Consider the following statements with reference to the Digital Banks proposed by NITI Ayog:
1. It will be defined in the Banking Regulation Act, 1949, and shall have its own balance sheet and legal existence.
2. Digital banks will be subject to prudential and liquidity norms on par with existing commercial banks.
Which of the statements given above is/are not correct?
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2