Which of the following statements is/are correct regarding the rise in borrowing by banks in India as per the RBI data in August 2024?

1. The total borrowing of scheduled commercial banks, including Regional Rural Banks, Small Finance Banks, and Payments Banks, crossed the Rs 9 trillion mark as of July 26, 2024.
2. The borrowing primarily represents long-term funding methods such as corporate bonds and government securities.
3. The report indicated that deposit accretion for FY24 was around Rs 23 trillion, while credit accretion was close to Rs 22 trillion.