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Banking Concepts

Consider the following statements:

  1. Cash-deposit ratio of scheduled commercial banks is the ratio of cash in hands and balances with the RBI as percentage of aggregate deposits.
  2. Credit-Deposit Ratio is the ratio of how much a bank lends out of the deposits it has mobilised.
  3. Investment-Deposit Ratio is calculated as Investments (Government securities and other approved securities)/aggregate deposits.

Which of the statement(s) given above is/are incorrect?

A
Only 1
B
2 and 3
C
Only 2
D
None of the above