Consider the following statements with reference to Small Finance Banks (SFBs):

1. The small finance bank shall primarily undertake basic banking activities of acceptance of deposits and lending to small business units, small and marginal farmers, micro and small industries and unorganised sector entities.

2. The small finance bank can also become an Authorised Dealer in foreign exchange business for its clients’ requirements.

3. They are registered as a public limited company under the Companies Act, 2013.

Which of the statements given above is/are correct?

1
1 only
2
2 and 3 only
3
1 and 3 only
4
1, 2 and 3.

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