New Delhi, Sept. 13 -- The new law replaces the Bankers' Books Evidence Act, 1891 and updates rules for the use of banking records as evidence in legal proceedings.

The Act recognises banking records maintained in physical, electronic, digital, virtual and cloud-based forms.

It also simplifies the certification of banking records through manual, digital or electronic signatures.

The law provides greater clarity on when bank officials can be summoned by courts in cases where the bank is not a party to the proceedings.

The Act received Presidential assent on August 13, 2026.

Published by HT Digital Content Services with permission from New Delhi Times....