Section 3 in National Bank For Agriculture And Rural Development (Additional) General Regulations, 1984
3. Number of Directors of the Executive Committee and its functions.
(1)The Executive Committee shall consist of the Chairman, the Managing Director and the following other Directors to be nominated by the Chairman -(a)one each from amongst the Directors appointed under clauses (b), (c), (d) and (e) of sub-section (1) of section 6; and(b)one of the whole time Directors, if any, appointed under sub-section (3) of Section 6.(2)Subject to the provisions of these regulations and such special or general directions as the Board may give from time to time, the Executive Committee shall have all the powers of the Board to transact the usual business of the National Bank except powers in relation to matters which are specifically reserved by the Act to the Board.
