The Reserve Bank of India has issued the Third Amendment Directions, 2026 to its Urban Co-operative Banks Financial Statements Presentation and Disclosures Directions, 2025, updating annual report disclosures on deposit insurance premium payments to the Deposit Insurance and Credit Guarantee Corporation. Urban co-operative banks must disclose that the applicable deposit insurance premium was paid to DICGC within prescribed timelines, and must also disclose any instances of delayed payment. The amended disclosure item covers both the payment of DICGC insurance premium and arrears in premium payment, and follows DICGC’s issuance of the Implementation of Risk Based Premium framework. The amendments take effect from April 1, 2026.
Reserve Bank of India 2026-03-16
Reserve Bank of India amends urban co-operative bank disclosure rules to require reporting on timely DICGC premium payments
The Reserve Bank of India has issued the Third Amendment Directions, 2026, updating disclosure requirements for Urban Co-operative Banks regarding deposit insurance premium payments to the Deposit Insurance and Credit Guarantee Corporation (DICGC). Banks must disclose timely payments and any delays in premium payments, aligning with DICGC's Risk Based Premium framework. The amendments are effective from April 1, 2026.