hyderabad in the same year. It became an associate of State Bank of India on October 1, 1959.
International Services
State Bank of Hyderabad is a fully computerized financial entity and conducts international banking. The bank offers Non Resident Indians (NRIs) the following bouquet of services:
- Internet Banking
- Personal Loan Scheme to NRIs
- Forex
- Non Resident Ordinary Account
- Mortgage Loans to NRIs
- Housing Loans to NRIs
- NRE
FCNR
Resident Foreign Currency Account (RFC) services are also available for persons who return to India for permanent residence. Gifts in foreign currency is also possible. Foreign Currency Non Resident (FCNR) deposits has competitive interest rates. The minimum deposit is USD 1000.
If you wish to know more about State Bank of Hyderabad, please click on the following links:
State Bank of Hyderabad Loans
State Bank of Hyderabad Jobs
State Bank of Hyderabad Online Banking
SBI Bank Branches | State Bank of India | National Housing Bank
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