Section 19B. Power of Reserve Bank to appoint additional directors

19B. Power of Reserve Bank to appoint additional directors. —(1) If the Reserve Bank is of the opinion that in the interest of banking policy or in the public interest or in the interests of the State Bank or its depositors, it is necessary so to do, it may, from time to time and by order in writing appoint, with effect from such date as may be specified in the order, one or more persons as additional directors of the State Bank. - (2) Any person appointed as additional director under sub-section (1) shall,— (a) hold office during the pleasure of the Reserve Bank and subject thereto for a period not exceeding three years or such further periods not exceeding three years at a time as the Reserve Bank may, by order, specify;