Repealed or not in force · As amended up to 2026-08
46. The directors may from time to time apply such portion as they think fit of the reserve-fund to meet contingencies, or for equalizing dividends, or for any other purposes of the Bank, which they from time to time deem expedient.
DIVIDENDS TO
be determined
half-yearly.
Reserve-
fund.
Application
of reserve-
fund.
Source: India Code