Parliament on Monday passed a Bill which seeks to transfer powers to the Central Government from the Reserve Bank with regard to SBI subsidiary, State Bank of Hyderabad. 

The Lok Sabha approved the amendment made by the Rajya Sabha and passed the Bill. 

Though the Lok Sabha had already passed the State Bank of India, Subsidiary Banks Laws, Amendment Bill and sent it to the Rajya Sabha, it came back to the Lower House on Monday with certain amendments made by the Upper House. 

The Bill was passed amid din created by the Opposition members over various issues, including the appointment of Lokayukta in Gujarat. 

The transfer of powers to the Centre has been necessitated after the ownership of the SBI was transferred from the RBI to the Government.