The Exchange had sought clarification from IDBI Bank Limited for the quarter ended 31-Mar-2025 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: -1. Financial results submitted is not as per format prescribed under Schedule III of the Companies Act, 2013 or as per Indian Accounting Standard The response of the Company is enclosed.
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NSE asked IDBI Bank to clarify why its Q4 FY25 financial results did not follow the format prescribed under Schedule III of the Companies Act, 2013 or Indian Accounting Standards. The bank replied on July 15, 2025, stating that under the proviso to Section 129(1) of the Companies Act, banking companies are exempt from Schedule III formats. It also noted that the Reserve Bank of India, through a March 22, 2019 circular, has deferred the implementation of Ind-AS for banks until further notice. Therefore, IDBI Bank maintains that the format used is appropriate for a banking entity. The exchange has been asked to acknowledge the response and place it on record.
This is a routine regulatory clarification with no financial or operational impact on the bank. Shareholders should not expect any change in reported numbers or business outlook from this exchange.