IND AS 109: Its impact on Financial Statements

Deepak Ranjan Sahoo, Vaishali Kisan Jagtap


In the era where the banks and the financial institutions are struggling with bad loans and advances RBI is coming with various plans and schemes with a view to assimilate the bad loans. The scheme like structuring of projects loans under the 5:25, Strategic debt restructuring (SDR) scheme for sustainable structuring of stressed assets and corporate debt restructuring helping banks as well as financial institutions to limit fresh slippage to Non-performing assets(NPA’s) from large corporate exposure. Recently the RBI has come out with revised prompt curative actions framework for banks and financial institutions and bringing out certain edges, the breach of which could invite resolutions such as merger with another bank even shutting down. The purpose of the study is to clarified the consequences of modification of debt from borrower’s perspective and conceptual explanation of the same.


Modification of Debt, Strategic Debt restructuring, Extinguishment of debt and IND AS 109

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