State Bank of India Act, 1955
Section 2: Definitions
In this Act, unless the context otherwise requires,—
(a) "appointed day" means the date on which this Act comes into force;
(b) "Central Board" means the Central Board of Directors of the State Bank;
[(bb) "chairman" means the chairman of the Central Board;]
(c) "goods" includes bullion, wares and merchandise;
(d) "Imperial Bank" means the Imperial Bank of India constituted under the Imperial Bank of India Act, 1920 (47 of 1920);
[(dd) Local Board means a Local Board constituted under section 21;]
(e) "prescribed" means prescribed by regulations made under this Act;
(f) "Reserve Bank" means the Reserve Bank of India constituted under the Reserve Bank of India Act, 1934 (2 of 1934);
(g) "State Bank" means the State Bank of India constituted under this Act;
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[(j) "workman" has the meaning assigned to it in the Industrial Disputes Act, 1947 (14 of 1947).]
Source: India Code (indiacode.gov.in), the consolidated text published by the Legislative Department, Government of India. Text as updated on India Code on 15 October 2026. Words in square brackets [ ] were inserted or substituted by later amending Acts, and *** marks words omitted by an amendment. The amendment footnotes are not reproduced here. Official text on India Code.
Supreme Court judgments citing the section 2
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