Section 26
Remuneration of directors.
The State Bank of India Act, 1955
About this Act
An Act to constitute a State Bank for India, to transfer to it the undertaking of the Imperial Bank of India and to provide for other matters connected therewith or incidental thereto.
(1) Without prejudice to the provisions contained in sections 27,
28 and 29, the directors shall be paid such fees and allowances for attending the meetings of the Central
Board or of any of its Committees and for attending to any other work of the State Bank as may be
prescribed.
(2) Notwithstanding anything contained in sub-section (1), no fees shall be payable to a managing director or any other director who is an officer of the Central Government or the Reserve Bank.
(2) Notwithstanding anything contained in sub-section (1), no fees shall be payable to a managing director or any other director who is an officer of the Central Government or the Reserve Bank.