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Section 37: Reserve Fund.

The State Bank of India Act, 1955Central Act · Act 23 of 1955

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.

Where this provision sits

ActThe State Bank of India Act, 1955
Section37
Marginal noteReserve Fund.
JurisdictionCentral
StatusIn force as published by the source

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