Consider the following statements about IndusInd Bank’s entry into the mutual fund business:
- IndusInd Bank has received approval from the RBI to set up a mutual fund subsidiary.
- The bank's new subsidiary will handle asset management for the mutual fund business.
- IndusInd Bank needs to file an application with SEBI before launching the mutual funds business.
Which of the following options is correct?
1
Only 1 is correct
2
Both 1 and 2 are correct
3
Both 2 and 3 are correct
4
Only 1 and 3 are correct
5
All 1, 2, and 3 are correct