Section 48(1) in The State Bank Of India (Subsidiary Banks) Act, 1959
(1)A subsidiary bank may accept any subsidies offered by the State Bank to meet--(a)the cost of the whole or any part of any specific programme of development undertaken by that subsidiary bank with the approval of the State Bank; and(b)such losses or expenditure as may be approved by the State Bank, with the consent of the Reserve Bank.
