RBI Master Direction on Financial Statements - Presentation and Disclosures

Last updated: 31 August 2021

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The Reserve Bank of India has issued a Master Direction consolidating all current guidelines for the presentation and disclosure of financial statements by commercial banks and primary (urban) cooperative banks. This aims to provide a single reference point for banks, harmonising existing instructions. Banks must also adhere to disclosures required by the applicable regulatory capital framework.

Reserve Bank of India

RBI/DOR/2021-22/83
DOR.ACC.REC.No.45/21.04.018/2021-22

August 30, 2021

All Commercial Banks and
Primary (urban) Cooperative Banks

Madam/ Dear Sir,

Master Direction on Financial Statements – Presentation and Disclosures

The Reserve Bank of India has, from time to time, issued several guidelines/instructions/directives to the banks on the presentation of financial statements, regulatory clarification on compliance with accounting standards, and disclosures in notes to accounts.

2. 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 at 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.

3. 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.

Yours faithfully,
-sd-

(Usha Janakiraman)
Chief General Manager

Please refer to the attached file for full notification

FAQ :

The Master Direction consolidates and updates existing guidelines on the presentation and disclosure of financial statements for banks, providing a single reference point.

This Master Direction applies to all Commercial Banks and Primary (urban) Cooperative Banks.

Yes, in addition to the disclosures in this Master Direction, Commercial Banks must also comply with disclosures specified under the applicable regulatory capital framework.

The Reserve Bank of India has issued this Direction under its powers conferred by section 35A and section 56 of the Banking Regulation Act, 1949.

Notification No : RBI/DOR/2021-22/83 DOR.ACC.REC.No.45/21.04.018/2021-22
Source : https://rbidocs.rbi.org.in/rdocs/notification/PDFs/83MDPRESENTATIONDISCLOSUREDADE5C12667549B5B123EC94C73FE5D1.PDF

Attached File : 322600_10695_83mdpresentationdisclosuredade5c12667549b5b123ec94c73fe5d1.pdf

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