law: The Regional Rural Banks Act, 1976
  17. Staff of Regional Rural
  
  Banks
  1.  A
  
  Regional Rural Bank may appoint such number of officers and other employees as
  
  it may consider necessary or desirable for the efficient performance of its
  
  functions and may determine the terms and conditions of their appointment and
  
  service:
  Provided that it shall be lawful for a
  
  Sponsor Bank, if requested so to do by a Regional Rural Bank sponsored by it,
  
  to send, during the first five years of the functioning of a Regional Rural
  
  Bank, such number of officers or other employees on deputation to the Regional
  
  Rural Bank as may be necessary or desirable for the efficient performance of
  
  its functions:
  Provided further that the remuneration of
  
  officers and other employees appointed by a Regional Rural Bank shall be such
  
  as may be determined by the Central Government, and, in determining such
  
  remuneration, the Central Government shall have due regard to the salary
  
  structure of the employees of the State Government and the local authorities of
  
  comparable level and status in the notified area.
  1.  
  2.  Notwithstanding
  
  anything contained in the Industrial Disputes Act, 1947, or any other law for
  
  the time being in force, no award, judgment, decree, decision or order of any
  
  industrial tribunal, court or other authority, made before the commencement of
  
  this Act, shall apply to the terms and conditions in relation to the persons
  
  appointed by a Regional Rural Bank.
  3.  The
  
  officers and other employees of a Regional Rural Bank shall exercise such
  
  powers and perform such duties as may be entrusted or delegated to them by the
  
  Board.