SBH defers public offer

The State Bank of Hyderabad, which planned a public offer during the second quarter of the current fiscal, has put on hold its proposed IPO and has decided to take a final call in December. “We will review the proposal in December. Currently, it is put on hold,” Amitabha Guha , the managing director , State Bank of Hyderabad said. This follows the instruction from the State Bank of India to all its associate bank not to indulge in such exercise pending their merger with SBI. “With every passing day the possibility of merger is getting brighter”, Guha added.