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Banks may incur loan losses with IFRS: KPMG

NEW DELHI: The proposed convergence of Indian accounting norms with the international standards is likely to impact available capital with banks as it will result in higher loan losses, says consultancy firm KPMG. “Application of International Financial Reporting Standards (IFRS) may result in higher loan losses and impairment charges, thereby impacting available capital and capital adequacy ratios,” Russell Parera, CEO, KPMG, said in a report.

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Banks may incur loan losses with IFRS: KPMG

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