Regulatory Alerts2026-07-30
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Reserve Bank of India (Small Finance Banks – Governance) Third Amendment Directions, 2026
The Reserve Bank of India substitutes Paragraph 55(3)(ii)(f) to require that share-linked instruments be included as variable pay, fair valued using the Black-Scholes model on the grant date, and expensed from the approval period, with details disclosed per specified prudential and financial statement directions. Paragraph 55(7) is amended to mandate annual disclosure of remuneration for Whole Time Directors, Managing Director & Chief Executive Officer, and Managing Directors & Risk Officers in Annual Financial Statements. These amendments apply to Small Finance Banks and come into force on April 1, 2027.
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