The Reserve Bank of India lowered the single borrower and group exposure limit for Urban Cooperative Banks to 15% and 25% of Tier 1 Capital respectively. Consider the following statement about it.n1. The existing norms permitted 20% of a bank’s capital for single borrowers and 40% to group exposures including Tier I and Tier II capital.n2. The RBI also revised the priority sector lending target from 40% to 75% of the adjusted net bank credit or credit equivalent amount of off-balance sheet exposure. It will be imposed by 31st March 2030.nChoose the correct statement based on the statements

The Reserve Bank of India lowered the single borrower and group exposu

1.	The Reserve Bank of India lowered the single borrower and group exposure limit for Urban Cooperative Banks to 15% and 25% of Tier 1 Capital respectively. Consider the following statement about it.n1. The existing norms permitted 20% of a bank’s capital for single borrowers and 40% to group exposures including Tier I and Tier II capital.n2. The RBI also revised the priority sector lending target from 40% to 75% of the adjusted net bank credit or credit equivalent amount of off-balance sheet exposure. It will be imposed by 31st March 2030.nChoose the correct statement based on the statements
A.	Both 1 and 2 are correct
B.	Only 1 is correct
C.	Only 2 is correct
D.	Neither 1 nor 2 is correct
Answer» E.