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Question
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?
Options:
A .  Only 1 & 2
B .  Only 1
C .  Only 1 & 3
D .  All are correct statements
Answer: Option C
Answer: (c)

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