The State Bank of India Act, 1955
Section 21C. Local Committees.
1[(1) A Local Committee may be constituted by the Central Board for any area and shall consist of such number of members as may be prescribed.
2[(2) The chairman or the managing director nominated by him shall be an ex officio member of every such Local Committee.]
(3) A Local Committee shall exercise such powers and perform such functions and duties as the Central Board may confer on or assign to it.]
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