State Bank of India Act : Reserve Fund. Indian Bare Acts :

State Bank of India Act,1955

Act No : 23

Section : Reserve Fund.

37. Reserve Fund.-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.