Regulations
BSE mandates filing of financial results through XBRL format
New Delhi, Stock market major BSE on Wednesday said that all listed entities on its platform need to file their financial results in 'XBRL' mode, in addition to 'PDF' format.
 
XBRL is a data-rich language for transmitting information via the Internet. It was developed specifically to communicate information between businesses and other users of financial information, such as analysts, investors and regulators. 
 
"It has been decided that with effect from April 01, 2017 onwards, all listed entities with BSE, would be required to make their filings in respect of financial results in XBRL mode within 24 hours of submission of results in PDF mode," the stock exchange major said in a statement.
 
"BSE became the first stock exchange in India to introduce and implement XBRL based reporting. BSE has provided a tool to all listed companies to convert their data (excel) files into XBRL files, free of cost."
 
According to bourse, listed companies are required to file their financial results in 'PDF' format through the newly launched CAFS system and follow this up with the XBRL filing within a maximum of 24 hours of submission of results through CAFS mode.
 
Earlier, BSE had asked all listed companies to file their disclosures regarding important listing regulations like shareholding pattern, corporate governance report and voting results using XBRL format.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

User

COMMENTS

p venkateswara

2 weeks ago

BANK PEOPLE ARE VERY BUSY IN SELLING INSURANCE PRODUCTS & MUTUAL FUNDS, THEY ARE GETTING GOOD COMMISSION YEAR BY YEAR. ANY ZONAL MEETINGS OR INERNAL MEETING AGENDA IS GET BUSINESS FOR TEH ABOVE PRODUCTS. THE APRAISAL FOR STAFF IS BASING ONE THIS. IF YOU WANT A LOCKER OR ANY LOAN PAPER IS TO MOVE, YOU GAVE TO BUY A INSURANCE FROM THEM. THE MAIN THEME OF BANKING SYSTEM IS CHANGED.

p venkateswara

2 weeks ago

BANK PEOPLE ARE VERY BUSY IN SELLING INSURANCE PRODUCTS & MUTUAL FUNDS, THEY ARE GETTING GOOD COMMISSION YEAR BY YEAR. ANY ZONAL MEETINGS OR INERNAL MEETING AGENDA IS GET BUSINESS FOR TEH ABOVE PRODUCTS. THE APRAISAL FOR STAFF IS BASING ONE THIS. IF YOU WANT A LOCKER OR ANY LOAN PAPER IS TO MOVE, YOU GAVE TO BUY A INSURANCE FROM THEM. THE MAIN THEME OF BANKING SYSTEM IS CHANGED.

p venkateswara

2 weeks ago

BANK PEOPLE ARE VERY BUSY IN SELLING INSURANCE PRODUCTS & MUTUAL FUNDS, THEY ARE GETTING GOOD COMMISSION YEAR BY YEAR. ANY ZONAL MEETINGS OR INERNAL MEETING AGENDA IS GET BUSINESS FOR TEH ABOVE PRODUCTS. THE APRAISAL FOR STAFF IS BASING ONE THIS. IF YOU WANT A LOCKER OR ANY LOAN PAPER IS TO MOVE, YOU GAVE TO BUY A INSURANCE FROM THEM. THE MAIN THEME OF BANKING SYSTEM IS CHANGED.

p venkateswara

2 weeks ago

BANK PEOPLE ARE VERY BUSY IN SELLING INSURANCE PRODUCTS & MUTUAL FUNDS, THEY ARE GETTING GOOD COMMISSION YEAR BY YEAR. ANY ZONAL MEETINGS OR INERNAL MEETING AGENDA IS GET BUSINESS FOR TEH ABOVE PRODUCTS. THE APRAISAL FOR STAFF IS BASING ONE THIS. IF YOU WANT A LOCKER OR ANY LOAN PAPER IS TO MOVE, YOU GAVE TO BUY A INSURANCE FROM THEM. THE MAIN THEME OF BANKING SYSTEM IS CHANGED.

p venkateswara

2 weeks ago

BANK PEOPLE ARE VERY BUSY IN SELLING INSURANCE PRODUCTS & MUTUAL FUNDS, THEY ARE GETTING GOOD COMMISSION YEAR BY YEAR. ANY ZONAL MEETINGS OR INERNAL MEETING AGENDA IS GET BUSINESS FOR TEH ABOVE PRODUCTS. THE APRAISAL FOR STAFF IS BASING ONE THIS. IF YOU WANT A LOCKER OR ANY LOAN PAPER IS TO MOVE, YOU GAVE TO BUY A INSURANCE FROM THEM. THE MAIN THEME OF BANKING SYSTEM IS CHANGED.

p venkateswara

2 weeks ago

BANK PEOPLE ARE VERY BUSY IN SELLING INSURANCE PRODUCTS & MUTUAL FUNDS, THEY ARE GETTING GOOD COMMISSION YEAR BY YEAR. ANY ZONAL MEETINGS OR INERNAL MEETING AGENDA IS GET BUSINESS FOR TEH ABOVE PRODUCTS. THE APRAISAL FOR STAFF IS BASING ONE THIS. IF YOU WANT A LOCKER OR ANY LOAN PAPER IS TO MOVE, YOU GAVE TO BUY A INSURANCE FROM THEM. THE MAIN THEME OF BANKING SYSTEM IS CHANGED.

