Finance Minister presents bill to update century-old banking legislation
On Monday, Finance Minister Nirmala Sitharaman tabled the Bankers' Books Evidence Bill, 2026, in the Lok Sabha. This proposed legislation aims to supersede the Bankers' Books Evidence Act of 1891, which has been in place for 135 years. The new bill broadens the scope of what constitutes bankers' books to encompass digital, physical, electronic, cloud-based, and various other record formats, bringing the legal framework in line with contemporary banking operations.
by shortkt.com✓