eXtensible Business Reporting Language (XBRL) is an international benchmark for transacting business details between its related parties i.e. Analyst, Regulators, Agencies etc. XBRL is a dialect of XML (eXtensible Markup Language) which is preferred language for transferring data via internet universally. It provides a common format for business reporting under which how it is to be reported is taken into consideration.

KEYWORDS: XBRL, TAXONOMY,  Financial Reporting, RBI, IRDA.