Parliament has passed The Bankers' Books Evidence Bill, 2026, replacing the 1891 British-era Act. The new law allows digital and virtual records as admissible evidence, aligning banking evidence with modern practices. It also enables the government to extend the framework to NBFCs and fintech firms via notification.
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- ›Bill Name: The Bankers' Books Evidence Bill, 2026
- ›Lok Sabha Passage: August 5, 2026
- ›Target this Data: August 10, 2026 (Rajya Sabha passage) & August 5, 2026 (Lok Sabha passage)
- ›Target this Nodal Body: Ministry of Finance (Finance Minister moved the bill)
- ›Target this Legal Point: Clause 4 – Central Government can extend the Act to other regulated financial entities
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