Paper Details

Name: Satish Kumar K, Lokanadha Reddy M & M Subramanyam
Country: India

Year: 2025
Volume: Volume No: 12, Issue No: 2, Year: 2025 (Special Issue)
Page Number: 148-158
DOI: https://doi.org/10.5281/zenodo.17898174

ABSTRACT:
This review is on the integration of the government, educational and technological policy to
enhance the timeliness and transparency in the financial reporting in the Indian banking
industry. The issue of uniform implementation of these changes still persists with regards to
the community and the privately sector banks even after the major regulatory changes as
included in the Financial Sector Legislative Reforms Commission (FSLRC), Indian
Accounting Standards (Ind AS) and Basel III Regulations. The regulation by the government
has indeed gone a long way in aligning the financial reporting, but loopholes still prevail
particularly in expediency of reporting.
Another area the review examines is the nature of the financial literacy programs and
education programs that are directed towards equipping banking practitioners with the skills
and capabilities that they can use in addressing the evolving reporting standards. Although
these programs have been successful in enhancing regulatory knowledge, the coverage of
financial literacy programs has not been uniform with rural communities and smaller banks
having huge obstacles to coverage. Introducing financial literacy into the university curricula
may help close these gaps and create a new generation of professionals who will be able to
adhere to high reporting standards.
Increased accuracy, timeliness, and transparency in financial reporting have been
demonstrated to be possible with technological innovations, such as artificial intelligence
(AI), blockchain, and cloud computing. There has been however an uneven adoption of such
technologies so that larger urban banks have benefited more than their rural counterparts. To
close this divide, it is necessary to provide specific assistance to technology integration in
smaller and local banks.
This paper demonstrates the importance of the holistic strategy that would include the
adoption of more robust enforcement of regulatory policies, further financial literacy
services, and the application of the technological tools on a large scale. The next round of
research must be based on the empirical research to determine the direct effects of these
interventions on the financial reporting performance and investigate how these strategies,
when applied together, may yield a greater effect on the overall transparency of the Indian
banking industry and its resilience.
Keywords: Financial Reporting, Timeliness, Transparency, Government Policies, Financial
Literacy, Technology Integration, Indian Banking Sector, Basel III, Artificial Intelligence.