p venkateswara

2 weeks ago

BANK PEOPLE ARE VERY BUSY IN SELLING INSURANCE PRODUCTS & MUTUAL FUNDS, THEY ARE GETTING GOOD COMMISSION YEAR BY YEAR. ANY ZONAL MEETINGS OR INERNAL MEETING AGENDA IS GET BUSINESS FOR TEH ABOVE PRODUCTS. THE APRAISAL FOR STAFF IS BASING ONE THIS. IF YOU WANT A LOCKER OR ANY LOAN PAPER IS TO MOVE, YOU GAVE TO BUY A INSURANCE FROM THEM. THE MAIN THEME OF BANKING SYSTEM IS CHANGED.

p venkateswara

2 weeks ago

BANK PEOPLE ARE VERY BUSY IN SELLING INSURANCE PRODUCTS & MUTUAL FUNDS, THEY ARE GETTING GOOD COMMISSION YEAR BY YEAR. ANY ZONAL MEETINGS OR INERNAL MEETING AGENDA IS GET BUSINESS FOR TEH ABOVE PRODUCTS. THE APRAISAL FOR STAFF IS BASING ONE THIS. IF YOU WANT A LOCKER OR ANY LOAN PAPER IS TO MOVE, YOU GAVE TO BUY A INSURANCE FROM THEM. THE MAIN THEME OF BANKING SYSTEM IS CHANGED.

p venkateswara

2 weeks ago

BANK PEOPLE ARE VERY BUSY IN SELLING INSURANCE PRODUCTS & MUTUAL FUNDS, THEY ARE GETTING GOOD COMMISSION YEAR BY YEAR. ANY ZONAL MEETINGS OR INERNAL MEETING AGENDA IS GET BUSINESS FOR TEH ABOVE PRODUCTS. THE APRAISAL FOR STAFF IS BASING ONE THIS. IF YOU WANT A LOCKER OR ANY LOAN PAPER IS TO MOVE, YOU GAVE TO BUY A INSURANCE FROM THEM. THE MAIN THEME OF BANKING SYSTEM IS CHANGED.

p venkateswara

2 weeks ago

BANK PEOPLE ARE VERY BUSY IN SELLING INSURANCE PRODUCTS & MUTUAL FUNDS, THEY ARE GETTING GOOD COMMISSION YEAR BY YEAR. ANY ZONAL MEETINGS OR INERNAL MEETING AGENDA IS GET BUSINESS FOR TEH ABOVE PRODUCTS. THE APRAISAL FOR STAFF IS BASING ONE THIS. IF YOU WANT A LOCKER OR ANY LOAN PAPER IS TO MOVE, YOU GAVE TO BUY A INSURANCE FROM THEM. THE MAIN THEME OF BANKING SYSTEM IS CHANGED.

p venkateswara

2 weeks ago

BANK PEOPLE ARE VERY BUSY IN SELLING INSURANCE PRODUCTS & MUTUAL FUNDS, THEY ARE GETTING GOOD COMMISSION YEAR BY YEAR. ANY ZONAL MEETINGS OR INERNAL MEETING AGENDA IS GET BUSINESS FOR TEH ABOVE PRODUCTS. THE APRAISAL FOR STAFF IS BASING ONE THIS. IF YOU WANT A LOCKER OR ANY LOAN PAPER IS TO MOVE, YOU GAVE TO BUY A INSURANCE FROM THEM. THE MAIN THEME OF BANKING SYSTEM IS CHANGED.

p venkateswara

2 weeks ago

BANK PEOPLE ARE VERY BUSY IN SELLING INSURANCE PRODUCTS & MUTUAL FUNDS, THEY ARE GETTING GOOD COMMISSION YEAR BY YEAR. ANY ZONAL MEETINGS OR INERNAL MEETING AGENDA IS GET BUSINESS FOR TEH ABOVE PRODUCTS. THE APRAISAL FOR STAFF IS BASING ONE THIS. IF YOU WANT A LOCKER OR ANY LOAN PAPER IS TO MOVE, YOU GAVE TO BUY A INSURANCE FROM THEM. THE MAIN THEME OF BANKING SYSTEM IS CHANGED.

p venkateswara

2 weeks ago

BANK PEOPLE ARE VERY BUSY IN SELLING INSURANCE PRODUCTS & MUTUAL FUNDS, THEY ARE GETTING GOOD COMMISSION YEAR BY YEAR. ANY ZONAL MEETINGS OR INERNAL MEETING AGENDA IS GET BUSINESS FOR TEH ABOVE PRODUCTS. THE APRAISAL FOR STAFF IS BASING ONE THIS. IF YOU WANT A LOCKER OR ANY LOAN PAPER IS TO MOVE, YOU GAVE TO BUY A INSURANCE FROM THEM. THE MAIN THEME OF BANKING SYSTEM IS CHANGED.

