Question
A Digital Banking Segment, for the purpose of
disclosure under Accounting Standard 17 (AS-17), is a sub-segment of the existing which segment?Solution
A Digital Banking Segment, for the purpose of disclosure under Accounting Standard 17 (AS-17), is a sub-segment of the existing ‘Retail Banking’ Segment which will now be sub-divided into (i) Digital Banking and (ii) Other Retail Banking. The business involving digital banking products acquired by DBUs or existing digital banking products would qualify to be clubbed under this segment.
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