law: Export-Import Bank of India Act, 1981
  Chapter III:
  
  Management of the Exim Bank
  5. Management.-
  1.  
  
    The
  
  general superintendence, direction and management of the affairs and business
  
  of the Exim Bank shall vest in the Board, which may exercise all powers and do
  
  all acts and things which may be exercised or done by the Exim Bank.
  2.  
  
    Save
  
  as otherwise provided in the regulations made under this Act,-- (a) the
  
  chairman, if he is a whole-time director or if he is holding offices both as
  
  the chairman and the managing director, or (b) the managing director, if the
  
  chairman is not a whole- time director, or, if the chairman being a wholetime
  
  director, is absent, shall also have powers of general superintendence,
  
  direction and management of the affairs and business of the Exim Bank and may
  
  also exercise all powers and do all acts and things which may be exercised or done
  
  by the Exim Bank.
  3.  
  
    Subject
  
  to the provisions of this Act, the Board in discharging its functions shall act
  
  on business principles with due regard to public interest.
  4.  
  
    In
  
  the discharge of its functions under this Act, the Exim Bank shall be guided by
  
  such directions in matters of policy involving public interest as the Central
  
  Government may give to it in writing.