The Reserve Bank of India (RBI) on February 15, 2023, issued a notification regarding an update in Master Direction on Financial Statements - Presentation and Disclosures.
A Master Direction incorporating, updating, and where required, harmonizing across the banking sector the extant guidelines/instructions/directives on the subject has been prepared to enable banks to have all current instructions on presentation and disclosure in financial statements in one place for reference. However, it may be noted that in addition to these disclosures, Commercial Banks shall comply with the disclosures specified under the applicable regulatory capital framework.
Reserve Bank of India has issued this Direction in the exercise of its powers conferred under section 35A and section 56 of the Banking Regulation Act, 1949, and all the powers enabling it on this behalf.
[Notification No. RBI/DOR/2021-22/83 DOR.ACC.REC.No.45/21.04.018/2021-22]
