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If the banks follow the International Financial Reporting Standards (IFRS) properly then the banks’ asset will be eroded by 40 per cent due to the carry-over classified loans, said Md Hamid Ullah Bhuiyan, chairman of Financial Reporting Council (FRC).

Hamid ullah bhuiyanBabu aliZiaur rahmanFinancial reporting councilInternational financial reporting standardsCapital market journalist forumMarket journalist forumIf the banks follow international financial reporting standardsAnks assetArry over classified loansD hamid ullah bhuiyanFinancial reporting council