On October 6, 2008 the Deputy Governor of the Reserve Bank of India, Shri V Leeladhar, launched its XBRL based Electronic Filing System for Basel II reporting by banks. This filing system, which is a deployment of IRIS’ iFile solution for XBRL enabled filing, will be used by banks across India to submit their Return on Capital Adequacy Returns data.

The system is now being extended to facilitate reporting on fortnightly returns on Gaps, Positions, Balances, Assets & Liabilities and Annual Financials Returns. iFile, IRIS’ XBRL enabled workflow solution, is both modular and scalable, and can be rapidly customized and deployed to meet the specific reporting and workflow requirements of various banking regulatory environments. The solution has been adapted to accommodate extensive use of dimensions.

With the adoption of iFile by the Reserve Bank of India, IRIS has established its step in the XBRL space in the banking domain.

To know more about XBRL and the services that IRIS has to offer, visit www.irisindia.net/xbrl.php