State Bank of Hyderabad

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State Bank of Hyderabad is an associate bank of State Bank of India and one of the scheduled banks in India. It was originally a bank started by the Nizam of Hyderabad. After India's Independence these and other banks of the princely states were renamed after the Subsidiary Banks Act was passed in 1959 and turning them into subsidiaries of SBI. SBH was the first subsidiary of State Bank of India. It's Headquarters is in Hyderabad, India.

[edit] History

It was started as a Central bank of the erstwhile Nizam state called as the Hyderabad State Bank in 1941, during the reign of the last Nizam, Mir Osman Ali Khan. They also managed the Osmania sikka, the currency of the Hyderabad state, which had the distinction of having its own currency during the British rule.