The Reserve Bank of India has issued amended directions for rural co-operative banks’ financial statement presentation and disclosures, updating what banks must report in their annual reports about deposit insurance premium payments to the Deposit Insurance and Credit Guarantee Corporation (DICGC). The amendment revises the disclosure under paragraph 10(11)(v) on “Payment of DICGC Insurance Premium”, requiring banks to disclose that the applicable deposit insurance premium was paid to DICGC within the prescribed timelines. Where payment was not made within the required timelines, this must also be disclosed, alongside the disclosure items for the current year and previous year, including arrears in payment of DICGC premium. The changes take effect from 1 April 2026 and follow DICGC’s issuance of the Implementation of Risk Based Premium framework dated 6 February 2026.
Reserve Bank of India 2026-03-16
Reserve Bank of India updates rural co-operative banks’ annual report disclosures on DICGC insurance premium payments from 1 April 2026
The Reserve Bank of India has amended directions for rural co-operative banks regarding financial statement presentation and disclosures. Banks must now report on deposit insurance premium payments to the Deposit Insurance and Credit Guarantee Corporation (DICGC), including adherence to payment timelines and any arrears. These changes, effective 1 April 2026, align with DICGC's Risk Based Premium framework issued on 6 February 2026.