| The Ministry of Finance has notified the implementation of the Bankers’ Books Evidence Act, 2026. The new law replaces the 1891 legislation governing the use of banking records as evidence.
Key Highlights:
- The Act received Presidential assent on 13 August 2026.
- It will come into force from 1 October 2026.
- The law provides a modern framework for using banking records as evidence.
- It recognises physical as well as electronic, digital, virtual and cloud-based banking records.
- It also covers backup and disaster-recovery records.
- The Act clarifies when courts can summon bank officials.
- If a bank is not a party to a case, the court will have to record a special cause for summoning its officials.
- The law brings the evidence framework in line with modern banking technology.
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