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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.
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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....
| Is This Answer Correct ? | 7 Yes | 0 No |
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 ? | 2 Yes | 0 No |
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