Which of the following statements regarding the health of the banking sector in India as per the Economic Survey 2024-25 is correct?
1
The Gross Non-Performing Asset (GNPA) ratio of Scheduled Commercial Banks (SCBs) rose to a 12-year high of 7.7% by September 2024.
2
The Capital-to-Risk Weighted Asset Ratio (CRAR) of SCBs is well above the required norms, indicating robust capital buffers.
3
The overall bank credit growth accelerated to 15.2% by December 2024 due to lower lending rates.
4
Credit to large enterprises is growing faster than credit to MSMEs.
5
None of the above