The State Bank of India Act,1955
Section 21 B. Powers of Local Board
1[Powers of Local Board. In respect of the area falling within the jurisdiction of the local head office for which the Local Board has been constituted, a Local Board shall, subject to such general or special direction as the Central Board may give from time to time, exercise such powers and perform such duties and functions as may be entrusted or delegated to it by the Central Board.]
1. Ins. by New Sec. Act 27 of 2010 w.e.f. 24-8-2010.