Section 11(2) in The National Bank For Agriculture And Rural Development General Regulations, 1982
(2)Any other officer may, if authorised and to the extent that he is so authorised by the Chairman in this behalf, exercise all the powers in relation to matters pertaining to the department or office in which he is employed, and in relation to such matters do all acts and things which may be exercised or done by the National Bank, subject, however, to the conditions hereinafter specified, namely:-(a)the power to sanction or incur any expenditure on behalf of the National Bank shall be subject to regulations made by the Board;(b)any other power exercised or action taken shall be exercised or taken subject to such directions, if any, as may be given by any higher officer or authority in this behalf.
