Economics · Banking Infrastructure

With reference to the Core Banking Solution (CBS) adopted in the banking sector, consider the following statements: I. It refers to an integrated banking platform that connects different branches of a bank, enabling customers to access and operate their accounts from any branch within the bank's network. II. It represents a regulatory mechanism designed primarily to enhance the Reserve Bank of India's supervisory control over commercial banks through digital monitoring. III. It is a structured resolution mechanism through which a financially stressed bank with high non-performing assets is merged with or taken over by another bank. Which of the statements given above are correct?