Which of the following statements is/are correct regarding ‘Neo Banks’?
1. They are the banks that have been merged under the recent merger of banks in India.
2. They are financial technology companies that operate solely digitally.
3. They are banks that give loans only to newly startup companies.
1
1 only
2
2 only
3
3 only
4
Both 1 and 3
5
None of the above