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State Bank of Hyderabad


A subsidiary of State Bank of India, State Bank of Hyderabad was established as
Hyderabad State Bank on 8 August 1941. The Bank started its operations with the
distinction of being the central bank of the princely state of Hyderabad, covering the
present-day Telangana region of Andhra Pradesh, Hyderabad-Karnataka of Karnataka
and Marathwada of Maharashtra, when it was established. Apart from functioning as a
commercial bank, it managed Osmania Sikka (the currency of Hyderabad in those days)
and managed public debt as well. The first branch of the Bank was established at
Gunfoundry, Hyderabad on 5 April 1942.

Hyderabad State Bank conducted the take over of the assets and liabilities of the
Hyderabad Mercantile Bank Ltd. in 1953. It was in the same year, when the Bank started
its Government and Treasury business as an agent of the Reserve Bank of India. In 1956,
the RBI took over the Bank.
Since then, Hyderabad State
Bank came to be known as State
Bank of Hyderabad (SBH), which was the subsidiary of RBI during the period. On 1
October 1959, SBH became a subsidiary of the State Bank of India.

ATM Services
State Bank of Hyderabad offers easy access to money to its customers, through the ATM
cum debit cards issued by it. The ATM cum debit card issued by the Bank can be used at
more than 12500 ATMs of Andhra Bank, Bank of India, Corporation Bank, Dena Bank,
HDFC Bank, Indian Bank, IndusInd Bank, Punjab National Bank, UCO Bank, Union
Bank of India , UTI Bank, Canara Bank and Bank of Rajasthan, which are members of
bilateral sharing arrangement. Apart from withdrawing money from your Savings and
Current accounts, you can view the current balance and the mini statement of the last five
transactions on your SBH account, by using the ATM cum debit card.

Other services provided by State Bank of Hyderabad are listed below:

• Demat/ Depository Services


• NRI Services
• Electronic Fund Transfer System
• Internet Banking
• RTGS, NEFT & GRPT
• Safe Deposit Lockers
• International Banking
• SBI Life
Head Office
State Bank of Hyderabad
Hybank Towers
Gunfoundary, Hyderabad
Andhra Pradesh - 500001
India
Phone: +91 40 23387713
Website: www.sbhyd.com

Personal Advances / Educational Loan Scheme

Education is the quintessence of Life

Dream Big and Achieve your Goals

We will take care of the REST

Let not finance hinder your path to glory / success

To extend financial assistance to all eligible / deserving / meritorious


Purpose
students for pursuing higher education in India & Abroad.
* Student Should be an Indian National.
* Secured admission to professional/ technical courses through
Eligibility
Entrance Test / Selection process.
* Secured admission to foreign University / Institution.
Need based finance subject to repaying capacity of the parents /
students.-
Amount of finance
Studies in India - Maximum Rs.10.00 lacs
Studies abroad - Maximum Rs.20.00 lacs
Upto Rs.4.00 Lacs - NIL
Above Rs. 4.00 Lacs
Studies in India - 5% AND Studies Abroad - 15%
Margin money
- Scholarship /assistantship to be included in margin.
- Margin may be brought in on year to year basis as and when
disbursements are made on a pro-rata basis.
Security Norms Upto Rs. 4.00 Lacs - No Security (Co-obligation of parent / guardian
is compulsory).
Above Rs.4.00 Lacs and upto Rs.7.50 Lacs: Collateral in the form of
a suitable third party guarantee.
Above Rs.7.50 Lacs: - Collateral security of suitable value or Co-
obligation of parents / Guardians / third party guarantee along with
the assignment of future income of the student for payment of
installments.
@2% on all irregular Education loans above Rs.4.00 Lacs for the
Penal rate of Interest
over due amount and over due period.
Course period + one year or six months after getting job, whichever
Repayment Period is earlier.
5 to 7 years after commencement of repayment.
No processing charges for studies abroad upto Rs.4.00 Lacs and in
case of studies in India irrespective of loan amount.
In case of loans above Rs.4.00 Lacs for studies abroad.
1. Rs. 5000/- to be collected at the time of delivering sanction
letter to the student / guardian.
2. Rs.1000/- to be appropriated towards processing fees.
Processing Charges 3. Rs.4000/- to be adjusted towards student's margin at the
time of release of the loan.
4. In case the loan is not availed for any reason by the
student, the amount of Rs.4000/-
to be refunded to the student without interest.
No processing charges to be levied on the loans to the wards of
Bank's staff members including Retired Staff.

ate Bank of Hyderabad Student Loans


State Bank of Hyderabad Student Loans are sanctioned to meritorious students,
who aspire to pursue their higher education in India or abroad. Apart from its education
loan scheme, this bank offers diverse types of loans for personal advances. As the history
goes, State Bank of Hyderabad was formed in the name of Hyderabad State Bank in 1941
under Hyderabad State Bank Act, 1941. Its first branch began operations at Gunfoundry
in Hyderabad in 1942. This bank was given the existing name when it was taken over by
RBI in 1956. Later in 1959, it started functioning as a subsidiary of State Bank of India.

