Section 29(2) in The State Bank Of India (Subsidiary Banks) Act, 1959
(2)Subject to the general control of the Board of Directors, the day to day administration and management of the affairs of a subsidiary bank shall vest in the [managing director] [Substituted by Act 48 of 1973, Section 21 for "general manager" (w.e.f. 1-7-1974)], and the [managing director] [Substituted by Act 48 of 1973, Section 21 for "general manager" (w.e.f. 1-7-1974)] shall exercise such other powers and perform such other duties as may be delegated to him by the Board of Directors.
