As we know that India has adopted policy of convergence with IFRSs keeping in view the requirements of change and transition necessary to be followed by Indian companies and regulatory bodies. In this context, consider the following:
- Insurance companies
- Banking companies
- Non-banking finance companies
Which among the following is the correct order in which they have been mandated to start following the converged Indian Accounting Standards?
shashi dwivedi
May 19, 2011 at 6:11 amdear sir in question no 4 i confused saving bank rate is decided by commercial bank
because different banks have different fixed deposit rate
admin
May 19, 2011 at 12:23 pmSaving Banks are not decided by the Commerical Banks as of now. Interest rates on FDs is different from the saving bank account.
Tejash
May 19, 2011 at 10:45 amvery useful
prakash jajoo
March 2, 2012 at 2:28 pmi am satfication good
thankku