Nandhakumar & Sundaran
Chartered Accountants, Auditors

By: Nandhakumar & Sundaran | March 23, 2019

The Reserve Bank of India on Friday deferred the implementation of new accounting rules for banks till further notice. The Indian accounting standards or the Ind-As were proposed to be effective April 1, 2019. "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," the Central Bank said.


Source: https://cfo.economictimes.indiatimes.com/news/ind-as-implementation-for-banks-deferred-again/68528057 

Category: RBI 

Tags: News