law: The Small Industries Development Bank of India Act, 1989 
  5. Management 
  1.     
  
    The
  
  general superintendence, direction and management of the affairs and business
  
  of the Small Industries Bank shall vest in a Board of Directors, which may
  
  exercise all powers and do all acts and things which may be exercised or done
  
  by the Small Industries Bank.
  2.     
  
    In
  
  the discharge of its functions under this Act, the Small Industries Bank shall
  
  be guided by such directions in matters of policy involving public interest as
  
  the Central Government, in consolation with the Development Bank, or the
  
  Development Bank, may given in writing.
  3.     
  
    Save
  
  as otherwise provided in regulations made under this Act, the Chairman shall
  
  also have power of general superintendence and direction of the affairs and
  
  business of the Small Industries Bank and may also exercise all powers and do
  
  all acts and things which may be exercised or done by that Bank.
  4.     
  
    Subject
  
  to the provisions of this Act, the Board in discharging its functions shall act
  
  on business principles with due regard to public interest.