Implementation of Indian Accounting Standards deferred by RBI

The Reserve Bank of India (RBI) has deferred the implementation of new accounting rules, Indian Accounting Standards (Ind AS) for banks till further notice. This is the second extension provided by the RBI. Earlier in April 2018, RBI had postponed ..

Month: Current Affairs - March, 2019

Deposit Insurance in India

The idea behind the Deposit Insurance is to boost the faith of the public in the banking system, and provide protection against the loss of deposits to a significant extent. In India, the bank deposits are covered under the insurance ..