State Bank of Hyderabad has planned to recruit a sizeable lot of 2,000 clerical and 600 supervisory staff this fiscal , reported a top official of the bank.

The bank is an associate bank of the largest lender of the country, State Bank of India.

"This is in addition to the 600 supervisory officers, who cleared tests last year and would be joining us in the next two months," managing director SBH, Renu Challu said.

She added that the bank aims to post around 300 new hires to rural areas as a means to develop the agricultural loan portfolio of the bank.

She also said that the bank would be opening as many as 230 branches this fiscal. She said that the bank had earlier applied for five licenses for Uttarakhand and two for Chattisgarh and aims to come up with these branches by the end of this year.

The bank yesterday opened its first currency management branch (CMB) in order to put a check on the racket created due to the circulation of fake currency notes.

Challu indicated that the CMB would initially connect to 28 branches in Hyderabad and then gradually spread itself to other branches pan India.

The bank also launched SBH Gen-X, a savings account targeting youths between 18 and 30 years of age.