The bank can keep the entire details of the customer and can share it with others The bank can keep the basic details as required by the regulator and maintain confidentiality This document contains 59 multiple choice questions related to data privacy policies and identifying potential privacy breaches. Some key points covered include: - Sharing customer or employee … This means the bank can only retain basic customer details as required by regulatory authorities for compliance and reporting purposes. The bank is not permitted to keep or share the entire details of … · 37 A customer has closed his relationship with the bank. In this case: A The bank has to delete all the information pertaining to the customer B The bank can keep the entire details of the … · The bank is responsible to keep all the information and details of the customers safe and secure. Even though the information is confidential, the information can be disclosed to government … Option A: The bank must delete all customer information, which is unlikely due to regulatory requirements. Option B: The bank can retain and share all customer details, which violates privacy … The customer has the right to shut his demand deposit account for any reason, including a change of domicile or dissatisfaction with the banker's service, and the banker is obligated to comply with this … · In this case, the bank can keep the basic details as required by the regulator and maintain confidentiality, option c. When a customer closes their relationship with the bank, the bank … If the banker determines that the customer is no longer a desirable customer, he has the authority to end the relationship. When a customer is found guilty of handling his account in an unsatisfactory … Master Circulars (1554 kb) Master Circular on Customer Service in Banks