High-Risk UPI Transactions May Soon Require a ‘Yes-No’ Confirmation

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Indian banks have reportedly proposed introducing a simple “Yes-No” confirmation prompt for high-risk UPI person-to-person (P2P) transfers as an additional safeguard against rising digital payment frauds. The proposal seeks to strike a balance between maintaining UPI’s hallmark speed and convenience while providing customers with an opportunity to verify suspicious transactions before funds are credited to…

Bankers’ Books Evidence Bill, 2026: What Banks, Courts, and Customers Should Know

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The introduction of the Bankers’ Books Evidence Bill, 2026 in Parliament marks a significant milestone in the modernization of India’s banking and legal framework. Introduced in the Lok Sabha, the Bill seeks to replace the Bankers’ Books Evidence Act, 1891, a colonial-era legislation that has governed the admissibility of bank records in judicial proceedings for…