law: State Bank of India Act, 1955
  10. Transferability of shares
  (1) Save as otherwise provided in sub-section (2), the shares of
  
  the State Bank shall be freely transferable.
  (2) Nothing contained in sub-section (1) shall entitle the
  
  Reserve Bank to transfer any shares held by it in the State Bank if such
  
  transfer will result in reducing the shares held by it to less than fifty-five
  
  per cent of the issued capital of the State Bank.