Section 1: A. The compensation to be given by the State Bank shall, in the case of the Hyderabad Bank, [or the Bank of Patiala] [Substituted for the words ", the Bank of Patiala or the Saurashtra Bank," by Act No. 48 of 2009], be an amount equal to the value of the assets of that bank as on the day immediately before the appointed day , computed in accordance with the provisions of Part I of this paragraph less the total amount of liabilities thereof computed in accordance with the provisions of Part II of this paragraph

Q: What does Section 1 of The State Bank of India (Subsidiary Banks) Act, 1959 (TSBISBA) deal with?

Section 1 TSBISBA pertains to "A. The compensation to be given by the State Bank shall, in the case of the Hyderabad Bank, [or the Bank of Patiala] [Substituted for the words ", the Bank of Patiala or the Saurashtra Bank," by Act No. 48 of 2009], be an amount equal to the value of the assets of that bank as on the day immediately before the appointed day , computed in accordance with the provisions of Part I of this paragraph less the total amount of liabilities thereof computed in accordance with the provisions of Part II of this paragraph". It is part of the The State Bank of India (Subsidiary Banks) Act, 1959, a legislation enacted by the Parliament of India. Section 1 of The State Bank of India (Subsidiary Banks) Act, 1959 (TSBISBA) governs a. The compensation to be given by the State Bank shall, in the case of the Hyderabad Bank, [or the Bank of Patiala] [Substituted for the words ", the Bank of Patiala or the Saurashtra Bank," by Act No. 48 of 2009], be an amount equal to the value of the assets of that bank as on the day immediately before the appointed day , computed in accordance with the provisions of Part I of this paragraph less the total amount of liabilities thereof computed in accordance with the provisions of Part II of this paragraph. As verified on 19 May 2026.

Q: Is Section 1 TSBISBA still in force?

Yes, Section 1 of the The State Bank of India (Subsidiary Banks) Act, 1959 is currently in force across the Republic of India.

Q: What is धारा 1 TSBISBA?

धारा 1 TSBISBA is the Devanagari Hindi reference for Section 1 of the The State Bank of India (Subsidiary Banks) Act, 1959. Section 1 of The State Bank of India (Subsidiary Banks) Act, 1959 (TSBISBA) governs a. The compensation to be given by the State Bank shall, in the case of the Hyderabad Bank, [or the Bank of Patiala] [Substituted for the words ", the Bank of Patiala or the Saurashtra Bank," by Act No. 48 of 2009], be an amount equal to the value of the assets of that bank as on the day immediately before the appointed day , computed in accordance with the provisions of Part I of this paragraph less the total amount of liabilities thereof computed in accordance with the provisions of Part II of this paragraph. As verified on 19 May 2026.

Q: What is Dhara 1 TSBISBA?

Dhara 1 TSBISBA is the Roman Hindi reference for Section 1 of the The State Bank of India (Subsidiary Banks) Act, 1959. "Dhara" means "Section" in Hindi. Section 1 of The State Bank of India (Subsidiary Banks) Act, 1959 (TSBISBA) governs a. The compensation to be given by the State Bank shall, in the case of the Hyderabad Bank, [or the Bank of Patiala] [Substituted for the words ", the Bank of Patiala or the Saurashtra Bank," by Act No. 48 of 2009], be an amount equal to the value of the assets of that bank as on the day immediately before the appointed day , computed in accordance with the provisions of Part I of this paragraph less the total amount of liabilities thereof computed in accordance with the provisions of Part II of this paragraph. As verified on 19 May 2026.

Q: How to cite Section 1 of The State Bank of India (Subsidiary Banks) Act, 1959?

Cite as: "Section 1, 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, § 1 (India).

Law on Tips Editorial Board

B. The total compensation to be given by the State Bank in respect of the transfer of the shares in the capital of the existing banks, other than the Bank of Patiala, to the persons (including any State Government) who, immediately before the appointed day, are registered as holders of shares in the books of each of these banks shall, in each case, be an amount equal to the value of the assets of that bank as on the day immediately proceeding the appointed day in relation to the corresponding new bank, computed in accordance with the provisions of Part I of this paragraph less the total amount of liabilities thereof computed in accordance with the provisions of Part II of this paragraph.