Reserve Bank of India (RBI) issued the guidelines for licensing of new private sector banks. Consider the following statements and choose the correct options­

1.    Entities both from private and public sector shall be eligible to set up a bank through a wholly­owned non­operative financial holding company (NOFHC).

2.    The NOFHC will be registered as a non­ banking finance company with the RBI.

3.    The new banks must meet the criteria of having 50% of its branches in unbanked rural areas with population upto 9,999.

4.    New bank should achieve priority sector lending target of 40%.

Select the correct code: