The Securities and Exchange Board of India (Sebi) is likely to give listed banks a breather by making quarterly segment reporting applicable to them from the quarter ended March 31, 2002.
This is in view of the difficulties faced by these banks in complying with the requirements of segment reporting under the Accounting Standard 17 issued by the Institute of Chartered Accountants of India (ICAI).
The markets watchdog had on July 17, 2001, notified that listed companies would be required to furnish segment-wise revenue, results and capital employed in their quarterly financial results with effect from the quarters ending on or after September 30, 2001.
Segment reporting, which is a corporate governance tool aimed at enhancing a company
