Consider the following statements: 1. In India, Non-Banking Financial Companies can access the Liquidity Adjustment Facility window of the Reserve Bank of India. 2. In India, Foreign Institutional Investors can hold the Government Securities (G-Secs). 3. In India, Stock Exchanges can offer separate trading platforms for debts. Which of the statements given above is/are correct?

1. NBFCs can access RBI’s Liquidity Adjustment Facility window — Incorrect. LAF is primarily available to banks and primary dealers; NBFCs do not have normal direct access to this RBI window.

2. Foreign Institutional Investors can hold Government Securities (G-Secs) — Correct. FIIs/FPIs are permitted to invest in Indian government securities, subject to RBI/SEBI limits and regulations.

3. Stock Exchanges can offer separate trading platforms for debts — Correct. Recognized stock exchanges in India can provide dedicated debt segments/platforms for trading debt securities.

Hence, statements 2 and 3 only are correct.