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Section 13 – State Bank of India (Amendment) Act,2010

State Bank of India (Amendment) Act,2010

Section 13. Amendment of Section 21

In Section 21 of the principal Act,

(a) in sub-section (1)

(i) for clause (a), the following clause shall be substituted, namely

“(a) the chairman, ex officio or the managing director nominated by the chairman;”

(ii)in clause (c), the words “in consultation with the Reserve Bank” shall be omitted;

(b) in sub-section (5), for the words “Governor of the Reserve Bank”, the words “Central Government” shall be substituted.

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State Bank of India (Amendment) Act,2010

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