The Regional Rural Banks Act, 1976
24. Power of Central
Government to give directions
1. A
Regional Rural Bank shall, in the discharge of its functions, be guided by such
directions in regard to matters of policy involving public interest as the
Central Government may, after consultation with the Reserve Bank, give.
2. If
any question arises as to whether any such direction relates to a matter of
policy involving public interest, the decision of the Central Government
thereon shall be final.