Courses:

State Bank of Hyderabad Student Loans are offered for several kinds of academic
programs in India and abroad.
• Education loan can be sanctioned for pursuing school education in India.
• A student can also apply for this loan if he plans to study graduate, postgraduate
and doctoral programs in India.
• Professional Courses like Engineering and Medical programs, specialized courses
like ICWA, CFA or CA, programs by nationally reputed institutes like IIM and
IISc or computer certificate programs of recognized institutes in India can be
considered for this loan.
• Even courses by recognized foreign universities, diploma programs sanctioned by
the likes of UGC, AICTE and the government in India, can be taken into
consideration for sanctioning this loan.
• If you plan to study employment-oriented graduate courses, postgraduate
programs like MS or MBA, or courses by CPA in the US or CIMA-London in
abroad, you can apply too.

Eligibility:

Only an Indian national can apply for an education loan from State Bank of Hyderabad.
The student also should have been admitted to a vocational or professional course on the
basis of a selection procedure or entrance test. You will also be considered eligible if you
get admission to a foreign institute.

Amount of Loan, Margin & Security:

The amount of loan is decided on the basis of a person's requirement as well as the
repaying capability of the student borrower or his parents.

A maximum amount of Rs 10 lacs is sanctioned for studying in India. The amount for
studying in abroad is Rs 20 lacs. The bank also has guidelines in regard to the margin and
security of its Educational Loan Scheme.

• No amount of margin and security is there for loan amount upto Rs 4 lacs.
• However, for a loan amount above Rs 4 lacs, there is a margin of 5% and 15% if
you pursue studies in India and abroad respectively.
• A borrower needs to present guarantee of a 3rd party for a loan amount above Rs
4 lacs.
• When the loan amount exceeds Rs 7.5 lacs, a collateral security of considerable
value should be submitted. Or there should a co-obligation of guardian, parents or
a 3rd party. Even the future income of the student needs to be assigned for paying
the installments.

Repayment:
The student loan obtained from State Bank of Hyderabad can be repaid in a time period
of 5 to 7 years after repayment is begun.

To know more about the rate of interest, processing fee or other terms and conditions of
State Bank of Hyderabad Student Loans, you can click on http://www.sbhyd.com/

Customer Service
In terms of Reserve Bank of India directions, an ad-hoc committee on procedures and
performance audit on customer service in banks has been constituted in our bank, with
AGM (DB) as the nodal officer and Senior Manager level officials as members. The
committee would look into simplification of procedures and practices with a view to
safeguarding the interests of common persons and to improve the customer service in the
areas of foreign exchange transactions, government and public debt transactions,
banking operations and currency management. The committee would also recommend
for modification/rationalization of existing RBI guidelines that could help in further
enhancing the customer service.

Financial services
From Wikipedia, the free encyclopedia
Jump to: navigation, search
The examples and perspective in this article may not represent a worldwide
view of the subject. Please improve this article and discuss the issue on the talk
page.

Financial services refer to services provided by the finance industry. The finance
industry encompasses a broad range of organizations that deal with the management of
money. Among these organizations are banks, credit card companies, insurance
companies, consumer finance companies, stock brokerages, investment funds and some
government sponsored enterprises. As of 2004, the financial services industry represented
20% of the market capitalization of the S&P 500 in the United States.[1]

Contents
[hide]

• 1 History of financial services


o 1.1 In the United States
• 2 Banks
o 2.1 Banking services
o 2.2 Other types of bank services
• 3 Foreign exchange services
• 4 Investment services
• 5 Insurance
• 6 Other financial services
• 7 Financial crime
o 7.1 UK
• 8 Market share
• 9 See also

• 10 References

[edit] History of financial services


[edit] In the United States

The term "financial services" became more prevalent in the United States partly as a
result of the Gramm-Leach-Bliley Act of the late 1990s, which enabled different types of
companies operating in the U.S. financial services industry at that time to merge.[citation
needed]
Companies usually have two distinct approaches to this new type of business. One
approach would be a bank which simply buys an insurance company or an investment
bank, keeps the original brands of the acquired firm, and adds the acquisition to its
holding company simply to diversify its earnings. Outside the U.S. (e.g., in Japan), non-
financial services companies are permitted within the holding company. In this scenario,
each company still looks independent, and has its own customers, etc. In the other style, a
bank would simply create its own brokerage division or insurance division and attempt to
sell those products to its own existing customers, with incentives for combining all things
with one company.

