From which date does the Bankers' Books Evidence Act, 2026 come into force?
- A.13 August 2026
- B.10 September 2026
- C.1 October 2026
- D.1 April 2027
Correct answer
Explanation
The correct answer is 1 October 2026. The Ministry of Finance says a notification appointed that day as the date on which the provisions of the Act take effect. Option A is the trap most often set on this item, since that is the day the President gave assent to the Act; assent and commencement are separate steps and a law may take effect weeks or months after it is assented to. Option B is the other trap, because that is the date of the gazette notification itself, which fixed the commencement date rather than starting the Act. Option D is wrong because no such date appears anywhere in the release. For the examination hall, hold the three dates in order as a single chain: assent in August, notification in September and commencement in October, all in the same year. Questions are set on each of the three links.
Read the full article: Bankers' Books Evidence Act 2026 in Force from 1 October
Practice Questions
The Bankers' Books Evidence Act, 2026 replaces a law of which year?
- A.1872
- B.1881
- C.1891
- D.1949
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The release states that the new Act replaces the Bankers' Books Evidence Act of that year and provides a modern framework for the use of banking records as evidence in keeping with the way banks work now.
Read the full explanation →Under the new Act, what must a court do before summoning a bank official when the bank is not a party to the case?
- A.Obtain the approval of the Reserve Bank of India
- B.Record a special cause in writing
- C.Give the bank a notice of thirty days
- D.Refer the matter to the Ministry of Finance
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The release says the Act brings greater clarity on the summoning of bank officials in proceedings where the bank is not itself a party, and that a special cause has to be recorded in writing by the court before such a summons is issued.
Read the full explanation →On which stock exchanges is the equity share capital of the acquirer listed?
- A.Only the National Stock Exchange of India
- B.Only the Bombay Stock Exchange
- C.The Bombay Stock Exchange and the National Stock Exchange of India
- D.The Calcutta Stock Exchange and the Bombay Stock Exchange
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Kotak Mahindra Bank is described as a scheduled commercial bank licensed by the central bank to carry on banking business, with its equity share capital listed on both these exchanges.
Read the full explanation →Which regulator approved the acquisition of a part of Deutsche Bank India business by Kotak Mahindra Bank?
- A.Securities and Exchange Board of India
- B.Reserve Bank of India
- C.Competition Commission of India
- D.Insurance Regulatory and Development Authority of India
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The competition regulator cleared the proposed combination, which covers both the purchase of the target business and the related referral arrangements between affiliates of the two sides.
Read the full explanation →Which business of Deutsche Bank in India is being acquired by Kotak Mahindra Bank?
- A.Corporate and investment banking
- B.Retail, private banking and wealth management
- C.Custody and fund accounting
- D.Treasury and foreign exchange dealing room
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The target business is precisely the retail banking and private banking segment together with the wealth management arm that the seller runs through its branches in India, and it is moving as a going concern on a slump sale basis.
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