p venkateswara

2 weeks ago

BANK PEOPLE ARE VERY BUSY IN SELLING INSURANCE PRODUCTS & MUTUAL FUNDS, THEY ARE GETTING GOOD COMMISSION YEAR BY YEAR. ANY ZONAL MEETINGS OR INERNAL MEETING AGENDA IS GET BUSINESS FOR TEH ABOVE PRODUCTS. THE APRAISAL FOR STAFF IS BASING ONE THIS. IF YOU WANT A LOCKER OR ANY LOAN PAPER IS TO MOVE, YOU GAVE TO BUY A INSURANCE FROM THEM. THE MAIN THEME OF BANKING SYSTEM IS CHANGED.

p venkateswara

2 weeks ago

BANK PEOPLE ARE VERY BUSY IN SELLING INSURANCE PRODUCTS & MUTUAL FUNDS, THEY ARE GETTING GOOD COMMISSION YEAR BY YEAR. ANY ZONAL MEETINGS OR INERNAL MEETING AGENDA IS GET BUSINESS FOR TEH ABOVE PRODUCTS. THE APRAISAL FOR STAFF IS BASING ONE THIS. IF YOU WANT A LOCKER OR ANY LOAN PAPER IS TO MOVE, YOU GAVE TO BUY A INSURANCE FROM THEM. THE MAIN THEME OF BANKING SYSTEM IS CHANGED.

Four held for cheating banks over Rs 2,240 cr
New Delhi, The CBI has arrested four directors of Delhi-based Surya Vinayak Industries Ltd for cheating a consortium of banks over Rs 2,240 crore, an agency official said on Wednesday. A court sent them to ten day CBI custody.
 
Sanjay Jain, Rajiv Jain, Rohit Chaudhary and Sanjeev Agarwal have been arrested on the complaint of the Punjab National Bank, said the Central Bureau of Investigation (CBI) official.
 
It was alleged that the accused fraudulently used more than 100 shell companies for the diversion of bank funds.
 
The official said that there was no genuine business between the firm run by the accused and the shell companies.
 
"The firm also diverted Rs 376 crore out of the working capital limit obtained by the consortium of banks to six foreign subsidiaries based at Singapore, Hong Kong, China, Indonesia, Dubai and Ghana," he said.
 
They were presented before Chief Metropolitan Magistrate Sumit Dass who allowed CBI to quiz them till April 22.
 
The CBI told the court that accused custodial interrogation is required to recover the cheated amount. It also told court that accused are required to be confronted with one another to unearth the entire conspiracy.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

User

COMMENTS

K V RAO

2 weeks ago

Also banks follow up system is defective.Banks are not capable of physical inspection of stocks and assets.Their financial follow up is also quite tardy with corporates doctoring the financials.The outcome is pile up of bad assets like this. Too management and the board that sanctions should be held accountable.Group or committee approach to credit approvals takes away accountability.

K V RAO

2 weeks ago

Also banks follow up system is defective.Banks are not capable of physical inspection of stocks and assets.Their financial follow up is also quite tardy with corporates doctoring the financials.The outcome is pile up of bad assets like this. Too management and the board that sanctions should be held accountable.Group or committee approach to credit approvals takes away accountability.

K V RAO

2 weeks ago

Banks particularly public sector ones have very poor credit appraisal system in place.Consortium member banks simply copy appraisal memo prepared by the leader without an independent due diligence study

SRINIVAS SHENOY

2 weeks ago

I hope the bank will be in a position to recover the entire loan amount. Hope the management and staff are not involved in this huge fraud and proper procedures and systems of the bank were observed while disbursing the amount. I hope it does not turn to be a sticky NPA account, eventually resulting in the hapless bank depositors paying increased service charges.

Infosys net profit flat in fourth quarter
Bengaluru, Software major Infosys has posted a Rs 3,603 crore consolidated net profit for the fourth quarter (January-March) of fiscal 2016-17, registering flat (0.2 per cent) year-on-year (YoY) growth from Rs 3,597 crore year ago.
 
Sequentially, however, net profit has declined 2.8 per cent from Rs 3,708 crore posted in the third quarter (October-December) of FY 2017.
 
In a regulatory filing to the BSE on Thursday, the IT major said consolidated revenue for the quarter under review (Q4) increased 3.4 per cent YoY to Rs 17,120 crore from Rs 16,550 crore in the same period year ago but flat sequentially (0.9 per cent) from Rs 17,273 crore quarter ago.
 
Under the International Financial Reporting Standard (IFRS), net income grew 1.8 per cent YoY to $543 million in Q4 from $533 million in like period year ago but flat (0.8 per cent) sequentially from $547 million quarter ago.
 
Gross revenue, however, increased 5 per cent YoY in Q4 to $2,569 million from $2,446 million in the same period year ago but flat (0.7 per cent) sequentially from $2,551 million quarter ago.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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