Which of the following statements is/are correct?
A. According to RBI's Financial Stability Report, the write-offs to gross non-performing assets ratio of private sector banks stood at 45.6% in FY23.
B. The write-offs to gross non-performing assets (GNPAS) ratio of public sector banks was 33.3%.
C. In write-off, loans are transferred to the off-balance sheet records.
1
Only B
2
Only A
3
Only C
4
Both A and B
5
Both B and C