Question
Under Section 43 of the RBI Act, 1934, the Bank is
required to publish a consolidated statement showing the aggregate liabilities and assets of all scheduled banks at what frequency?Solution
Section 43 requires the Bank to cause to be published each fortnight a consolidated statement showing the aggregate liabilities and assets of all the scheduled banks together, based on the returns and information received under the Act or any other law. The word 'fortnight' was substituted for 'week' by Act 1 of 1984. This statement provides a periodic snapshot of the scheduled banking system. The correct frequency for the consolidated statement is each fortnight.
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