law: State Financial Corporations Act, 1951 
  40. Declaration of fidelity and secrecy 
  22[(1) The Financial Corporation shall not, except as otherwise
  
  required by this Act or any other law for the time being in force, 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 Financial Corporation
  
  to divulge such information.
  (2) The Financial Corporation may, for the purpose of efficient
  
  discharge of its functions under this Act, collect from, or furnish to-
  (a) the Central Government;
  (b) the State Bank of India constituted under
  
  section 3 of the State Bank of India Act, 1955 (23 of 1955), any subsidiary
  
  bank within the meaning of the State Bank of India (Subsidiary Banks) Act, 1959
  
  (38 of 1959), any corresponding new bank constituted under section 3 of the
  
  Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of
  
  1970) or under section 3 of the Banking Companies (Acquisition and Transfer of
  
  Undertakings) Act, 1980 (40 of 1980) any other scheduled bank, any State
  
  co-operative bank or the Development Bank, such credit information or
  
  other information as it may consider useful for the purpose, in such manner and
  
  at such time as it may think fit.
  Explanation:- For the purposes 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 the banking company referred to
  
  therein shall mean a bank referred to in clause (b) of this sub-section.]
  23[(3) Every Director, auditor, officer or other employee of the
  
  Financial Corporation shall, before entering upon his duties, make a
  
  declaration of fidelity and secrecy in the form set out in the Schedule.