SBI Act definition
Examples of SBI Act in a sentence
Representative of Owner -3.Consultant- shall mean State Bank of India (client) a body Corporate created under SBI Act 1955, having its Corporate Centre at State Bank Bhavan, Madame Cama Road, Mumbai 400 021.
The appointment of the Chairman and the four Managing Directors is as per the provisions of the SBI Act, 1955.
The Energy Independence and Security Act of 2007, Public Law 110– 140, Title XII, section 1205(a), amended section 303 of the Small Business Investment Act of 1958 (SBI Act) by authorizing SBICs licensed after September 30, 2008, to issue Energy Saving Debentures.
Shri Sanjeev Maheshwari was nominated as Director on the Board u/s 19 (d) of SBI Act 1955 w.e.f. 20th December 2019.
During the year, Shri Debasish Panda was nominated as Director on the Board u/s 19 (e) of SBI Act 1955 w.e.f. 24th January 2020 vice Shri Ravi Mital, who was nominated as Director w.e.f. 08th August 2019 vice Shri Rajiv Kumar.
These three banks were amalgamated in 1920 and the Imperial Bank of India was established on the 27th Jan 1921, with the passing of the SBI Act in 1955, the undertaking of the Imperial Bank of India was taken over by the newly constituted SBI.
In addition, the Small Business Act, SBI Act, and SBA regulations formally and specifically provide for the use of agreements in SBA’s loan programs (see 15 U.S.C. 636, 650(d), and 696 and 13 CFR 120.400, 120.440, 120.434,120.474, 120.613).
Local BoardsIn terms of the provisions of SBI Act and General Regulations 1955, at every centre where the Bank has a Local Head Office (LHO), Local Boards/Committees of Local Boards are functional.
According to the SBI Act, the accounts of SBI must be audited by external statutory auditors appointed by SBI withthe previous approval of the RBI.
On the occasion the Chief Manager of branch informed the gathering that it was on this day in 1955, when SBI came into existence with an enact- ment of SBI Act, 1955.