meta_id 2971007

On March 16, 2026, the Reserve Bank of India (RBI) issued the Reserve Bank of India (Payments Banks – Financial Statements: Presentation and Disclosures) Amendment Directions, 2026, modifying disclosure requirements for payments banks under the Banking Regulation Act, 1949. The amendment was prompted by the Deposit Insurance and Credit Guarantee Corporation (DICGC) implementation of its Risk Based Premium (RBP) Framework on February 6, 2026. The RBI modified paragraph 10(12)(vi) of the existing Directions to enhance transparency regarding deposit insurance premium payments. Under the amended requirements, payments banks must now disclose in their annual reports that deposit insurance premiums applicable were paid to DICGC within prescribed timelines. Where a bank has failed to meet required payment timelines, it must also disclose such arrears in its annual report. This disclosure requirement applies to both the current year and previous year figures in the financial statements. The amendment applies specifically to payments banks operating in India and affects their financial reporting and disclosure obligations. The enhanced disclosure requirements aim to improve transparency and accountability in deposit insurance premium payments, aligning with the DICGC's risk-based premium framework implementation. The amendment directions come into force on April 1, 2026. Payments banks must ensure compliance with these revised disclosure requirements in their annual financial statements prepared on or after this effective date. **Reference:** Reserve Bank of India Notifications, March 16, 2026: Reserve Bank of India (Payments Banks – Financial Statements: Presentation and Disclosures) Amendment Directions, 2026 (RBI/DOR/2025-26/245)