Under which of the following laws, the Subsidiary Bank of the State Bank of India is constituted ?

Under which of the following laws, the Subsidiary Bank of the State Bank of India is constituted ?

[A] Banking Regulation Act, 1949

[B] State Bank of India Act,1955

[C] State Bank of India (Subsidiary-Banks) Act,1959

[D] Banking Companies (Acquisition and Transfer of Under-taking) Act, 1980

Correct Answer: C [State Bank of India (Subsidiary-Banks) Act,1959]

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