(1) No person, of whatever designation, participating in the direction, administration, control and the running of the Bank shall disclose any written or oral information which he has obtained by virtue of any function of his under this Act, unless he is otherwise called upon to give evidence in a court of competent jurisdiction or to fulfil any obligation imposed by law or in the discharge of any such function.

(2) Any person who contravenes this section shall be guilty of an offence and shall, on summary conviction, be liable to imprisonment for a term of five (but not less than five) years.