Privacy Statement
In the course of using this
website or availing the products and services vide the online application forms
and questionnaires, Karnataka Bank may become privy to the personal information
of its Customers, including information that is of a confidential nature.
Karnataka Bank is strongly
committed to protecting the privacy of its Customers and has taken all
reasonable measures to protect the confidentiality of the Customer information
and its transmission through the world wide web and it shall not be held liable
in any manner for disclosure of the confidential information in accordance with
this Privacy Commitment or in terms of the agreements, if any, with the
Customers or by reasons beyond its control.
Karnataka Bank endeavours to
safeguard and ensure the security of the information provided by the
Customer. Karnataka Bank uses 128-bit encryption, for the transmission of
the information, which is currently the permitted maximum level of encryption in
India. The Customer would be required to cooperate with the Karnataka Bank
in order to ensure the security of the information, and it is recommended that
the Customers use 128-Bit encryption and must necessarily choose their passwords
carefully such that no unauthorized access is made by a third party. To
make the password complex and difficult for other to guess, the Customers should
use a combination of alphabets, numbers and special characters like !, @, #, $
etc. The Customers should not disclose their password(s) to anyone or keep
any written or other record of the password(s) such that a third party could
access it.
Karnataka Bank undertakes not to
disclose the information provided by the Customers to any person, unless such
action is necessary to: -
a)
Conform to legal requirements or comply with legal process:
b)
Protect and defend Karnataka Bank’s rights, interests or property;
c)
Enforce the terms and conditions of the products or services; or
d) Act to
protect the interests of Karnataka Bank, or its members, or of other
persons.
e) The
Customer authorizes Karnataka Bank to exchange, share, part with all information
related to the details and transaction history of the Customers to banks /
financial institutions / credit bureaus / agencies / participation in any
telecommunication or electronic clearing network as may be required by law,
customary practice, credit reporting, statistical analysis and credit scoring,
verification or risk management and shall not hold Karnataka Bank liable for use
or disclosure of this information.
The Customers shall not disclose
to any other person, in any manner whatsoever, any information relating to
Karnataka Bank of a confidential nature obtained in the course of availing the
services through the website. Failure to comply with this obligation shall
be deemed a serious breach of the terms herein and shall entitle Karnataka Bank
to terminate the services, without prejudice to recover any damages, to which
the Customer may be liable.
Karnataka Bank will limit the
collection and use of Customer information only on a need-to-know basis to
deliver better service to the Customers. Karnataka Bank may use and share
the information provided by the Customers and third parties for providing
services, and notifying or contacting the Customers regarding any problem with,
or the expiration of, such services.
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