RBI Circular 92/2026 Dated 18/05/2026 – Amendments to RBI Local Area Banks Financial Statements, Presentation and Disclosures Directions

The amendments clarify the meaning of ‘Revenue Reserve’, stating that it includes all reserves other than capital reserves and excludes provisions made for depreciation, asset diminution, renewals, or known liabilities. It also substitutes the disclosure format relating to ‘Movement of provisions for non-performing investments (NPIs)’, requiring banks to disclose opening balances, provisions made during the year, write-offs or write-backs, and closing balances. 

(Link: RBI Circular 92/2026 Dated 18/05/2026)

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