question_answer

      Consider the following statements:

1. As per the Basel II accords, Banks have to maintain a minimum 8% CRAR

2. Out of 8% Banks have to keep a Tier I Capital of 5%

3. In India, the Banks are required to keep the CAR of 9% at least.

Which among the above statements is / are correct?

A) Only 1

B) Only 1 & 2

C) Only 1 & 3

D) All are correct statements