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Section 2 – The State Bank of India Act,1955

The State Bank of India Act,1955

Section 2. Definitions

In this Act, unless the context otherwise requires,-

(a) “Appointed day” means the date on which this Act comes into force;

(b) “Central Board” means the Central Board of Directors of the State Bank;

(c) “Goods” includes bullion, wares and merchandise;

(d) “Imperial Bank” means the Imperial Bank of India constituted under the Imperial bank of India Act,1920 (47 of 1920);

(e) “Prescribed” means prescribed by regulations made under this Act;

(f) “Reserve Bank” means the Reserve Bank of India constituted under the Reserve Bank of India Act,1934 (2 of 1934);

(g) “State Bank” means the State Bank of India constituted under this Act.

1[***]

——————–

1. Omitted by Act 27 of 2010 w.e.f. 24-8-2010.

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The State Bank of India Act,1955

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