Which of the following highlights from RBI’s Financial Stability Report, June 2024 are correct?

1. Credit growth in Scheduled Commercial Banks (SCBs) is projected to rise significantly due to a robust economic recovery.
2. The banking sector’s capital adequacy ratio remains well above the regulatory requirement.
3. Urban cooperative banks witnessed an increase in gross NPAs compared to the previous year.

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

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