The Reserve Bank of India issued the Reserve Bank of India (Urban Co-operative Banks – Financial Statements: Presentation and Disclosures) – Third Amendment Directions, 2026 through circular dated March 16, 2026. The amendment updates disclosure requirements related to deposit insurance premium payments by urban co-operative banks. The revision follows the implementation of the Risk Based Premium (RBP) Framework introduced on February 6, 2026 by the Deposit Insurance and Credit Guarantee Corporation. Exercising powers under Sections 35A and 56 of the Banking Regulation Act, 1949, the RBI modified paragraph 10(11)(vi) of the Directions. Under the revised provision, banks must disclose in their annual reports whether the applicable deposit insurance premium has been paid to DICGC within the prescribed timelines. If payment has not been made within the required timeframe, the delay or arrears must also be disclosed. The amendment seeks to improve transparency and regulatory compliance in financial reporting by urban co-operative banks and will take effect from April 1, 2026.
Reserve Bank of India
RBI/DOR/2025-26/248
DOR.ACC.REC.No.443/21.04.018/2025-26 | Dated: March 16, 2026
Reserve Bank of India (Urban Co-operative Banks – Financial Statements: Presentation and Disclosures) – Third Amendment Directions, 2026
Please refer to the Reserve Bank of India (Urban Co-operative Banks – Financial Statements: Presentation and Disclosures) Directions, 2025 (hereinafter referred to as ‘the Directions’).
2. On a review, consequent to the issuance of the Implementation of Risk Based Premium (RBP) Framework dated February 6, 2026, by the Deposit Insurance and Credit Guarantee Corporation (DICGC), and in exercise of the powers conferred by the section 35A read with Section 56 of the Banking Regulation Act, 1949 and all other laws enabling the Reserve Bank of India (hereinafter called the Reserve Bank) in this regard, the Reserve Bank being satisfied that it is necessary and expedient in the public interest so to do, hereby issues the Amendment Directions hereinafter
3. The Amendment Directions modify paragraph 10(11)(vi) as under:
10(11)(vi) Payment of DICGC Insurance Premium
| Sr. No. | Particulars | Current Year | Previous Year |
| i) | Payment of DICGC Insurance Premium | ||
| ii) | Arrears in payment of DICGC premium |
A bank shall disclose in the annual report that ‘deposit insurance premium as applicable was paid to DICGC within the prescribed timelines’. In case the bank has not paid as per the required timelines, the same shall also be disclosed.
4. The above amendments shall come into force from April 1,
(Sunil T S Nair)
Chief General Manager
