Consider the following statements regarding the SARFAESI Act:
1. It applies nationwide and encompasses all assets pledged as collateral to the lender.
2. It encompasses cooperative banks also.
3. The Act does not include non-banking financial companies (NBFCs).
Which of the statements given above is/are correct?
1
1 and 2 only
2
3 only
3
2 and 3 only
4
2 only