Consider the following statements regarding the penalties imposed by the Reserve Bank of India (RBI) in January 2025:
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J&K Bank was penalized Rs 3.31 crore for violations related to financial inclusion.
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Bank of India (BoI) was fined Rs 1 crore for non-compliance with the Banking Regulation Act, 1949.
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Canara Bank received a penalty of Rs 1.63 crore for exceeding limits on foreign exchange transactions.
Which of the above statements are correct?
1
Only 1 and 2
2
Only 1 and 3
3
Only 2 and 3
4
Only 3
5
Only 2