The Regional Rural Banks Act, 1976
25. Obligations as to
fidelity and secrecy
1. A
Regional Rural Bank shall observe, except as otherwise required by law, the
practices and usages customary among bankers and, in particular, it shall not
divulge any information relating to, or to the affairs of, its constituents
except in circumstances in which it is, in accordance with the law or practice
and usage customary among bankers, necessary or appropriate for the Regional
Rural Bank to divulge.
2. Every
director, member of a committee or auditor, officer or other employee of a
Regional Rural Bank shall, before entering upon his duties, make a declaration
of fidelity and secrecy in the form set out in the Schedule to this Act.
3. Nothing
contained in this section shall apply to the credit information disclosed under
the Credit Information Companies (Regulation) Act, 2005.