The Reserve Bank of India has issued amendment directions updating the presentation and disclosure requirements for payments banks’ financial statements, focusing on how deposit insurance premium payments to the Deposit Insurance and Credit Guarantee Corporation (DICGC) are reported. The amendments revise the annual report disclosure under “Payment of DICGC Insurance Premium” to require a statement that the applicable deposit insurance premium was paid to DICGC within the prescribed timelines. Where the premium is not paid within the required timelines, the bank must disclose that fact, alongside year-on-year figures for premium payments and any arrears. The changes take effect from 1 April 2026.
Reserve Bank of India 2026-03-16
Reserve Bank of India amends payments banks financial statement disclosures to require reporting of timely DICGC insurance premium payments from 1 April 2026
The Reserve Bank of India has amended disclosure requirements for payments banks' financial statements, focusing on deposit insurance premium payments to the Deposit Insurance and Credit Guarantee Corporation (DICGC). Banks must now disclose timely payment of premiums to DICGC and report any delays, including year-on-year figures and arrears.