[edit] Banks
Main article: Bank

A "commercial bank" is what is commonly referred to as simply a "bank". The term


"commercial" is used to distinguish it from an "investment bank," a type of financial
services entity which, instead of lending money directly to a business, helps businesses
raise money from other firms in the form of bonds (debt) or stock (equity).

[edit] Banking services

The primary operations of banks include:

• Keeping money safe while also allowing withdrawals when needed


• Issuance of checkbooks so that bills can be paid and other kinds of payments can
be delivered by post
• Provide personal loans, commercial loans, and mortgage loans (typically loans to
purchase a home, property or business)
• Issuance of credit cards and processing of credit card transactions and billing
• Issuance of debit cards for use as a substitute for checks
• Allow financial transactions at branches or by using Automatic Teller Machines
(ATMs)
• Provide wire transfers of funds and Electronic fund transfers between banks
• Facilitation of standing orders and direct debits, so payments for bills can be made
automatically
• Provide overdraft agreements for the temporary advancement of the Bank's own
money to meet monthly spending commitments of a customer in their current
account.
• Provide Charge card advances of the Bank's own money for customers wishing to
settle credit advances monthly.
• Provide a check guaranteed by the Bank itself and prepaid by the customer, such
as a cashier's check or certified check.
• Notary service for financial and other documents

[edit] Other types of bank services

• Private banking - Private banks provide banking services exclusively to high net
worth individuals. Many financial services firms require a person or family to
have a certain minimum net worth to qualify for private banking services.[2]
Private banks often provide more personal services, such as wealth management
and tax planning, than normal retail banks.[3]
• Capital market bank - bank that underwrite debt and equity, assist company deals
(advisory services, underwriting and advisory fees), and restructure debt into
structured finance products.
• Bank cards - include both credit cards and debit cards. Bank Of America is the
largest issuer of bank cards.[citation needed]
• Credit card machine services and networks - Companies which provide credit
card machine and payment networks call themselves "merchant card providers".
[edit] Foreign exchange services

Foreign exchange services are provided by many banks around the world. Foreign
exchange services include:

• Currency Exchange - where clients can purchase and sell foreign currency
banknotes.
• Wire transfer - where clients can send funds to international banks abroad.
• Foreign Currency Banking - banking transactions are done in foreign currency.

[edit] Investment services

• Asset management - the term usually given to describe companies which run
collective investment funds. Also refers to services provided by others, generally
registered with the Securities and Exchange Commission as Registered
Investment Advisors.
• Hedge fund management - Hedge funds often employ the services of "prime
brokerage" divisions at major investment banks to execute their trades.
• Custody services - the safe-keeping and processing of the world's securities trades
and servicing the associated portfolios. Assets under custody in the world are
approximately $100 trillion.[4]

[edit] Insurance

• Insurance brokerage - Insurance brokers shop for insurance (generally corporate


property and casualty insurance) on behalf of customers. Recently a number of
websites have been created to give consumers basic price comparisons for
services such as insurance, causing controversy within the industry.[5]
• Insurance underwriting - Personal lines insurance underwriters actually
underwrite insurance for individuals, a service still offered primarily through
agents, insurance brokers, and stock brokers. Underwriters may also offer similar
commercial lines of coverage for businesses. Activities include insurance and
annuities, life insurance, retirement insurance, health insurance, and property &
casualty insurance.
• Reinsurance - Reinsurance is insurance sold to insurers themselves, to protect
them from catastrophic losses.

