New Delhi, Aug. 3 -- The government on Monday introduced a bill to strengthen the existing provisions to meet the requirements of the present banking system through a legal framework that recognises digital banking records and aligns the law with contemporary banking practices.

According to the Statement of Objects and Reasons of the Bill, the existing law was enacted at a time when banking records were maintained only in physical form and no longer reflects the technological changes that have transformed the banking sector.

The Bankers' Books Evidence Bill, 2026, expands the definition of "bankers' books" to include records maintained in both physical and electronic forms. It also covers records stored in digital media, cloud locations...