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Section 14 – State Bank of India (Amendment) Act,2010

State Bank of India (Amendment) Act,2010

Section 14. Substitution of new section for Section 21-B

For Section 21-B of the principal Act, the following section shall be substituted, namely

“21-B. Powers of Local Board. In respect of the area falling within the jurisdiction of the local head office for which the Local Board has been constituted, a Local Board shall, subject to such general or special direction as the Central Board may give from time to time, exercise such powers and perform such duties and functions as may be entrusted or delegated to it by the Central Board.”

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State Bank of India (Amendment) Act,2010

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