Section 30:
Obligation as to fidelity and secrecy.
(1) The Exim Bank shall not, except as otherwise
required by this Act or any other law, 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 Exim Bank to divulge such information.
(2) The Exim Bank may, for the purpose of efficient discharge of its functions under this Act, collect
from, or furnish to, the Central Government, the Development Bank or any scheduled bank or such other
financial institution, as may be notified in the Official Gazette by the Central Government in this behalf,
credit information or other information as it may consider useful for the purpose, in such manner and at
such times, as it may think fit.
Explanation.--For the purpose of this sub-section, the expression "credit information" shall have the
same meaning as in clause (c) of section 45A of the Reserve Bank of India Act, 1934 (2 of 1934), subject
to the modification that "banking company" referred to therein shall mean the Development Bank, any
scheduled bank or other financial institution as aforesaid.
(3) Every director, member of a committee, auditor or officer or other employee of the Exim Bank or
of the Development Bank whose services are utilised by the Exim Bank under the provisions of this Act,
shall, before entering upon his duties, make a declaration of fidelity and secrecy in the form set out in the
First Schedule.
1
[4) 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 30 of 2005, s. 34 and the Schedule (w.e.f. 14-12-2006).