Explanation:

Both statements 2&3 are incorrect.
Digital Lending

• It is the process of offering loans that are applied for, disbursed, and managed through digital channels.
• Lenders use digitized data to inform credit decisions and build customer engagement.
• Lending takes place through web platforms or mobile apps, by taking advantage of technology for authentication and credit assessment.

The three lending models are

• Bank or NBFC owned digital platforms operating under the direct regulatory purview of RBI.
• Fintech companies proprietary digital platforms, working in partnership with banks/NBFCs. Being mere intermediaries, these platforms are not required to seek any registration with RBI, and are only indirectly regulated through RBI’s outsourcing guidelines applicable to Banks/NBFCs.
• Peer-to-Peer (P2P) lending platforms, which usually involve the otherwise unregulated retail lenders, was mandated to seek registration as NBFC-P2P by RBI; thus, they are directly regulated by RBI.