The State Bank of Hyderabad Act,1956
Section 23. Executive Committee of Board of Directors
(1) There shall be an executive committee of the Board of Directors consisting of the managing director and such other directors as may be prescribed.
(2) Subject to any regulations made under this Act, the executive committee may deal with any matter within the competence of the Board of Directors.
(3) The minutes of every meeting of the executive committee shall be laid before the Board of Directors as soon as possible after the meeting.