State Bank of India Act, 1955 · Chapter VII: Funds, Accounts and Audit
Section 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.
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 37
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