Consider the following statements: I. The Reserve Bank of India mandates all the listed companies in India to submit a Business Responsibility and Sustainability Report (BRSR). II. In India, a company submitting a BRSR makes disclosures in the report that are largely non-financial in nature. Which of the statements given above is/are correct?

Statement I: Incorrect. BRSR disclosure for listed entities is mandated by SEBI, not the Reserve Bank of India; it applies to specified listed companies, not all listed companies.
Statement II: Correct. BRSR mainly contains non-financial disclosures relating to ESG/business responsibility aspects such as environment, social and governance practices.
Therefore, only Statement II is correct.