Section 34(5)(iii) in The State Bank Of India (Subsidiary Banks) Act, 1959
(iii)[ an officer or other employee of the State Bank, or any other institution, if he is the managing director appointed under sub-section (1) of section 29 or under section 32; or [Inserted by Act 48 of 1973, Section 31 (w.e.f. 31-12-1973)]