To counter the problem of rising NPAs (non-performing assets) the Parliament recently amended the SARFAESI and the DRT (Debt recovery Tribunals) Acts. Consider the following statements in this context and identify the correct one/ones

1. The secured creditors can now take over the possession of collateral security upon a default in repayment.

2. The amendment gives RBI supervising and penalizing powers over Asset Reconstruction Companies.

Select the correct answer using codes given below