The State Bank of India’s Hyderabad circle ushered in its 51st year of existence by honouring those who were employees at the time of its inauguration in 1965.

The bank’s golden jubilee celebrations held on Sunday saw the participation of 108 employees who worked in the circle during its formative years, and later rose to occupy senior positions in the organisation.

SBI Hyderabad’s chief general manager C.R. Sasi Kumar said the circle had grown manifold since its inception 50 years ago. “We started off with 67 branches and 1,302 employees. Today, the Hyderabad Circle has 1,406 branches and ore than 14,000 employees,” he said, remarking on the growth of the circle in the last five decades. While it had deposits of Rs.17 crore and advances of Rs.8.62 crore then, it now boasted of Rs.77,000 crore in deposits and Rs.62,000 in advances, Mr. Sasi Kumar said.

source: http://www.thehindu.com / The Hindu / Home> News> Cities> Hyderabad / Staff Reporter / Hyderabad – February 03rd, 2015