Parliament passes The Bankers' Books Evidence Bill, 2026
The Indian Parliament has passed The Bankers' Books Evidence Bill, 2026, to modernize legal standards for digital banking records. The legislation allows electronic financial records to be admissible in court and provides a framework for regulating various fintech and non-banking financial entities.
Why it matters
This update aligns legal evidence standards with the modern digital economy, ensuring that fintech and digital banking transactions are legally enforceable and secure.
The Rajya Sabha on Monday (August 10, 2026) passed a Bill that seeks to replace a British-era law, paving the way for the inclusion of digital and virtual records as admissible evidence in a court of law, in line with the banking system's digital dependence.
The Bankers' Books Evidence Bill, 2026, already passed by the Lok Sabha on August 5, seeks to provide for law relating to evidence with respect to bankers' books and to align it with contemporary digital banking practices.
The Bill was passed in the upper house by a voice vote.
Replying to a debate on the Bill, Finance Minister Nirmala Sitharaman said the banking and financial sector has evolved significantly in this country over the past few decades with the emergence of NBFCs, payment aggregators, fintech companies and other service providers, having a pan-India presence.
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