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The Reserve Bank of India amends the Directions on financial statements for payments banks. The amendment removes the requirement for payments banks to provide disclosures on remuneration. This change follows updates to Basel Pillar 3 disclosure norms for small finance banks. The amendment takes effect on April 1, 2027.
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RBI/DOR/2026-27/209 DOR.ACC.REC.No.187/21.04.018/2026-27 July 30, 2026
Reserve Bank of India (Payments Banks – Financial Statements: Presentation and Disclosures) Second Amendment Directions, 2026
Please refer to the Reserve Bank of India (Payments Banks – Financial Statements: Presentation and Disclosures) Directions, 2025 (hereinafter referred to as 'the Directions').
On a review, consequent to the issuance of the Reserve Bank of India (Small Finance Banks - Prudential Norms on Capital Adequacy) Fifth Amendment Directions, 2026, pertaining to Basel Pillar 3 disclosures, and in exercise of the powers conferred by the section 35A 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 specified.
These Directions shall be called the Reserve Bank of India (Payments Banks Presentation and Disclosures) Second Amendment Directions, 2026.
The Amendment Directions modify the Directions as under:
Paragraph 10(11) on disclosures on remuneration shall stand deleted.
(Sunil T S Nair) Chief General Manager
