Q. Under which of the following laws, the Subsidiary Bank of State Bank of India is constituted ?
Answer: State Bank of India (Subsidiary-Banks) Act,1959
Notes: The Subsidiary Bank of State Bank of India is constituted under the State Bank of India (Subsidiary-Banks) Act, 1959. This act allowed the State Bank of India to establish and manage subsidiary banks, enhancing its reach and operational capacity. The act facilitated the integration of various banks into the SBI framework, promoting a unified banking system in India.

This question is part of 40000+ MCQs GKToday PCS Mock Tests Series in GKToday Android app. Question Number: 15 in GKToday PCS Mock Test - 219 in above course in App.