The Reserve Bank of India reduced the single borrower and group exposure limits for urban co-operative banks to 15% and 25% of Tier 1 capital, respectively. Consider the following statement about it.n1. Existing norms allow group expenditure of 20% of the bank's capital for single borrowers and 40% of the capital including Tier I and Tier II capital.n2. RBI revised priority sector lending target from 40% to 75% of net bank credit or credit equivalent amount of off-balance sheet exposure. It will be imposed by 31st March 2030.nSelect the correct statement from the given statements

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

1.	The Reserve Bank of India reduced the single borrower and group exposure limits for urban co-operative banks to 15% and 25% of Tier 1 capital, respectively. Consider the following statement about it.n1. Existing norms allow group expenditure of 20% of the bank's capital for single borrowers and 40% of the capital including Tier I and Tier II capital.n2. RBI revised priority sector lending target from 40% to 75% of net bank credit or credit equivalent amount of off-balance sheet exposure. It will be imposed by 31st March 2030.nSelect the correct statement from the given statements
A.	1 and 2 are both correct
B.	only 1 is correct
C.	only 2 is correct
D.	neither 1 nor 2 is correct
Answer» E.