The amendment modifies financial statement disclosure requirements for payments banks, which is a core regulatory reporting obligation under RBI supervision.
Mandatory inheritance: Regulatory Reporting is a child of Supervision, so Supervision must be raised as the secondary tag.
Product
This update concerns regulatory disclosure and financial reporting requirements for payments banks in India, which does not map directly to any specific retail product type in the taxonomy; the taxonomy focuses on consumer-facing financial products rather than institutional regulatory compliance frameworks.
Payments banks offer transaction and payment services similar to basic banking functions, but the update addresses only disclosure and reporting obligations rather than the product itself or its features.
Obligation
The amendment modifies prescribed financial statement disclosure requirements for payments banks by deleting a specific remuneration disclosure obligation, which is a direct change to mandated information provision to regulators.
The amendment affects how payments banks must prepare and present their financial statements, which involves recordkeeping and retention practices tied to the revised disclosure framework, though this is secondary to the primary disclosure modification.
Activity
This update concerns regulatory amendments to financial statement disclosure and presentation requirements for payments banks, which is primarily an accounting and prudential reporting obligation rather than a core business activity.
While payments banks do execute payments and remittances as their core function, this update focuses narrowly on financial disclosure compliance rather than the operational execution of payment services themselves.
Themes
The amendment modifies financial statement disclosure requirements for payments banks, which relates to transparency obligations, though the specific deletion of remuneration disclosure is narrow and institutional rather than customer-facing.
The amendment stems from broader prudential norm updates and maintains consistency with Basel Pillar 3 capital adequacy frameworks, reflecting prudential regulatory alignment, though the specific change is disclosure-focused rather than substantive prudential content.
Functions
The amendment directly requires payments banks to modify their financial statement preparation and disclosure practices, which falls under finance and treasury's responsibility for regulatory capital accounting treatment and financial reporting obligations.
Compliance functions must interpret and monitor adherence to the revised disclosure requirements and ensure the firm's financial reporting processes align with the amended directions by the April 1, 2027 effective date.
2026-07-31 09:26:54·pthandapani@vixio.com
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Notifications - Reserve Bank of India
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TITLE: India's Reserve Bank Amends Payments Banks Financial Statement Disclosure Requirements
BODY:
On July 30, 2026, the Reserve Bank of India (RBI) issued the Reserve Bank of India (Payments Banks – Financial Statements: Presentation and Disclosures) Second Amendment Directions, 2026, modifying existing disclosure requirements for payments banks operating in India.
The amendment follows the RBI's issuance of the Reserve Bank of India (Small Finance Banks - Prudential Norms on Capital Adequacy) Fifth Amendment Directions, 2026, which introduced changes to Basel Pillar 3 disclosure requirements. In response to these broader prudential norm updates, the RBI reviewed and amended the payments banks financial statement directions to maintain consistency across regulatory frameworks. The key modification deletes Paragraph 10(11) of the original Directions, which previously required payments banks to disclose information on remuneration. This deletion streamlines disclosure obligations for payments banks by removing the specific remuneration disclosure requirement that was previously mandated under the financial statements presentation and disclosure framework.
The amendment applies to all payments banks licensed and operating under RBI supervision. Payments banks, which are a category of bank focused on payments and remittances services with restrictions on lending and deposit-taking activities, will need to adjust their financial reporting processes accordingly.
The amendment comes into force on April 1, 2027, providing payments banks with a transition period to align their financial statement preparation and disclosure practices with the revised requirements.
**Reference:**
Reserve Bank of India. (2026). Reserve Bank of India (Payments Banks – Financial Statements: Presentation and Disclosures) Second Amendment Directions, 2026. RBI/DOR/2026-27/209.
Notifications - Reserve Bank of India Skip to main content Selected Selected Change Language हिंदी Search the Website Search Notifications ( 212 kb ) Reserve Bank of India (Payments Banks – Financial Statements: Presentation and Disclosures) Second Amendment Directions, 2026 RBI/DOR/2026-27/209 DOR.ACC.REC.No.187/21.04.018/2026-27 July 30, 2026 Reserve Bank of India (Payments Banks – Financial Statements: Presentation and Disclosures) Second Amendment Directions, 2026 Please refer to the Reserve Bank of India (Payments Banks – Financial Statements: Presentation and Disclosures) Directions, 2025 (hereinafter referred to as 'the Directions'). 2. On a review, consequent to the issuance of the Reserve Bank of India (Small Finance Banks - Prudential Norms on Capital Adequacy) Fifth Amendment Directions, 2026 , pertaining to Basel Pillar 3 disclosures, and in exercise of the powers conferred by the section 35A of the Banking Regulation Act, 1949 and all other laws enabling the Reserve Bank of India (hereinafter called the Reserve Bank) in this regard, the Reserve Bank being satisfied that it is necessary and expedient in the public interest so to do, hereby issues the Amendment Directions hereinafter specified. 3. These Directions shall be called the Reserve Bank of India (Payments Banks Presentation and Disclosures) Second Amendment Directions, 2026. 4. The Amendment Directions modify the Directions as under: Paragraph 10(11) on disclosures on remuneration shall stand deleted. 5. The above amendments shall come into force from April 1, 2027. (Sunil T S Nair) Chief General Manager 2026 All Months January February March April May June July August September October November December 2025 All Months January February March April May June July August September October November December 2024 All Months January February March April May June July August September October November December 2023 All Months January February March April May June July August September October November December 2022 All Months January February March April May June July August September October November December 2021 All Months January February March April May June July August September October November December 2020 All Months January February March April May June July August September October November December 2019 All Months January February March April May June July August September October November December 2018 All Months January February March April May June July August September October November December 2017 All Months January February March April May June July August September October November December Archives 2016 All Months January February March April May June July August September October November December 2015 All Months January February March April May June July August September October November December 2014 All Months January February March April May June July August September October November December 2013 All Months January February March April May June July August September October November December 2012 All Months January February March April May June July August September October November December 2011 All Months January February March April May June July August September October November December 2010 All Months January February March April May June July August September October November December 2009 All Months January February March April May June July August September October November December 2008 All Months January February March April May June July August September October November December 2007 All Months January February March April May June July August September October November December 2006 All Months January February March April May June July August September October November December 2005 All Months January February March April May June July August September October November December 2004 All Months January February March April May June July August September October November December 2003 All Months January February March April May June July August September October November December 2002 All Months January February March April May June July August September October November December 2001 All Months January February March April May June July August September October November December 2000 All Months January February March April May June July August September October November December 1999 All Months January February March April May June July August September October November December 1998 All Months January February March April May June July August September October November December 1997 All Months January February March April May June July August September October November December 1996 All Months January February March April May June July August September October November December 1995 All Months January February March April May June July August September October November December 1994 All Months January February March April May June July August September October November December 1993 All Months January February March April May June July August September October November December 1992 All Months January February March April May June July August September October November December 1991 All Months January February March April May June July August September October November December Top Back to previous page