law: The Regional Rural Banks Act, 1976
  28. Indemnity of directors,
  
  etc
  1.  A
  
  director or a member of a committee of a Regional Rural Bank shall not be
  
  responsible for any loss or expense caused to such bank by insufficiency or
  
  deficiency of the value of, or title to, any property or security acquired or
  
  taken on behalf of a Regional Rural Bank or by the insolvency or wrongful act
  
  of any customer or debtor or anything done in, or in relation to, the execution
  
  of the duties of his office, unless such loss, expense, insufficiency or
  
  deficiency was due to any wilful act or default on the part of such director or
  
  member.
  2.  The
  
  Chairman of a Regional Rural Bank and every officer of the Central Government
  
  or State Government or an officer of the Reserve Bank or the Sponsor Bank and
  
  every officer or other employee of a Regional Rural Bank shall be indemnified
  
  by such bank against all losses and expenses incurred by him in, or in relation
  
  to, the discharge of his duties except such as have been caused by his own
  
  wilful act or default.