Section 47(3)(b) in The State Bank Of India (Subsidiary Banks) Act, 1959
(b)in any document or information required or furnished or while answering any question put to him, wilfully makes a statement which is false in any material particular, knowing it to be false, or wilfully omits to make a material statement, he shall be punishable with imprisonment for a term which may extend to three years and shall also be liable to fine.