Priyal.v.sanghvi

name-priyal.v.sangvhi studying in F.Y.BCOM HLIC SUBJECT ARW TOPIC PIRANAHA DARGHA

indas

The government and the Reserve Bank of India (RBI) may postpone the implementation of new accounting standards for banks because of the legislative changes and additional capital requirements the process would entail, according to three senior officials familiar with the matter.

history

Banks and non-banking financial companies are due to switch to Indian Accounting Standards (IndAS) from 1 April 2018. They currently follow Indian generally accepted accounting principles (GAAP) standards. Other corporate entities started complying with IndAS with effect from 1 April 2016.

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