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Section 34 – The State Bank of Hyderabad Act,1956

The State Bank of Hyderabad Act,1956

Section 34. Cost of development program

The Hyderabad Bank may accept any subsidies offered by the Reserve Bank to meet-

(a) The cost of any specific programme of development undertaken by the Hyderabad Bank with the approval of the Reserve Bank; and

(b) Such losses or expenditure as may be approved by the Reserve Bank, with the consent of the Central Government.

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The State Bank of Hyderabad Act,1956

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