34.Section 77 of the principal enactment is hereby repealed and the following section substituted therefor:-
| 77.
| | (1) Every director, manager, officer or other person employed in the business of any licensed commercial bank or licensed specialised bank shall observe strict secrecy in respect of all transactions of the bank, its customers and the state of accounts of any person and all matters relating thereto and shall not reveal any such matter except-
| | | (a) when required to do so -
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| (b) in the performance of the duties of the director, manager, officer or other person; or |
| (c) in order to comply with any of the provisions of this Act or any other written law. |
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| | (2) Every director, manager, officer or person employed in the business of a licensed commercial bank or licensed specialised bank shall before entering upon the duties, sign a declaration pledging himself to observe strict secrecy in accordance with subsection (1). | | |
| | (3) The provisions of subsections (1) and (2) shall not prohibit a bank from providing in good faith to another bank on request an opinion or reference relating to a customer in accordance with customary banking practice.". | | |
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Sri Lanka Consolidated Acts