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Section 39 – The State Bank of Hyderabad Act,1956

The State Bank of Hyderabad Act,1956

Section 39. Exercise of powers and functions on behalf of the Reserve Bank

Any powers, duties or functions conferred, imposed or entrusted by this Act on, or to, the Reserve Bank shall be exercised or performed by the Governor of the Reserve Bank or, in his absence, a Deputy Governor nominated under sub-section (3) of section 7 of the Reserve Bank of India Act,1934 (2 of 1934), or, subject to such conditions and limitations and in respect of such matters as the Governor of the Reserve Bank may specify, such officer or officers of the Reserve Bank as may be prescribed.

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The State Bank of Hyderabad Act,1956

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