On which of the following Date a Bank publishes its balance sheet ?
Q. On which of the following Date a Bank publishes its balance sheet ?
Answer: March 31
Notes: The financial year of India begins from April 1 of a calendar year and ends on March 31 of the next calendar year. This system has been into existence since the British Raj in India. Hence, Banks in India publish their financial statements / balance sheets for March 31st of every year.

 

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