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Section 37 – The State Bank of India Act,1955

The State Bank of India Act,1955

Section 37. Reserve Fund

The State Bank shall establish a Reserve Fund which shall consist of-

(a) The amount held in the Reserve Fund of the Imperial Bank transferred to the State Bank on the appointed day; and

(b) Such further sums as may be transferred to it by the State Bank out of its annual net profits before declaring a dividend.

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The State Bank of India Act,1955

Indian Laws – Bare Acts


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