Chapter I — Preliminary

Section 2 — Definitions

State Bank of India Act, 1955 · Free to read

In this Act, unless the context otherwise requires,--

(a) "appointed day" means the date on which this Act comes into force;

(b) "Central Board" means the Central Board of Directors of the State Bank;

[(bb) "chairman" means the chairman of the Central Board;]

(c) "goods" includes bullion, wares and merchandise;

(d) "Imperial Bank" means the Imperial Bank of India constituted under the Imperial Bank of India Act, 1920 (47 of 1920);

[(dd) Local Board means a Local Board constituted under section 21;]

(e) "prescribed" means prescribed by regulations made under this Act;

(f) "Reserve Bank" means the Reserve Bank of India constituted under the Reserve Bank of India Act, 1934 (2 of 1934);

(g) "State Bank" means the State Bank of India constituted under this Act;

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[(j) "workman" has the meaning assigned to it in the Industrial Disputes Act, 1947 (14 of 1947).]