This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Reserve Bank of India to address IFRS implementation issues in banking sector

  • India Image

22 Jul 2010

The Reserve Bank of India has set up a working group to address "...implementation issues and facilitate formulation of operational guidelines in the context of International Financial Reporting Standards (IFRSs) convergence for the Indian banking system."

The group will address the following issues:

  • Classification and measurement of financial assets
  • Classification and measurement of financial liabilities and hedge accounting, including balance sheet issues of corporates and their implications.
  • Amortised cost and impairment
  • Fair value measurement
  • Presentation, disclosures and balance sheet formats
  • Derecognition, consolidation and residuary issues
Click here to view the press release.

 

Related Topics

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.