Banking · Banker-Customer Relationship
Read the statements and select the correct option: Assertion (A): A banker is under a legal obligation to maintain the secrecy of a customer's account details and cannot disclose them to any third party under any circumstances without a written court order from a High Court or the Supreme Court of India. Reason (R): The relationship between a banker and a customer is fiduciary in nature, and the Right to Privacy is a fundamental right under Article 21 of the Constitution of India.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A is false but R is true.✓
- 2A is true but R is false.
- 3Both A and R are true but R is not the correct explanation of A.
- 4Both A and R are true and R is the correct explanation of A.
Correct answer
A is false but R is true.
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