RBI issues notice for Deferral of Implementation of Indian Accounting Standards (Ind AS)
DBR.BP.BC.No.29/21.07.001/2018-19 March 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
ब�कं ग �व�नयमन �वभाग,क� द्र�य कायार्लय, 12 वीं और 13 वीं मंिजल, क� द्र�य कायार्लय भवन, शह�द भगत �संह माग,र् फोटर्,मंुबई-400001 दरभाष: 022-22601000 फैक्स: 022-22705691 ई-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
�हंद� आसान है इसका प्रयोग बढ़ाइए
