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Section 28 – The State Bank of Hyderabad Act,1956

The State Bank of Hyderabad Act,1956

Section 28. Disposal of profits

The Hyderabad Bank shall after making provision for bad and doubtful debts, depreciation in assets, contribution to staff and superannuation funds and for all other matters for which provision is necessary by or under this Act or which are usually provided for by banking companies, transfer the balance of its profits to the Reserve Bank.

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The State Bank of Hyderabad Act,1956

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