Consider the following statements regarding the PCA Framework for UCBs:
1. The PCA Framework applies to Tier 2, Tier 3, and Tier 4 UCBs.
2. Tier 1 UCBs are excluded from the PCA Framework but are subject to enhanced monitoring.
3. The framework becomes effective from April 1, 2025.
Which of the statements given above is/are correct?
1
1 and 2 only
2
2 and 3 only
3
1 and 3 only
4
All of the above
5
None of the above