Banking

In a big relief to banks, RBI defers Ind As implementation by a year

“However, the extension of one year would give more time to the banks for making proper processes for implementing the complex changes under Ind AS.

The deferment of Ind AS provides banks with more time to move their financial reporting processes that would have been significantly impacted due to Ind AS 109."

Ashish Gupta
Director, Grant Thornton Advisory Private Limited

This article appeared in The Hindu Business Line on 06th April, 2018.