To maintain the secrecy of the affairs of a customer is obligatory on the part

To maintain the secrecy of the affairs of a customer is
obligatory on the part of the bank, but sometime it may
not be considered essential. Discuss.

Question Posted / mehtab ali

2 Answers
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To maintain the secrecy of the affairs of a customer is obligatory on the part of the bank, but s..

Answer / sashwat ghosh

Maintaining customer secrecy is necessary otherwise
sensitive information can be leaked and thus can cause
financial loss to the customer by fraudsters....

Although at time to comply with RBI/Govt. directions its
becomes mandatory to disclose customer information to
RBI/Govt. Such directions are issued to regulate fraudalent
transaction done through dummy accounts....

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To maintain the secrecy of the affairs of a customer is obligatory on the part of the bank, but s..

Answer / vikram

yes. it is a mandatory one
at the time, discloser of accounts to RBI it is inevitable
for the bank to depict the records.

Is This Answer Correct ?

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