State Bank of India Act 1955 [Bare Act with Section Notes] by Taxmann is a definitive statutory text that provides readers with an up-to-date and comprehensive presentation of the law governing the constitution, management, and functioning of India's largest public sector bank. This Edition offers a verbatim reproduction of the Act as amended up to date, complete with detailed section notes, judicial commentary, and case law references to facilitate a deeper understanding of the statute's application and evolving interpretation.

This book is intended for the following audience:

Legal Professionals, Banking & Corporate Lawyers, and In-house Counsels dealing with banking regulation and compliance
Academicians and Students pursuing law, commerce, banking, or related disciplines
Compliance Officers, Company Secretaries, and Regulatory Professionals in the banking and financial sector
Officers and Management of Banks, mainly public sector undertakings and those engaged in policy or legal functions
Researchers and Scholars focusing on the evolution of Indian banking laws and public sector undertakings
The Present Publication is the 2025 Edition, covering the amended and updated text of the State Bank of India Act [Act No. 23 of 1955], with the following noteworthy features:

[Authentic Bare Act Text] Presents the complete, unabridged text of the State Bank of India Act 1955, as amended by the Banking Laws (Amendment) Act 2025
[Pre-amendment Provisions] Incorporates the text of provisions as they existed prior to the amendment in the respective amendment footnotes, enabling the reader to understand the legal position before the amendment and its applicability during the pre-amendment period
[Comprehensive Section Notes] Each section is supplemented with concise notes explaining legislative intent, practical implications, and procedural nuances
[Case Law References] Select provisions include summaries of significant Supreme Court and High Court judgments interpreting the Act, aiding practical application and compliance
[Statutory Commentary] Editorial inputs clarify complex provisions, identify key compliance points, and provide context for legislative amendments
[User-friendly Structure] A detailed contents table, subject index, and schedules facilitate efficient navigation and reference
[Practical Focus] Includes notes on regulatory procedures, board and management composition, shareholder rights, audit, reporting, and disciplinary powers
The structure of the book is as follows:

Logical Arrangement – Chapters and sections are arranged as per the statutory sequence, with each provision followed by relevant notes and references
Integrated Commentary – Notes and case law digests are embedded within the text at appropriate points, offering contextual guidance without interrupting statutory reading
Schedules & Appendices – The original Schedules to the Act are included, with commentary where appropriate
Cross-referencing – Internal references are provided to related sections and external statutes for enhanced research value
Subject Index – Located at the end, it consolidates all topics, enabling users to navigate through various provisions efficiently