Section 45
Power to issue directions for removing difficulties. Repealed
The State Bank of India (Subsidiary Banks) Act, 1959
About this Act
An Act to provide for the formation of certain Government or Government associated banks as subsidiaries of the State Bank of India and for the constitution, management and control of the subsidiary banks so formed, and for matters connected therewith, or incidental thereto.
For the purpose of facilitating the full
and effective transfer of the undertaking of an existing bank in accordance with the provisions of this
Act, or in order to remove any difficulty which in the opinion of the Central Government has arisen or
is likely to arise in connection with such transfer, the Central Government may, in consultation with
the Reserve Bank, give such directions to any existing bank or the State Bank as appear to it to be
necessary and the said bank or the State Bank, as the case may be, shall comply with such directions.