SARFAESI Act, 2002
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Current affairsPSB Confluence 2026: High-Powered Banking Reforms Committee for Viksit Bharat — Deposit Mobilisation, Youth Banking, and GCC StrategyThe Department of Financial Services (DFS), Ministry of Finance, hosted the PSB Confluence 2026 in New Delhi on August 17–18, bringing together 125 senior leaders of Public Sector Banks and Public Financial Institutions. Finance Minister Nirmala Sitharaman called for actionable banking reforms under seven themes to feed into a proposed High-Powered Committee on Banking for Viksit Bharat. Current affairsBankers' Books Evidence Bill, 2026: India Repeals 135-Year-Old Colonial Banking LawThe Lok Sabha passed the Bankers' Books Evidence Bill, 2026 on 5 August 2026, repealing the 135-year-old Bankers' Books Evidence Act, 1891. The new law expands the definition of "bankers' books" to cover digital, cloud-based, and electronic records, and makes certified copies of such records admissible as prima facie evidence in courts, arbitrations, and regulatory investigations.