Which of the following statements are correct regarding the recent review meeting chaired by Union Minister for Finance Nirmala Sitharaman on Regional Rural Banks (RRBs) in August 2024?
- The meeting focused on key areas such as business performance, technological upgrades, and fostering growth in Micro, Small and Medium Enterprises (MSME) clusters.
- The Consolidated Capital to Risk (Weighted) Assets Ratio (CRAR) of RRBs increased from 7.8% in FY 2021 to 13.7% in FY 2024.
- The Gross Non-Performing Assets (GNPA) ratio of RRBs is relatively high, standing at 6.5%.
1
Only statement 1 is correct.
2
Only statements 1 and 2 are correct.
3
Only statements 2 and 3 are correct.
4
All statements are correct.
5
None of the statements are correct.