Circular No. DOR.ACC.REC.No.443/21.04.018/2025-26, Dated: 16.03.2026
The Reserve Bank of India (RBI) has amended the financial statement presentation and disclosure directions across various categories of banks to introduce specific disclosure requirements relating to Deposit Insurance and Credit Guarantee Corporation (DICGC) insurance premium payments.
The amendment aligns disclosures with the Implementation of the Risk-Based Premium (RBP) framework.
1. Mandatory Disclosure Requirement
Banks are now required to disclose in their annual financial statements/reports:
- Whether the DICGC insurance premium has been paid within the prescribed timelines, or
- Details of any delay in payment, if applicable
This disclosure requirement enhances transparency regarding compliance with deposit insurance obligations.
2. Alignment with Risk-Based Premium Framework
The amendment is in line with the Risk-Based Premium (RBP) framework, under which insurance premiums payable by banks to DICGC may vary based on their risk profile.
The disclosure ensures that stakeholders are informed about:
- Timely compliance with premium payment obligations
- Adherence to regulatory requirements under the RBP framework
3. Applicability Across Bank Categories
The revised disclosure norms apply across multiple categories of banks, ensuring uniform reporting standards throughout the banking sector.
4. Effective Date
The amendments will come into effect from 1 April 2026.
5. Objective of the Amendment
The revised directions aim to:
- Enhance transparency in financial reporting
- Strengthen regulatory oversight and compliance monitoring
- Provide stakeholders with insights into timeliness of DICGC premium payments
- Support effective implementation of the Risk-Based Premium framework
Overall, the amendment reinforces accountability in deposit insurance compliance and improves the quality of disclosures in bank financial statements.
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