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IFRS – Impact on Indian Banking Industry

2011; Canadian Center of Science and Education; Volume: 6; Issue: 3 Linguagem: Inglês

10.5539/ijbm.v6n3p277

1833-8119

CA Mohammad Firoz, Abdul Aziz Ansari, Kahkashan Akhtar,

Financial Reporting and Valuation Research

The purpose of this paper is to analyze the impact of IFRS on the Indian banking industry after the implementationon and after 01st April. 2011. This paper is based upon the critical analysis of financial statements of the Indianbanking 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 Indianbanking industry and excludes all other industries in India. This paper shows the areas in which Indian bankingindustry is required to focus before and after the implementation of IFRS and their consequences on the financialstatements of the Bank.