Section 43:
Staff of National Housing Bank.
(1) The National Housing Bank may appoint such number of
officers and other employees as it considers necessary or desirable for the efficient performance of its
functions and determine the terms and conditions of their appointment and service.
(2) The duties and conduct, terms and conditions of service and the establishment and maintenance of
provident fund or any other fund for the benefit of the officers and other members of staff of the National
Housing Bank shall be such as may be prescribed.
(3) The National Housing Bank may depute any officer or any member of its staff for such period and
on such terms and conditions as it may determine, to any institution including a housing finance
institution.
(4) Nothing contained in this section shall empower the National Housing Bank to depute any officer
or member of its staff to any institution on any salary, emoluments or other terms and conditions which is
or are less favourable to him than that or those to which he is entitled to immediately before such
deputation.
(5) The National Housing Bank may 1*** receive or take on deputation any officer or other employee
from any institution including a housing finance institution for such period and on such terms and
conditions as it may think necessary in the interest of the National Housing Bank.
Notes:
1. The words, figures and letters “, without prejudice to the provisions of section 54AA of the Reserve Bank of India Act, 1934 (2
of 1934),” Omitted by Act 13 of 2018, s. 175, (w.e.f. 1-6-2018).