Section 39:
Declaration of fidelity and secrecy.
2[(1)] Every director, auditor, officer or other employee of
the Corporation or an employee of the Reserve Bank whose services are utilised by the Corporation under
sub-section (2) of section 33 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.
1[(2) The Corporation shall observe, except as otherwise required by law, the practices and usages
customary among the bankers, and, in particular, it shall not divulge any information relating to an
insured bank or its customers or a credit institution or its customers except in circumstances in which it is,
in accordance with law or practices or usages customary among bankers, necessary or appropriate for the
Corporation to divulge such information.]
3[(3) Nothing contained in this section shall apply to the credit information disclosed under the Credit
Information Companies (Regulation) Act, 2005.]
Notes:
1. Ins. by Act 21 of 1978, s. 8 (w.e.f. 15-7-1978).
2. Section 39 re-numbered as sub-section (1) thereof by s. 8, ibid. (w.e.f. 15-7-1978).
3. Ins. by Act 30 of 2005, s. 34 and the Schedule (w.e.f. 14-12-2006).