SBH bank will be the convenor bank of new state Telangana
By Joseph Samson
May 30, 2014
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State bank of Hyderabad has been declared as the new convenor bank of the new created state Telangana. Prior to the division of the Andhra Pradesh, Andhra Bank was serving as the convenor bank.

In other words SBH will be the convenor of the State-Level Bankers' Committee (SLBC) for the new Telangana State. SLBC will be responsible to ensure the implementation of Government schemes and monitoring them in accordance with the priority sector targets by banks.

Andhra bank will do the same for the Andhra Pradesh state. The Name of the SBH bank is suggested by RBI to the regional ministry. The State will be divided into two states on 2nd June, 2014.

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