Reserve Bank of India – Bulletin Weekly Statistical Supplement – Extract
Distilled Policy Brief
- Under the Banking Laws (Amendment) Act, 2025, the definition of a reporting fortnight for scheduled commercial banks has been revised from alternate Fridays to the 15th and last calendar day of a month.
🎯 Prelims High-Yield Examination Points
Revised definition of a banking reporting fortnight under the Banking Laws (Amendment) Act, 2025, and explicit exclusions from Foreign Currency Assets (FCA).
⚖️ Mains Analytical & Syllabus Linkages
Regulatory and legislative reforms in the banking sector to align reporting cycles, improve liquidity management, and enhance statistical transparency.
🎯 UPSC Prelims Practice Drill
With reference to the Indian banking system and the Banking Laws (Amendment) Act, 2025, how has the definition of a "reporting fortnight" for scheduled commercial banks been revised?
- [A] It has been changed from alternate Saturdays to the 1st and 15th calendar day of a month.
- [B] It has been changed from alternate Fridays to the 15th and last calendar day of a month.
- [C] It has been changed from alternate Fridays to the 1st and 15th calendar day of a month.
- [D] It has been changed from alternate Saturdays to the 15th and last calendar day of a month.
▶ Reveal Official Answer & Analytical Explanation
According to the Banking Laws (Amendment) Act, 2025, the definition of a reporting fortnight for scheduled commercial banks has been revised from alternate Fridays to the 15th and last calendar day of a month. This change became effective from December 15, 2025, standardizing the reporting schedule to specific calendar dates.
🏛️ Historical Twin PYQ Anchor (2021)
Consider the following statements regarding the "National Clean Air Programme (NCAP)": 1. It is implemented by the Ministry of Environment, Forest and Climate Change. 2. Central Pollution Control Board acts as the sole regulatory executive body.