AP HP Criticized Authorities and Ordered Removal of an Ex-Serviceman’s Land From the Prohibited List  ||  Kerala High Court Upheld the Conviction of a Madrasa Teacher in a Child Sexual Assault Case  ||  Gauhati High Court: Pending Criminal Case Cannot Indefinitely Delay an MBBS Pass Certificate  ||  SC Took Suo Motu Action and Directed Odisha to Aid a Visually Impaired Man and His Mother  ||  Whether a Life-Threatening Rescue by Cop Can be Treated as Routine Duty, Madhya Pradesh HC Clarifies  ||  Madhya Pradesh HC: Officer Cannot Oversee Department Conducting Disciplinary Proceedings Against Him  ||  Madras High Court: POCSO Act Does Not Exempt Romantic Relationships Involving Minors  ||  SC Upholds Haryana Rule Delaying Aid to Kin Accused of Murdering Government Employees  ||  Supreme Court: Lokayukta Special Police is Not Exempt From RTI as an Intelligence Body  ||  Supreme Court: Curable Irregularity in Appointments Cannot Nullify Entire Recruitment Process    

Timeframe for implementation of Ind AS for scheduled commercial banks- (Ministry of Corporate Affairs) (11 Feb 2016)

MANU/RMIC/0022/2016

Banking

The Reserve Bank of India notified scheduled commercial banks are required to comply with Indian Accounting Standards (Ind AS) for accounting periods beginning 1 April, 2018. Ind AS shall be applicable to both standalone financial statements and consolidated financial statements. It can be applied only as per timelines specified and advance adoption is not permitted.

Tags : INDIAN ACCOUNTING STANDARDS   COMMERCIAL BANKS   IMPLEMENTATION  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved