iCreate: Enhancing Usability & Transparency of Financial Information

A large number of Financial Institutions in India are waking up to a new era of financial reporting submission to Reserve Bank of India (RBI). As per RBI circular 199 and 1134, dated 14 August 2008 and 20 January 2009, all financial institutions would now have to submit the financial returns in an XBRL format for which taxonomies have been released by RBI.

The online XBRL submission of regulatory reports is actually an extension by RBI of its return automation system, Automated Data Flow

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