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Section 35 – The State Bank of Hyderabad Act,1956

The State Bank of Hyderabad Act,1956

Section 35. Obligation as to fidelity and secrecy

(1) The Hyderabad 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 that bank to divulge such information.

(2) Every director, auditor, adviser, officer or other employee of the Hyderabad Bank shall, before entering upon his duties, make a declaration of fidelity and secrecy as in the form set out in the First Schedule.

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The State Bank of Hyderabad Act,1956

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