Which of the following statements regarding RBI’s Report on Trend and Progress of Banking in India 2023-24 is/are correct?
- The report is released under Section 36(2) of the Banking Regulation Act, 1949.
- The profitability of commercial banks in India declined in FY 2023-24.
- The report covers the performance of commercial banks, cooperative banks, and NBFCs.
1
Only 1 and 2
2
Only 2 and 3
3
Only 1 and 3
4
Only 1
5
All of the above