Section 43
State Bank may appoint officers and other employees.
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[(1)] The State Bank may appoint
such number of officers, advisers and employees as it considers necessary or desirable for the efficient
performance of its functions, and determine the terms and conditions of their appointment and service.
2[(2) The officers, advisers and employees of the State Bank shall individually or jointly or with other officers, advisers and employees in a Local Committee exercise such powers and perform such duties as may by general or special order, be entrusted or delegated to them by the Central Board or its executive committee.]
2[(2) The officers, advisers and employees of the State Bank shall individually or jointly or with other officers, advisers and employees in a Local Committee exercise such powers and perform such duties as may by general or special order, be entrusted or delegated to them by the Central Board or its executive committee.]
Notes
1. Section 43 renumbered as sub-section (1) thereof by Act 35 of 1964, s. 14 (w.e.f. 1-12-1964).
2. Subs. by Act 27 of 2010, s. 30, for sub-section (2) (w.e.f. 15-9-2010).
2. Subs. by Act 27 of 2010, s. 30, for sub-section (2) (w.e.f. 15-9-2010).