Section 17. Management

17. Management. —(1) The general superintendence and direction of the affairs and business of the State Bank shall be entrusted to the Central Board which may exercise all powers and do all such acts and things as may be exercised or done by the State Bank and are not by this Act expressly directed or required to be done by the State Bank in general meeting. 1. Subs. by Act 27 of 2010, s. 8, for "in computer floppies or diskettes" (w.e.f. 15-9-2010). 2. Ins. by Act 8 of 1997, s. 4 (w.e.f. 15-1-1997). 3. Subs. by Act 3 of 1994, s. 7, for section 15 (w.e.f. 15-10-1993). 4. The Proviso and Explanation ins. by Act 8 of 1997, s. 5 (w.e.f. 15-1-1997). 5. Subs. by Act 27 of 2010, s. 9, for "Bombay" (w.e.f. 15-9-2010). 6. Subs. by s. 9, ibid ., for "Bombay, Calcutta and Madras" (w.e.f. 15-9-2010). 7. Ins. by Act 33 of 1955, s. 4 (w.e.f. 21-9-1955). (2) The Central Board in discharging its functions shall act on business principles regard being had to public interest.