State Bank of India Act, 1955

Bare Act · 1955

An Act to constitute a State Bank for India, to transfer to it the undertaking of the Imperial Bank of India and to provide for other matters connected therewith or incidental thereto. WHEAEAS for the extension of banking facilities on a large scale, more particularly in the rural and semi-urban areas, and for diverse other public purposes it is expedient to constitute a State Bank for India, and to transfer to it the undertaking of the Imperial Bank of India and to provide for other matters connected therewith or incidental thereto.

Act number
23 of 1955
Enacted
8 May 1955
Contents
69 sections · 8 chapters

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Contents

Chapter I — Preliminary

Chapter II — Incorporation And Share Capital Of State Bank

Chapter III — Transfer Of Undertaking Of The Imperial Bank To State Bank

Chapter IV — Shares

Chapter V — Management

Chapter VI — Business Of The State Bank

Chapter VII — Funds, Accounts And Audit

Chapter VIII — Miscellaneous