Section 82F: Power to call for information

82F. Power to call for information.-- The Banking Mohtasib shall have the power for purposes of disposing a case, to require a bank to disclose to him any information subject to the following conditions:-- (a) The Banking Mohtasib shall make every endeavour to ensure that banking confidentiality is maintained as required by banking law and procedure and shall take no action which is violative there of. (b) The Banking Mohtasib may call for any or all such documents which are relevant or pertinent for purposes of deciding a complaint: Provided that he shall not be entitled to call for unrelated documents or documents which may compromise the bank`s position in relation to other customers : Provided further that in cases where the Banking Mohtasib is investigating case of corruption, he shall have a greater latitude in relation to the inspection of documents. (c) In the event of a bank refusing to furnish information, or copies of relevant documents, the Banking Mohtasib shall not be authorised to compel the bank to comply with his order but he may draw an adverse inference and comment on the same in his findings.

Effective date: 1962-06-07

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