 bill no 130  of  2010 the state bank of india (subsidiary banks) amendment bill, 2010 a billfurther to amend the state bank of india (subsidiary banks) act, 1959be it enacted by parliament in the sixty-first year of the republic  of india as follows:—short title and commencement1 (1) this act may be called the state bank of india (subsidiary banks)  amendment act, 2010(2) it shall come into force on such date as the central government may, by notification in the official gazette, appoint5amendment of section 238 of 19592 in section 2 of the state bank of india (subsidiary banks) act, 1959 (hereinafter referred to as the principal act),—(i) in clause (b), sub-clause (ii) shall be omitted;(ii) in clause (c), sub-clause (ii) shall be omitted;(iii) in clause (d), sub-clause (ii) shall be omittted103 in section 3 of the principal act, clause (b) shall be omittedamendment of section 3 statement of objects and reasonsin terms of the state bank of india (subsidiary banks) act, 1959, the bank of indore limited became a subsidiary of the state bank of india and was renamed as state bank of indore in view of the recent developments in international banking scenario and for better functioning, the state bank of india has, with the sanction of the central government and in consultation with the reserve bank of india, entered into negotiations for acquiring the business, including the assets and liabilities of the state bank of indore the terms and conditions relating to such acquisition were agreed upon by the central board of the state bank of india and the board of the state bank of indore in the form of a scheme2 thereafter, the reserve bank of india approved the acquisition of the business of the state bank of indore and in exercise of the powers conferred by sub-section (2) of section 35 of the state bank of india act, 1955, the central government has accorded its sanction thereto accordingly, the acquisition of the state bank of indore order, 2010 was published in the gazette of india, vide, notification no gsr 638(e), dated the 28th july, 2010 as per the said order, the business of the state bank of indore has to be carried out by the state bank of india in accordance with the state bank of india act, 1955 after the acquisition of the state bank of indore by the state bank of india vide said order, references to the state bank of indore in the state bank of india (subsidiary banks) act, 1959 have become redundant it is therefore, proposed to amend the state bank of india (subsidiary banks) act, 1959 to omit such references3 the bill seeks to achieve the above objectsnew delhi;pranab mukherjeethe 10th november, 2010 annexure extracts from the state bank of india (subsidiary banks) act, 1959 (38 of 1959)    definitions2 in this act, unless the context otherwise requires,—     (b) "corresponding bank" means,—    (ii) in relation to the state bank of indore, the bank of indore, limited;    (c) "corresponding new bank" means,—    (ii) in relation to the bank of indore, limited, the state bank of indore;    (d) "existing bank" means any of the following banks, namely:—    (ii) bank of indore, limited;     chapter ii constitution of new banks and change of name of anyestablishment of new bankssubsidiary bank3 with effect from such date as the central government may, by notification in the official gazette, specify in this behalf, there shall be constituted the following new banks, namely:—    (b) the state bank of indore;      lok  sabha———— a billfurther to amend the state bank of india (subsidiary banks) act, 1959————(shri pranab mukherjee, minister of  finance)gmgipmrnd—5164ls(s3)—12-11-2010