Consider the following statements regarding Regional Rural Banks in India:
1. They are regulated by the Reserve Bank of India and are supervised by NABARD.
2. The Centre jointly owns them, and the state government is concerned and sponsors banks.
3. They do not have access to the liquidity adjustment facility (LAF), marginal standing facility (MSF), and call or notice money market
Which of the above statements is/are correct?
1
1 and 2 only
2
2 and 3 only
3
1 and 3 only
4
1, 2 and 3
5
Answer Not Known