The Reserve Bank of India has issued amendments to its directions on the presentation and disclosure of commercial banks’ financial statements, introducing an explicit annual report disclosure on whether deposit insurance premium due to the Deposit Insurance and Credit Guarantee Corporation (DICGC) was paid within prescribed timelines. The changes, made following DICGC’s Implementation of Risk Based Premium (RBP) Framework, revise the disclosure requirement in paragraph 10(14)(vii) to cover both payment of DICGC insurance premium and any arrears. Banks must state in the annual report that the applicable deposit insurance premium was paid to DICGC within the prescribed timelines, and where payments were not made within the required timelines, that fact must be disclosed. The amendments take effect from April 1, 2026.
Reserve Bank of India 2026-03-16
Reserve Bank of India updates commercial bank annual report disclosures on timely payment of DICGC deposit insurance premiums
The Reserve Bank of India has amended its guidelines on commercial banks' financial statement disclosures, requiring explicit annual report statements on the timely payment of deposit insurance premiums to the Deposit Insurance and Credit Guarantee Corporation (DICGC). These changes, effective April 1, 2026, follow the DICGC's implementation of a Risk Based Premium Framework and mandate disclosure of any payment arrears.