State Bank of India Act, 1955
27. Powers and remuneration of chairman
(1) The chairman shall preside at all meetings of the Central
Board and subject to such general or special directions as the Central Board
may give, exercise all such powers and do all such acts and things as may be
exercised or done by the State Bank.
(2) The chairman shall receive such salary, fees, allowances and
perquisites 74[as may be determined by the Central Government.]
75 [***]