An Indian security guard stands at the entrance of the Reserve Bank of India head office in Mumbai. The RBI has delayed implementing the new accounting rules. AFP
An Indian security guard stands at the entrance of the Reserve Bank of India head office in Mumbai. The RBI has delayed implementing the new accounting rules. AFP

Banking

Delay in accounting rules spares Indian banks from inflating bad loans

Deferred for a second time, the regulations were due to come into effect at the start of a new fiscal year on April 1

Bloomberg

March 23, 2019