Insights

Ind AS roadmap for banks, insurers/insurance companies and NBFCs

Deloitte Touche Tohmatsu India LLP has compiled this publication that sets out the significant features of the MCA press release regarding Roadmap drawn for implementation of Indian Accounting Standards (Ind AS) converged with International Financial Reporting Standards (IFRS) for Scheduled Commercial Banks (excluding RRBs), Insurers/ Insurance Companies and Non-Banking Finance Companies (NBFCs).

On 18 January 2016, the Ministry of Corporate Affairs (MCA) issued a press release setting out the dates of Ind AS applicability for banks, insurance companies and NBFCs. The notification/rules as required would be issued by MCA, RBI and IRDA in due course.

This publication, compiled by Deloitte Touche Tohmatsu India LLP, sets out the significant features of the MCA press release regarding Roadmap drawn for implementation of Indian Accounting Standards (Ind AS) converged with International Financial Reporting Standards (IFRS) for Scheduled Commercial Banks (excluding RRBs), Insurers/ Insurance Companies and Non-Banking Finance Companies (NBFCs).

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