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of <h1>RBI Delays Ind AS Implementation for Scheduled Commercial Banks Due to Pending Legislative Amendments and Bank Readiness Concerns.</h1> The Reserve Bank of India (RBI) has decided to defer the implementation of Indian Accounting Standards (Ind AS) for all scheduled commercial banks, excluding regional rural banks, until further notice. This decision follows the deferral announced in the First Bi-monthly Monetary Policy of 2018-19, which was due to pending legislative amendments to the Banking Regulation Act, 1949, and the readiness of banks to adopt the new standards. The recommended legislative changes by the RBI are still under consideration by the Government of India.
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