The draft amendment directions for Commercial Banks and Small Finance Banks, intends to align Pillar 3 disclosure norms more closely with the Basel Framework. It introduce comprehensive norms on assurance of Pillar 3 data, requiring board approved disclosure policies, internal controls, and written attestation by Whole Time Directors. RBI has emphasized five guiding principles for disclosures, i.e. clarity, comprehensiveness, meaningfulness, consistency, and comparability, while mandating banks to maintain a dedicated ‘Regulatory Disclosure Section, on their websites with archives for at least ten years. It also revises leverage ratio disclosure norms and updates disclosure templates and tables under Annex III.
(Link: RBI Press Release Dated 19/05/2026, Draft CBs and SFBs,)