IFRS – Impact on Indian Banking Industry

  •  CA. Mohammad Firoz    
  •  A. Aziz Ansari    
  •  Kahkashan Akhtar    


The purpose of this paper is to analyze the impact of IFRS on the Indian banking industry after the implementation
on and after 01st April. 2011. This paper is based upon the critical analysis of financial statements of the Indian
banking industry, such as business per employee, Capital and reserve, Investments and advances, Net NPA Ratios,
and the impact thereon of relevant provisions of IFRS. The limitation of this paper is that it covers only the Indian
banking industry and excludes all other industries in India. This paper shows the areas in which Indian banking
industry is required to focus before and after the implementation of IFRS and their consequences on the financial
statements of the Bank.

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