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RBI defers implementation of Ind AS by banks till further notice

March 23, 2019
76 Views
The commercial banks were required to implement Ind AS for preparation and presentation of their financial statements w.e.f. April 01, 2019. Now, RBI has deferred the implementation for an unlimited period of time pending necessary legislative amendments to the Banking Regulations Act, 1949. The amendments are under consideration of the Government of India.
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