Chapter III — Central Banking Functions

Section 43: Publication of consolidated statement by the Bank

Reviewed by CA Nikhil Gupta · Last reviewed 18 September 2026

Section 43 requires RBI to publish a consolidated statement based on the returns furnished by scheduled banks under Section 42 in the prescribed/statutory manner.

Operative provisionOfficial sources mappedProvision-specific decode

Finin2min - Section 43 in 2 minutes

Legal effectSection 43 requires RBI to publish a consolidated statement based on the returns furnished by scheduled banks under Section 42 in the prescribed/statutory manner.

Operative ruleThe provision is a transparency/publication consequence of the reserve-return system; it is not an additional reserve percentage.

Connected lawRead it with Section 42 because the quality and timing of the published consolidation depend on the scheduled-bank returns received.

File evidenceAn analyst using the consolidated statement should recognise it as a statutory aggregate and not confuse it with an individual bank's Section 42 return.

Statutory structure and clause / subsection decode

This map separates the operative limbs of this provision so thresholds, powers, conditions and exceptions are not collapsed into a single summary.

Rule 1

The provision is a transparency/publication consequence of the reserve-return system

Rule 2

it is not an additional reserve percentage.

Connected rule

Read it with Section 42 because the quality and timing of the published consolidation depend on the scheduled-bank returns received.

Worked practical example

Facts. A bank cannot satisfy its own Section 42 filing duty merely because RBI later publishes an aggregate statement under Section 43.

Compliance points and common mistakes

Do not decide the issue from the heading alone. Map the facts to the operative words of Section 43 and to each relevant subsection, clause, proviso or explanation shown above.
Keep the statutory question separate from the operational overlay. Read it with Section 42 because the quality and timing of the published consolidation depend on the scheduled-bank returns received.
Do not convert an exception, exemption or discretionary RBI/Government power into an automatic entitlement. Record the authority, conditions and effective date.
Where the provision is historical, omitted or repealed, state that status prominently and do not present it as a current compliance obligation.

Connected provisions and instruments

Section 43 has no universal instrument dependency in this package. Add an RBI circular or direction only when its subject, entity and effective date cover the issue being analysed.

Questions and answers

What is the purpose of Section 43?

Publication of consolidated statement by the Bank: Section 43 requires RBI to publish a consolidated statement based on the returns furnished by scheduled banks under Section 42 in the prescribed/statutory manner.

Which statutory limb should be checked first?

Rule 1 - The provision is a transparency/publication consequence of the reserve-return system

What is the next legal boundary?

Rule 2 - it is not an additional reserve percentage.

What record should support the conclusion?

Section 43 file evidence: An analyst using the consolidated statement should recognise it as a statutory aggregate and not confuse it with an individual bank's Section 42 return.

Primary sources

Source control for Section 43: use the official consolidated RBI Act for the statutory text and footnotes, then separately reconcile any post-Finance Act 2022 amendment, commencement notification or RBI instrument relevant to the event date.