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No. They cannot. It is illegal and also unethical to do so. Every bank is supposed to protect and safeguard the information of its clients and they cannot share that information with the public.
At the same time, law enforcement authorities (cops) have the right to know details of suspected criminals and other individuals and in such situations it is the responsibility of the bank employees to cooperate with them. Such an action would not be illegal.
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∙ 13y ago
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What is the conceptual meaning of bank's duty of secrecy?
* where disclosure is under compulsion of law; * where there is a duty to the public to disclose; * where the interests of the bank require disclosure; and where the disclosure is made by the express or implied consent of the parties
What are the functions of client officer in a bank?
provide client support services and maintain good relationship with client in the bank
What is client funds?
Money managers who invest and manage other peoples money are investing their "client's funds" or money. From a bank's perspective, all the money that the bank's clients deposit in the bank are "client funds".
Who is a client of a bank?
If a person has any kind of account relationship with the bank, he will be termed as a customer or a client of the bank. It could be any account like say checking or loan or credit card or any kind or service the bank provides. If the person uses them, he becomes a customer/client of the bank.
Use of employees or employee's?
employees is plural, employee's is possesive The bank's employees did nothing to stop the robber. The employee's bank was being robbed.
Which public company has the largest number of employees in India?
state bank of India
Is Teche Federal Bank a public corporation?
Teche Federal Bank is a public corporation that has approximately 201 - 500 employees. Teche Federal Bank is the fourth largest publicly owned bank in Louisiana.
Is there any pension plans available to the employees of andhra bank?
is there any pension scheme available to public in andhra bank
What is the conceptual meaning of bank's duty of secrecy?
* where disclosure is under compulsion of law; * where there is a duty to the public to disclose; * where the interests of the bank require disclosure; and where the disclosure is made by the express or implied consent of the parties
What are the functions of client officer in a bank?
provide client support services and maintain good relationship with client in the bank
Are bank employees federal employees?
Nope
What is client funds?
Money managers who invest and manage other peoples money are investing their "client's funds" or money. From a bank's perspective, all the money that the bank's clients deposit in the bank are "client funds".
Can the dhss look at your bank account?
The banks are not allowed to disclose such information.
Can a bank give bank guarantee to another bank?
A Bank-guarantee is a Banking Instrument through which a Bank indemnifies the client against any default committed by the supplier against a contract. A bank can give BG to another bank on behalf of a client of the beneficiary bank. Secondly, a Bank can give BG to a beneficiary on behalf of another Bank. For example, suppose a client in USA does not accept a BG from an Indian Bank. What will the Indian supplier do then if he doesnt have an account in a reputed foreign bank. In such a case, the client will approach an Indian Bank for the BG. The Indian Bank will then approach a reputed foreign bank for the counter BG. The foreign Bank will issue a BG in favour of the client on behalf of the Indian Bank. Alternatively, the foreign bank, instead of issuing a BG, can stand guarantee to the BG issued by the Indian Bank to the client in USA.
When was Bank Employees Federation of India created?
Bank Employees Federation of India was created in 1982.
When was Cyprus Union of Bank Employees created?
Cyprus Union of Bank Employees was created in 1955.
Who is a client of a bank?
If a person has any kind of account relationship with the bank, he will be termed as a customer or a client of the bank. It could be any account like say checking or loan or credit card or any kind or service the bank provides. If the person uses them, he becomes a customer/client of the bank.
