State Bank of Hyderabad was founded as a public sector bank in Hyderabad on 8 August 1941. The area served is basically Pan-India and has its head-quarters in Gunfoundry, Abids Hyderabad India. This bank is owned by the Government of India and provides banking services and corporate products to the customers. It is the main banker to Telangana State having over 2000 branches employing more than 18,000 employees.
It is an alphanumeric code assigned to each branch of the bank for easier identification purposes. If taken as an example, the IFSC code for Anandnagar, Ahmedabad is SBHY 0021406 whereas for New C.G. Road, Ahmedabad the IFSC Code is SBHY0021260.