Which of the following Statements is/are correct with respect to the Reserve Bank of India initiative in August 2023?
1. The Reserve Bank of India has reviewed guidelines for Infrastructure Debt Fund-Non-Banking Financial Companies (IDF-NBFCs) to enhance their role in infrastructure financing and align regulations across NBFCs in this sector.
2. IDF-NBFCs must maintain a Net Owned Fund (NDF) of at least Rs 500 crore & can issue rupee or dollar-denominated bonds with a minimum maturity of 3 years.
3. RBI advised banks and finance companies to reset the Floating Interest Rate on Equated Monthly instalments (EMI) for select personal loans in response to rising interest rates through the new rules, w.e.f December 31, 2023.
1
Only 2
2
Only 1 & 2
3
Only 1 & 3
4
All 1, 2 & 3
5
Only 1