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AIFIs to submit balance sheets, consolidated prudential reports- (Reserve Bank of India) (23 Jun 2016)

MANU/RMIC/0102/2016

Banking

RBI introduced the Reserve Bank of India (Financial Statements of All India Financial Institutions - Presentation, Disclosure and Reporting) Directions, 2016, effective from quarter ending December 2016.

The Master Direction mandates AIFIs prepare a balance-sheet and profit and loss account as on the last working day of the year for all business transacted. Institutions will also have to submit half-yearly Consolidated Prudential Reports encompassing all entities under their control.

Tags : ALL INDIA FINANCIAL INSTITUTIONS DISCLOSURE BALANCE SHEET YEARLY

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