The Reserve Bank of India issued amendments to its Directions on presentation and disclosures in small finance banks’ financial statements, updating the annual report disclosure requirements for deposit insurance premium payments to the Deposit Insurance and Credit Guarantee Corporation (DICGC). The change follows DICGC’s issuance of the Implementation of Risk Based Premium (RBP) Framework. Under the revised requirement, a small finance bank must disclose in its annual report that the applicable deposit insurance premium was paid to DICGC within the prescribed timelines, and must also disclose where payment was not made within the required timelines. The related format covers both the current year and previous year, including payment of the DICGC insurance premium and any arrears. The amendments take effect from April 1, 2026.
Reserve Bank of India 2026-03-16
Reserve Bank of India amends small finance bank financial statement disclosures on DICGC deposit insurance premium payments
The Reserve Bank of India has amended its Directions on financial statement disclosures for small finance banks, requiring annual report disclosure of deposit insurance premium payments to the Deposit Insurance and Credit Guarantee Corporation (DICGC). Banks must report timely payments and any delays for both the current and previous years. These changes align with the DICGC's Risk Based Premium Framework and take effect from April 1, 2026.