commercial banks in India and its relationship with changes in the banks' Non-Performing Assets (NPA) ratio. It is found that …-oriented accounting of the banks' assets. The analysis suggests that increased bank contagion associated with fair value accounting is …

defining and measuring fair value in India, the ICAI has introduced converged Indian Accounting Standards in line with IFRS …Of the 14 countries that have adopted IFRS for at least some (but not all) domestic publicly accountable entities …, India is one. Hence, India has finally adopted fair value measurement in its business reporting system. For the purpose of …