Amendment status not verified — confirm the current text below against the official source.
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.
Amended up to 2018-11-19View on India Code →