With reference to Payment Banks, consider the following statements:
1. They are first proposed by the Nachiket Mor committee.
2. Payments Banks are bound by the reserve requirement rules of RBI.
3. Payments banks are not permitted to handle cross-border remittance transactions.
Which of the statements given above is/are correct?
1
1 only
2
1 and 2 only
3
1 and 3 only
4
1, 2 and 3