RBI issues notice for Deferral of Implementation of Indian Accounting Standards (Ind AS)

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RBI/2018-2019/146

www.rbi.org.in

DBR.BP.BC.No.29/21.07.001/2018-19March 22,​​ 2019

 

All Scheduled Commercial Banks (excluding Regional Rural Banks)

 

Madam / Dear Sir,

 

Deferral of Implementation of Indian Accounting Standards (Ind AS)

 

Please refer to paragraph 3 of the​​ Statement on Developmental and Regulatory​​ Policies​​ issued with the First Bi-monthly Monetary Policy 2018-19 on April 5, 2018, wherein the implementation of Ind AS was deferred by one year pending necessary legislative amendments to the Banking Regulation Act, 1949 as also the level of preparedness of many banks.

2. The legislative amendments recommended by the Reserve Bank are under consideration of the Government of India. Accordingly, it has been decided to defer the implementation of Ind AS till further notice.

 

Yours​​ faithfully,

 

 

(Saurav​​ Sinha)

Chief General Manager-in-Charge

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

​​  ​​​​ नयमन ​​​​ वभाग,​​ द्र ​​​​ ायार्, ​​​​ 12 ​​​​ ीं ​​​​ और ​​​​ 13 ​​​​  ​​​​ ंिजल, ​​​​ ​​ द्र ​​​​ यार्लय ​​​​ भव, ​​​​  ​​​​  ​​​​ ंह ​​​​ माग,र्​​ फोटर्,मंबई-400001​​ दरभाष: 022-22601000​​ फैक्स: 022-22705691​​ -मेल:​​ cgmicdbr@rbi.org.in

Department of Banking Regulation, Central Office, 12th​​ and 13th​​ Floor, Central Office Building, Shahid Bhagat Singh Marg, Fort, Mumbai- 400 001 Tel: 022- 2260 1000 Fax: 022-2270 5691 email:​​ cgmicdbr@rbi.org.in

​​ ​​ आस​​ ​​ ​​ ​​ ​​ ​​ प्रोग​​ ​​ 

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