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Section 17 – The State Bank of Hyderabad Act,1956

The State Bank of Hyderabad Act,1956

Section 17. Managing director

The managing director-

(a) Shall be a whole-time officer of the Hyderabad Bank;

(b) Subject to the general control of the Board of Directors, shall exercise such powers and perform such duties as may be prescribed; and

(c) Shall receive such salary and allowances as may be determined by the Reserve Bank.

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The State Bank of Hyderabad Act,1956

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