This Act may be called the State Bank of India (Subsidiary Banks) Act, 1959.
Section 2 - Definitions
In this Act, unless the context otherwise requires,--
(a) "appointed day" means,--
(i) in relation to an existing hank, the date on which the corresponding new bank is constituted under section 3;
(ii) in relation to a new bank, the date on which that new bank is constituted under section 3;
(iii) in relation to the Hyderabad Bank, the dale on which the amendments to the State Bank of Hyderabad Act, 1956, take effect under Part VII of the Third Schedule;
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(b) "corresponding bank" means,--
(i) in relation to the State Bank of Bikaner, the Bank of Bikaner, Limited;
(ii) in relation to the State Bank of Indore, the Bank of Indore, Limited;
(iii) [Omitted by the State-Associated Banks (Miscellaneous Provisions) Act, 1962 (56 of 1962), Section 3 (1-1-1963):]
(iv) in relation to the State Bank of Mysore, the Bank of Mysore, Limited;
(v) in relation to the State Bank of Patiala, the Bank of Patiala;
(vi) in relation to the State Bank of Travancore, the Travancore Bank, Limited;
(c) "corresponding new bank" means,--
(i) in relation to the Bank of Bikaner, Limited, the State Bank of Bikaner;
(ii) in relation to the Bank of Indore, Limited, the State Bank of Indore;
(iii) [Omitted by the State-Associated Banks (Miscellaneous Provisions) Act, 1962 (56 of 1962), Section 3 (1-1-1963);]
(iv) in relation to the Bank of Mysore, Limited, the State Bank of Mysore;
(v) in relation to the Bank of Patiala, the State Bank of Patiala;
(vi) in relation to the Travancore Bank, Limited, the State Bank of Travancore;
(d) "existing bank" means any of the following banks, namely:--
(i) Bank of Bikaner, Limited;
(ii) Bank of Indore, Limited;
(iii) [Omitted by the State-Associated Banks (Miscellaneous Provisions) Act, 1962 (56 of 1962), Section 3(1-1-1963);]
(iv) Bank of Mysore, Limited;
(v) Bank of Patiala;
(vi) Tritvancore Bank, Limited;
(e) "Hyderabad Bank" means the Hyderabad State Bank constituted under the Hyderabad State Bank Act, 1350-F, and renamed the State Bank of Hyderabad under sub-section (1) of section 3 of the State Bank of Hyderabad Act, 1956;
(f) "new bank" means any of the banks constituted under section 3;
(g) "prescribed" means prescribed by regulations made under this Act;
(h) ''Reserve Bank" means the Reserve Bank of India constituted under the Reserve Bank of India Act, 1934;
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(j) "State Bank" means the State Bank of India constituted under the State Bank of India Act, 1955;
(k) "subsidiary bank" means any new bank and includes the Hyderabad Bank 4[***]
(1) "Tribunal" means the Tribunal constituted under section 15.
1[(m)] "workman" has the meaning assigned to it in the Industrial Dispute, Act, 1947.]
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1. Inserted by the State Bank Laws (Amendment) Act, 1973 (48 of 1973), Section 20 w.e.f. 1-7-1974.
2. Omitted by the State Bank of Saurashtra (Repeal) and the State Bank of India (Subsidiary Banks) Amendment Act, 2009 w.e.f. 01.06.2010 previous text was :-
"(iv) in relation to me Saurashtra Bank, the date on which the amendments to the Saurashtra State Banks (Amalgamation) Ordinance, 1950, take effect under Part V of the Third Schedule:"
3. Omitted by the State Bank of Saurashtra (Repeal) and the State Bank of India (Subsidiary Banks) Amendment Act, 2009 w.e.f. 01.06.2010 previous text was :-
"(i) "Saurashtra Bank" means the State Bank of Saurashtra constituted under the Saurashtra State Banks (Amalgamation) Ordinance, 1950;"
4. Omitted by the State Bank of Saurashtra (Repeal) and the State Bank of India (Subsidiary Banks) Amendment Act, 2009 w.e.f. 01.06.2010 previous text was :-
"and the Saurashtra Bank."