meta_id 3366841

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.