October 01, 2016 12:10 PM ET

Banks

Company Overview of State Bank of Hyderabad Ltd.

Company Overview

State Bank of Hyderabad Ltd. provides commercial banking services. The company offers term deposits, savings bank accounts, and current accounts; personal, micro small and medium enterprise, commercial and institutional, and agricultural advances; and NRI services, such as remittance services, NRI loan products, resident foreign currency accounts, and foreign currency non-resident deposit accounts. It also provides international banking services, including Demat/depository, ATM, mobile banking, electronic fund transfer system, and Internet banking services, as well as safe deposit lockers. State Bank of Hyderabad was formerly known as Hyderabad State Bank and changed its name to State Bank o...

Gunfoundry

Hyderabad,  500001

India

Founded in 1941

Phone:

91 40 2338 7251

Fax:

91 40 2338 7562

Key Executives for State Bank of Hyderabad Ltd.

Managing Director and Director
Chief Financial Officer and General Manager of Treasury
General Manager Operations
Chief Manager of Accounts & Services Department and Deputy General Manager of Accounts & Services Department
Chief Manager of Personnel Department and Deputy General Manager Personnel Department
Compensation as of Fiscal Year 2016.

State Bank of Hyderabad Ltd. Key Developments

State Bank of Hyderabad Appoints Sudhir Thakore as General Manager of Inspection and Audit, Credit Policy and Procedure and Official Language Department at its Head Office

State Bank of Hyderabad has appointed Sudhir Thakore as general manager of inspection and audit, credit policy and procedure and official language department at its head office. Prior to this appointment, Thakore worked for State Bank of Travancore as its deputy general manager. He has also worked with State Bank of Bikaner and Jaipur.

SBH Announces Earnings Results for the First Quarter of 2017

SBH announced earnings results for the first quarter of 2017. For the period, the company reported operating profit of INR 9,100 million compared to INR 7,130 million a year ago. Net profit was INR 28 million compared to INR 2,510 million a year ago. ROA was 0.08% compared to 0.62% a year ago.

SBI Associates Merge By March End

The merger between State Bank of India (NSEI:SBIN) and its five associates- State Bank of Bikaner & Jaipur(BSE:501061), State Bank of Mysore (BSE:532200), State Bank of Travancore (BSE:532191), State Bank of Hyderabad Ltd. and State Bank of Patiala are going to be completed by March 2017. Arundhati Bhattacharya, Chairman of SBI, said “timeline is around by the end of the financial year (for merger to get over)." The proposed merger will likely create one of the largest lenders in Asia, with an asset base of Rs 37 lakh crore.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 22, 2016
State Bank of Hyderabad Ltd., Bad Loans of Abhijeet MADC Nagpur Energy Private Limited
 

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