[edit] Other financial services

• Intermediation or advisory services - These services involve stock brokers


(private client services) and discount brokers. Stock brokers assist investors in
buying or selling shares. Primarily internet-based companies are often referred to
as discount brokerages, although many now have branch offices to assist clients.
These brokerages primarily target individual investors. Full service and private
client firms primarily assist and execute trades for clients with large amounts of
capital to invest, such as large companies, wealthy individuals, and investment
management funds.
• Private equity - Private equity funds are typically closed-end funds, which usually
take controlling equity stakes in businesses that are either private, or taken private
once acquired. Private equity funds often use leveraged buyouts (LBOs) to
acquire the firms in which they invest. The most successful private equity funds
can generate returns significantly higher than provided by the equity markets
• Venture capital is a type of private equity capital typically provided by
professional, outside investors to new, high-potential-growth companies in the
interest of taking the company to an IPO or trade sale of the business.
• Angel investment - An angel investor or angel (known as a business angel or
informal investor in Europe), is an affluent individual who provides capital for a
business start-up, usually in exchange for convertible debt or ownership equity. A
small but increasing number of angel investors organize themselves into angel
groups or angel networks to share research and pool their investment capital.
• Conglomerates - A financial services conglomerate is a financial services firm
that is active in more than one sector of the financial services market e.g. life
insurance, general insurance, health insurance, asset management, retail banking,
wholesale banking, investment banking, etc. A key rationale for the existence of
such businesses is the existence of diversification benefits that are present when
different types of businesses are aggregated i.e. bad things don't always happen at
the same time. As a consequence, economic capital for a conglomerate is usually
substantially less than economic capital is for the sum of its parts.
• Debt resolution is a consumer service that assists individuals that have too much
debt to pay off as requested, but do not want to file bankruptcy and wish to payoff
their debts owed. This debt can be accrued in various ways including but not
limited to personal loans, credit cards or in some cases merchant accounts. There
are many services/companies that can assist with this. These can include debt
consolidation, debt settlement and refinancing.

[edit] Financial crime


[edit] UK

Fraud within the financial industry costs the UK an estimated £14bn a year and it is
believed a further £25bn is laundered by British institutions.[6]

[edit] Market share

The financial services industry constitutes the largest group of companies in the world in
terms of earnings and equity market cap. However it is not the largest category in terms
of revenue or number of employees. It is also a slow growing and extremely fragmented
industry, with the largest company (Citigroup), only having a 3 % US market share.[7] In
contrast, the largest home improvement store in the US, Home Depot, has a 30 % market
share, and the largest coffee house Starbucks has a 32 % market share.
[edit] See also
Book:Finance
Books are collections of articles that can be downloaded or ordered in print.

• Accounting scandals
• BFSI
• European Financial Services Roundtable
• Financial analyst
• Financial data vendors
• Financial markets
• Financialization
• Financial transaction tax
• Government sponsored enterprise
• Institutional customers
• International Monetary Fund
• Investment management
• List of banks
• List of investment banks
• Misleading financial analysis
• Thomson Financial League Tables

[edit] References

1. ^ "The Mistakes Of Our Grandparents?". Contrary Investor.com. February 2004.


http://www.contraryinvestor.com/2004archives/mofeb04.htm. Retrieved 2009-02-06.
2. ^ "Private Banking definition". Investor Words.com.
http://www.investorwords.com/5946/private_banking.html. Retrieved 2009-02-06.
3. ^ "How Swiss Bank Accounts Work". How Stuff Works.
http://money.howstuffworks.com/personal-finance/banking/swiss-bank-account.htm.
Retrieved 2009-02-06.
4. ^ http://www.globalcustody.net/no_cookie/custody_assets_worldwide/
GlobalCustody.net Asset Table
5. ^ "Price comparison sites face probe". BBC News. 2008-01-22.
http://news.bbc.co.uk/1/hi/business/7201345.stm. Retrieved 2009-02-06.
6. ^ "Watchdog warns of criminal gangs inside banks". The Guardian (London). 2005-11-
16. http://money.guardian.co.uk/news_/story/0,1456,1643860,00.html. Retrieved 2007-
11-30.
7. ^ The Opportunity: Small Global Market Share, Page 11, from the Sanford C. Bernstein
& Co. Strategic Decisions Conference - 6/02/04

• Porteous, Bruce T.; Pradip Tapadar (December 2005). Economic Capital and Financial
Risk Management for Financial Services Firms and Conglomerates. Palgrave Macmillan.
ISBN 1-4039-3608-0.
• Schoppmann, Henning (Edit.); Julien Ernoult, Walburga Hemetsberger, Christoph
Wengler (September 2008). European Banking and Financial Services Law - Third
Edition. Larcier. ISBN 2-8044-3180-0