State Bank of Hyderabad was constituted as Hyderabad State Bank on 8.8.1941 under Hyderabad State Bank Act, 1941. The Bank started with the unique distinction of being the central bank of the erstwhile State of Hyderabad, covering present-day Telangana region of Andhra Pradesh, Hyderabad-Karnataka of Karnataka and Marathwada of Maharashtra, to manage its currency – Osmania Sikka and public debt apart from the functions of commercial banking. The first branch of the Bank was opened at Gunfoundry, Hyderabad on 5th April, 1942. In 1953, the Bank took over the assets and liabilities of the Hyderabad Mercantile Bank Ltd. In the same year, the Bank started conducting Government and Treasury business as agent of Reserve Bank of India. In 1956, the Bank was taken over by Reserve Bank of India as its first subsidiary and its name was changed from Hyderabad State Bank to State Bank of Hyderabad.
The Bank became a subsidiary of the State Bank of India on the 1st October 1959 and is now the largest Associate Bank of State Bank of India. All the branches of the Bank are totally networked under Core Banking Solutions, offering a vide range of products to it’s customers. All the customers of the Bank have access to the latest technologies like Internet Banking, ATMs etc. The Bank has pan India presence and operates through more than 1000 Bank branches. The mission of the bank is “To achieve pre-eminence in banking and financial sectors with commitment to excellence in customer satisfaction, profit maximisation and continued emphasis on developmental banking through a skilled and committed work force by providing training facilities and technological upgradation”.
Selection is be made on the basis of performance in the written test and interview taken together. Written test includes Objective Tests consisting of (1) Test of Reasoning Ability,
(2) Test of Numerical Ability,
(3) Test of English Language,
(4) Test of Computer knowledge and Descriptive Paper on English Comprehension for Qualifying only.
Followed by an interview.