Consider the following statements regarding the Reserve Bank of India's Financial Stability Report (FSR), December 2024:
- The report projects India’s GDP growth rate at 6.6% for the Financial Year 2024-25 (FY25).
- The asset quality of Scheduled Commercial Banks (SCBs) improved, with the Gross Non-Performing Assets (GNPA) ratio declining to a 12-year low of 2.6% in September 2024.
- Unhedged External Commercial Borrowings (ECBs) stood at USD 45.49 billion, accounting for 24.4% of the total debt.
Which of the above statements are correct?
1
Only 1 and 2
2
Only 1 and 3
3
Only 2 and 3
4
Only 3
5
Only 2