law: State Bank of India Act, 1955
  12. Shares to be approved securities
  Notwithstanding anything contained in the Acts hereinafter
  
  mentioned in this scoring the shares of the State Bank shall be deemed to be
  
  included among the securities enumerated in section 20 of the Indian Trusts
  
  Act, 1882, and also to be approved securities for the purposes of the Insurance
  
  Act, 1938, and 11[Banking Regulation Act, 1949"].