Chapter 3 Formation and Functions, Duties and Powers of the Board

Section 37: Professional Code of Conduct and Official Responsibility

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1) The Governor and Deputy Governor shall, so long in office, fully devote his/her professional service to the Bank. Except as nominated by the Bank, they shall not be entitled to assume any office or accept a job in or render services to anyone else, with or without remuneration.

Provided that this sub-section shall not restrict the rendering of services by assuming any post in any non-profit making organisations such as the Medical Association, the Engineers Association, the Bar Association, the Bankers Association, the Chartered Accountants Association and in any other trade and professional organisation.

2) The Governor, Deputy Governor or Director shall have to provide the highest priority to the interests of the Bank while discharging their official duties.

3) The Governor, Deputy Governor or Director shall not accept, personally or through any person having any commercial, financial relationship with him, any gift or loan in a manner that may cause undue influence of any type in discharging his duties.

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