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Section 25 – The Regional Rural Banks Act,1976

The Regional Rural Banks Act,1976

Section 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.

1[(3) Nothing contained in this section shall apply to the credit information disclosed under the Credit Information Companies (Regulation) Act,2005.

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1. Ins. by Act No. 30 of 2005 w.e.f. 23-6-2005.

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The Regional Rural Banks Act,1976

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