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Payments Banks: Remuneration Disclosure Paragraph Deleted

Current · Source: Reserve Bank of India · official publication, rbi.org.in · ~1 min read
Quick answerRBI has deleted the requirement for payments banks to disclose remuneration details in their financial statements, effective April 1, 2027. This simplifies reporting by removing paragraph 10(11) from the 2025 Directions.
The rule, in the simplest words
How it plays out — a real example

Ravi, the CFO of a payments bank, is updating the FY2027-28 financial statement template. He removes the section on 'Key Management Personnel Remuneration' from the notes, as per the new direction, saving his team a week of data collection and review.

What changed

The Reserve Bank of India (Payments Banks – Financial Statements: Presentation and Disclosures) Second Amendment Directions, 2026 removes paragraph 10(11) on remuneration disclosures from the 2025 Directions. This change follows the issuance of the Small Finance Banks prudential norms amendment on Basel Pillar 3 disclosures. The deletion takes effect from April 1, 2027.

What it means for you

Payments banks no longer need to include separate remuneration disclosures in their financial statements, reducing compliance burden. This aligns with broader regulatory streamlining after similar changes for small finance banks. Banks should update their reporting templates and ensure no remuneration data is inadvertently included in financial statement notes from FY2027-28 onward.

What you must do

Who it affects

Payments banks in India, Finance and compliance teams of payments banks, Auditors reviewing payments bank financial statements

❓ Common questions

When does this amendment take effect?

The deletion of remuneration disclosures applies from April 1, 2027, meaning financial statements for FY2027-28 and onwards will not require these disclosures.

Why was this disclosure removed?

RBI states it is consequent to the issuance of the Small Finance Banks prudential norms amendment on Basel Pillar 3 disclosures, indicating a broader alignment of reporting requirements.

Does this affect other disclosure requirements for payments banks?

No, only paragraph 10(11) on remuneration disclosures is deleted. All other presentation and disclosure requirements under the 2025 Directions remain unchanged.

🧰 Tools — save, print, templates & related
Most relevant forTeller / Cashier / Customer Service OfficerPersonal Banker / Branch RM (Portfolio)Branch Sales / CASA Acquisition OfficerBranch Manager — Private Bank / SFBBranch Manager — PSU / Co-op / RRB (sanctioning powers)Branch Operations (Accounts / FD / CASA)
🛠 Banker’s toolkit — checklists & reply templates →
Who does what — compliance checklist
💻 IT / Systems
  • Update internal reporting templates and software to exclude paragraph 10(11) disclosures.
📜 Compliance
  • Remove remuneration disclosure requirements from your financial statement preparation checklists for periods starting April 1, 2027.
  • Brief your finance and compliance teams on the deletion and effective date.
  • Monitor RBI notifications for any further clarifications or transitional guidance.
Grouped from the action items above — a single circular may involve more than one team.
Worked example & action-note template

Example: if you are a Compliance officer at a bank this circular applies to (Payments banks in India, Finance and compliance teams of payments banks, Auditors reviewing payments bank financial statements), your first concrete step on “Payments Banks: Remuneration Disclosure Paragraph Deleted” is: “Remove remuneration disclosure requirements from your financial statement preparation checklists for periods starting April 1, 2027.”.

  1. Circular: https://www.rbi.org.in/scripts/NotificationUser.aspx?Id=13651&Mode=0 -- Payments Banks: Remuneration Disclosure Paragraph Deleted
  2. Issued: 31 Jul 2026, 04:18 IST
  3. Action required: Remove remuneration disclosure requirements from your financial statement preparation checklists for periods starting April 1, 2027.
  4. Action required: Update internal reporting templates and software to exclude paragraph 10(11) disclosures.
  5. Action required: Brief your finance and compliance teams on the deletion and effective date.
  6. Action required: Monitor RBI notifications for any further clarifications or transitional guidance.
  7. Owner: ____________ Target date: ____________
  8. Board/committee approval needed? Y / N
  9. Evidence filed in compliance register on: ____________
Built only from this circular’s own published fields — not legal advice; always confirm against the official RBI source.

💬 Banker Discussion

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BankPulse Compliance Evidence Pack — generated 31 Jul 2026 · status cross-checked against RBI’s official withdrawal register (refreshed weekly).
Official RBI source: https://www.rbi.org.in/scripts/NotificationUser.aspx?Id=13651&Mode=0 — Plain-English summary by BankPulse (bankpulse.ai), reviewed by our expert reviewer, CA Amit Jain. Independent platform, not affiliated with the Reserve Bank of India; is our own plain-English paraphrase, not RBI’s original wording.
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