Disclosure (Pillar 3) :
Pillar 3 aims primarily at disclosure of a bank’s risk profile and capital adequacy. It is recognised that the Pillar 3 disclosure framework does not conflict with requirements under accounting standards, which are broader in scope. The banks in India have to follow Pillar 3 disclosure over and above the RBI master circular on “Disclosure in Financial Statements – Notes to Accounts”. Information would be regarded as material if its omission or misstatement could change or influence the assessment or decision of a user relying on that information. Pillar 3 disclosures will be required to be made by the individual banks on a standalone basis when they are not the top consolidated entity in the bank.
Latest posts by Tina Saha (see all)
- Seeks to exempt supply from PSU to PSU from applicability of provisions relating to TDS. - November 28, 2018
- Income–tax (Twelfth Amendment) Rules, 2018 - November 28, 2018
- Central Government hereby establishes an Appellate Tribunal at New Delhi to hear appeals against the orders of the Adjudicating Authority under the said Act - November 28, 2018