What significant regulatory power does Clause 4 of the Bankers’ Books Evidence Bill, 2026, grant to the Central Government regarding the scope of the legislation?

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Direct Answer
Clause 4 is an enabling provision that allows the government to organically expand the uniform evidential framework beyond traditional banks to modern financial service providers
Entity Type Coverage under 2026 Bill
Traditional Banks / Post Offices Directly Covered by Default
NBFCs & Payment Aggregators Coverable via Central Govt Notification (Clause 4)
Fintech Companies Coverable via Central Govt Notification (Clause 4)