18. Transferability of shares.-(1) Save as otherwise provided in sub-section (2), the shares of a subsidiary bank shall be freely transferable.
(2) Nothing contained in sub-section (1) shall entitle the State Bank to transfer any shares held by it in any subsidiary bank such transfer will result in reducing the shares held by it to less than *[fifty-one per cent. of the issued capital consisting of equity shares] of that subsidiary bank.
*[Substituted by State Bank of India (Subsidiary Banks Laws) Amendment Act, 2007]
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