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Section 9 – The Regional Rural Banks Act,1976

The Regional Rural Banks Act,1976

Section 9. Board of directors

(1) The Board of directors shall consist of the Chairman appointed under sub-section (1) of section 11, and the following other members, namely:–

(a) Not more than three directors, to be nominated by the Central Government;

(b) Not more than two directors, to be nominated by the concerned State Government; and

(c) Not more than three directors, to be nominated by the Sponsor Bank.

(2) The Central Government may increase the number of members of the Board; so, however, that the number of directors does not exceed fifteen in the aggregate and also prescribe the manner in which the additional number may be filled in.

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The Regional Rural Banks Act,1976

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