The State Bank of India Act, 1955 — back to Table of Contents
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;
(bb) “chairman” means the chairman of the Central Board;
(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);
(dd) “Local Board” means a Local Board constituted under section 21;
(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;
(j) “workman” has the meaning assigned to it in the Industrial Disputes Act, 1947 (14 of 1947).
Note: Clauses (h) and (i), which originally defined “subsidiary bank” and related terms, were omitted by the State Bank of India (Repeal and Amendment) Act, 2018 and the State Bank of India (Amendment) Act, 2010 respectively, following the merger of the subsidiary banks into the State Bank of India.
