Regulatory Alerts2026-05-18
Added · Updated
Reserve Bank of India (Local Area Banks – Financial Statements: Presentation and Disclosures) Third Amendment Directions, 2026
The Directions amend the Reserve Bank of India (Local Area Banks - Financial Statements: Presentation and Disclosures) Directions, 2025, effective from the date of issue. They substitute the notes and instructions for 'Revenue and Other Reserves' in the table under paragraph 5(1) to define 'Revenue Reserve' as any reserve other than Capital Reserve, excluding amounts retained for depreciation, renewals, asset diminution, or known liabilities. Additionally, paragraph 10(3)(vi) is substituted to require the disclosure of the movement of provisions for non-performing investments (NPIs), including opening balances, provisions made, write-offs, and closing balances for current and previous years.
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