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The Bank shall, as soon as may be, establish offices in
Bombay, Calcutta, 1[Delhi and Madras] 2*** and may establish branches or agencies in any other place in
India 3*** or, with the previous sanction of the 4[Central Government] elsewhere.
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1. Subs. by Act 11 of 1947, s. 5, for "Delhi, Madras and Rangoon" (w.e.f. 1-4-1947).
2. The words "and a branch in London" omitted by Act 24 of 1955, s. 3 (w.e.f. 8-5-1955).
3. The words "or Burma" omitted by Act 11 of 1947, s. 5 (w.e.f. 1-4-1947) which was earlier inserted by the M.O. 1937.
4. Subs. by the M.O. 1937, for "G.G. in C.".