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?

Consider the following statements: 1. As per the Basel II a

1.	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
Answer» D. All are correct statements