In recent years, the business landscape of banks has undergone significant change. Today the banks need to look out for ‘sunrise’ sectors while supporting those which have the potential to bounce back. For instance, Banks need to look at prospective business opportunities in the rural sector which remain unexplored despite efforts to support it.
Provided that out of the aforesaid number of Directors, not less than two shall have special knowledge of, practical experience, with respect to agriculture and the rural economy, cooperation or small scale industry and shall not (i) have substantial interest in, or be connected with, whether as an employee, manager or managing agent,    Any company, not being a company registered under section 25 of the Companies Act, 1956 (1 to 1956), or    Any firm, which carries on any trade, commerce or industry and which, in either case, is not a small scale industrial concern, or (ii) be proprietors of any trading, commercial or industrial concern, not being a small scale industrial concern.