Blinky example Not working

I am running the blinky example on my renesas setup.
Setup details:

RZ/T Series for Real-Time Control

RZ Family

***-Bit & 32-Bit Arm®

-Based High-End MPUs

- Device(R9A07G074M04GBG)

Issue: I am able to create project, build project and able to load the project as well, but I dont see any change in led's blinking pattern.
If delay is increased/decreased, then there is no change in frequency of LED blinking.
LED's behave likes board reboot.

Project creation:

File --> New --> Renesas C/C++ Project --> Renesas RZ --> Renesas RZ/T C/C++ FSP Project --> Project Name --> FSP Version(2.2.0) --> Board(RSK+RZT2L (RAM execution without flash memory)) --> Device(R9A07G074M04GBG) --> Core (CR52_0) --> Language(C) --> IDE Project type(e2 studio managed Build) --> executable --> Bare metal blinky

Please assist how to run blinky and how to change the LED blinking patterns after changing delays.