The Reserve Bank of India (RBI), on November 28, 2025, issued the Reserve Bank of India (Regional Rural Banks – Financial Statements: Presentation and Disclosures) Directions, 2025.
The following has been amended namely:-
• Chapter-II, which states, “Balance Sheet and Profit and Loss Account”,:- Format of the Balance Sheet and Profit and Loss Account 4. In terms of the provisions of Section 29 of the Banking Regulation Act, 1949 (BR Act, 1949), a bank shall in respect of all business transacted by it prepare a balance sheet and profit and loss account as on the last working day of the year or the period, as the case may be, in the Forms set out in the Third Schedule of the BR Act, 1949. In exercise of the powers conferred by Section 29(4) of the BR Act, 1949, the Government of India has specified the Forms in the Third Schedule, vide notification S.O.240(E) dated March 26, 1992, published in the Gazette of India. These are reproduced in Annexe I to these Directions.
• Notes and instructions for compilation:- A bank shall follow the general instructions for the compilation of the balance sheet and profit and loss account as specified in subparagraph (1) below. A bank shall ensure strict compliance with the Accounting Standards notified under the Companies (Accounting Standards) Rules, 2021, as amended from time to time, subject to Directions / Guidelines issued by the RBI.
[Notification no. RBI/DOR/2025-26/265 DOR.ACC.REC.No.184/21.04.018/2025-26]
