Consider the following statements : 1. In India, credit rating agencies are regulated by Reserve Bank of India. 2. The rating agency popularly known as ICRA is a public limited company. 3. Brickwork Ratings is an Indian credit rating agency. Which of the statements given above are correct?

1. Statement 1: Credit rating agencies (CRAs) in India are primarily regulated by the Securities and Exchange Board of India (SEBI) under the SEBI (Credit Rating Agencies) Regulations, 1999, not by the Reserve Bank of India (RBI). While RBI uses ratings for banking regulations, the direct regulator of CRAs is SEBI. Thus, statement 1 is incorrect. 2. Statement 2: ICRA Limited (formerly Investment Information and Credit Rating Agency of India Limited) is indeed a public limited company listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Thus, statement 2 is correct. 3. Statement 3: Brickwork Ratings India Private Limited is a SEBI-registered Indian credit rating agency, offering rating services for various debt instruments and entities. Thus, statement 3 is correct. 4. Since statements 2 and 3 are correct, the correct option is (B).