With reference to the Small Finance Bank, which of the following statement is correct?
1
It can provide service of acceptance of deposits only.
2
They are governed by the provisions of Reserve Bank of India Act, 1934 only.
3
They are established as public limited companies in the private sector under the Companies Act, 1956.
4
75% of its net credits should be in priority sector lending and 50% of the loans in its portfolio must in ₹25 lakh.