Section 10 in The National Bank For Agriculture And Rural Development General Regulations, 1982
10. No advance to be made to the officers of the National Bank without sanction of the Board
.-An advance may be made to the Chairman, Managing Director, whole-time Director, officer or other employee of the National Bank with the sanction of the authority specified in the relative regulations, rules, or schemes made or approved by the Board in terms of which the advance is to be made and where no authority is specified in the relative regulations, rules or schemes, as the case may be, the advance may be sanctioned-(a)to the Chairman, by the Board ;(b)to the Managing Director or the whole-time Director, by the Chairman;(c)to officers and other employees, by the Managing Director or a whole-time Director, and subject to such general or special directions as may be issued by the Chairman or the Managing Director, by any other officer specified by the Chairman in this behalf.
