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 || SC: Dismissal, Being the Severest Punishment, Should be Imposed Only For Grave Misconduct || SC: Constructive Res Judicata Applies to Grounds Omitted Through Negligence or Inadvertence || Madras High Court: Honour Killing is a Shameful Act and an Extreme Manifestation of Casteism || Bombay High Court: Traditional Families Often Hesitate to Report Sexual Offences

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

Share :