Economics · Economy

Consider the following statements regarding the revised Business Correspondent (BC) framework proposed by the Reserve Bank of India: I. The revised framework introduces structured delivery points such as Branch, BC-Banking Outlet (BC-BO), and BC-Banking Touchpoint (BC-BT) for service delivery. II. The framework abolishes the Business Correspondent model entirely and replaces it with full-fledged rural bank branches. III. Under the revised norms, banks continue to remain fully responsible for the actions of Business Correspondents and their agents. How many of the above statements are correct?