India, Sept. 11 -- The Government of India has issued a release:
The Government has consistently pursued reforms to strengthen the banking and financial sector, promote ease of doing business and modernise the legal and regulatory framework in line with the evolving needs of the economy. With banking practices and technology evolving rapidly, laws governing banking records also need to keep pace with these changes.
The Bankers' Books Evidence Act, 2026, which received the assent of the President on 13th August 2026, replaces the Bankers' Books Evidence Act, 1891 and provides for a modern framework for the use of banking records as evidence in line with contemporary banking practices.
The notification dated 10th September 2026 (Gazette No...