Section 9Section 9

s. 9

9 (1) The Managing Director shall be the chief executive officer of the Bank. (2) The [Chairman,] Managing Director and other Directors shall exercise such powers, perform such functions and discharge such duties as may be prescribed or assigned to them by the Board.

1. 8. The word and comma “Chairman,” was inserted by section 2 and the Schedule of the Banks and Financial Institutions Laws Amendment Act, 1980 (Act No. IX of 1980)