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 payment of tax under section 5(4) of the IGST Act, 2017 till 30.06.2018. - March 23, 2018
- Seeks to exempt payment of tax under section 9(4) of the CGST Act, 2017 till 30.06.2018. - March 23, 2018
- Seeks to prescribe the due dates for filing FORM GSTR-3B for the months of April to June, 2018 - March 23, 2018