Reserve Bank of India (Financial Statements - Presentation and Disclosures) Directions, 2021: Clarifications
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Posted Date : 21-Mar-2025 , 07:33:43
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RBI/2024-25/126
DOR.ACC.REC.No.66/21.04.018/2024-25
March 20, 2025
Madam / Sir,
Reserve Bank of India (Financial Statements - Presentation and Disclosures) Directions, 2021: Clarifications
The Reserve Bank has received queries and suggestions from banks and Indian Banks’ Association (IBA) on certain aspects of disclosures in the notes to accounts to the financial statements as well as on the notes and instructions for compilation of balance sheet specified in the Annex II Part A of the Reserve Bank of India (Financial Statements - Presentation and Disclosures) Directions, 2021.
2. The queries and suggestions received, and the clarifications thereof are enclosed in the Annex.
Applicability
3. These instructions are applicable to all commercial and cooperative banks for preparation of financial statements for the financial year ending March 31, 2025 and onwards.
4. The Reserve Bank of India (Financial Statements-Presentation and Disclosures) Directions, 2021 shall be updated suitably to reflect these changes.
Yours faithfully,
(Usha Janakiraman)
Chief General Manager-in-Charge
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Posted By: CASANSAAR | Category :
RBI |
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