National Bank for Agriculture and Rural Development Act, 1981
Chapter X:
Miscellaneous
51. Obligation as to
fidelity and secrecy.-
1.
The
National Bank shall not, except as otherwise required by this Act or any other
law, 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
National Bank to divulge such information.
2.
Every
director, member of a committee, auditor, officer or other employee of the
National Bank or of the Reserve Bank, whose services are utilised by the National
Bank under the provisions of this Act, shall, before entering upon his duties,
make a declaration of fidelity and secrecy in the form set out in the First
Schedule to this Act.