IDBI Bank Limited — Results, 07-08-2025: Reply to Clarification- Financial results

IDBI Bank has issued a clarification concerning its financial reporting. In response to a query from the exchange, the bank clarified that as a banking institution, it operates under distinct accounting requirements. This means IDBI Bank is not obligated to follow specific financial statement formats stipulated in Schedule III of the Companies Act, 2013, a rule that applies to many other companies. This exemption is a specific provision for banking firms under the Companies Act.

Furthermore, the bank provided clarity on its approach to Indian Accounting Standards (Ind-AS), including IND AS 28 and IND AS 110. It highlighted that the Reserve Bank of India (RBI) has deferred the implementation of Ind-AS for all banks until further notice. Consequently, banking companies like IDBI Bank are not currently required to adopt these specific accounting standards. This communication serves to explain the framework underlying the bank's financial disclosures to the regulatory authorities.