Consider the following statements about the Financial Stability Report released by the RBI in July 2024:
- The report highlighted the resilience of the Indian financial system.
- It noted a decline in the GNPA ratio of scheduled commercial banks to a multi-year low.
- The report predicted that banks would struggle to meet capital requirements in 2025.
Which of the above statements is/are correct?
1
Only 1
2
Only 1 and 2
3
Only 2 and 3
4
Only 1 and 3
5
All 1, 2, and 3