Section 59: [ Construction of references to existing banks. [Substituted by Act 56 of 1962, Section 3, for s. 59 (w.e.f. 1-1-1963)]

Q: What does Section 59 of The State Bank of India (Subsidiary Banks) Act, 1959 (TSBISBA) deal with?

Section 59 TSBISBA pertains to "[ Construction of references to existing banks. [Substituted by Act 56 of 1962, Section 3, for s. 59 (w.e.f. 1-1-1963)]". It is part of the The State Bank of India (Subsidiary Banks) Act, 1959, a legislation enacted by the Parliament of India. Section 59 of The State Bank of India (Subsidiary Banks) Act, 1959 (TSBISBA) governs [ Construction of references to existing banks. [Substituted by Act 56 of 1962, Section 3, for s. 59 (w.e.f. 1-1-1963)]. As verified on 19 May 2026.

Q: Is Section 59 TSBISBA still in force?

Yes, Section 59 of the The State Bank of India (Subsidiary Banks) Act, 1959 is currently in force across the Republic of India.

Q: What is धारा 59 TSBISBA?

धारा 59 TSBISBA is the Devanagari Hindi reference for Section 59 of the The State Bank of India (Subsidiary Banks) Act, 1959. Section 59 of The State Bank of India (Subsidiary Banks) Act, 1959 (TSBISBA) governs [ Construction of references to existing banks. [Substituted by Act 56 of 1962, Section 3, for s. 59 (w.e.f. 1-1-1963)]. As verified on 19 May 2026.

Q: What is Dhara 59 TSBISBA?

Dhara 59 TSBISBA is the Roman Hindi reference for Section 59 of the The State Bank of India (Subsidiary Banks) Act, 1959. "Dhara" means "Section" in Hindi. Section 59 of The State Bank of India (Subsidiary Banks) Act, 1959 (TSBISBA) governs [ Construction of references to existing banks. [Substituted by Act 56 of 1962, Section 3, for s. 59 (w.e.f. 1-1-1963)]. As verified on 19 May 2026.

Q: How to cite Section 59 of The State Bank of India (Subsidiary Banks) Act, 1959?

Cite as: "Section 59, The State Bank of India (Subsidiary Banks) Act, 1959 (TSBISBA)" in legal briefs. For academic writing, use the BlueBook format: The State Bank of India (Subsidiary Banks) Act, 1959, § 59 (India).

Law on Tips Editorial Board

(1)

For the purposes of sections 45, 49, 55, 58 and the First Schedule, the expression 'existing bank' shall include the Bank of Jaipur Limited.

(2)

Except as otherwise provided in any general or special order made by the Central Government, any reference in any law, other than this Act, or in any contract or other instrument—

(a) to an existing bank, shall be construed as a reference to the corresponding new bank;

(b) to the Bank of Jaipur Limited, shall be construed as a reference to the State Bank of Bikaner.]