Explanation:

Only statements 1&2 are correct.
Regional Rural Banks (RRBs)

• Regional Rural Banks (RRBs) were set up as government-sponsored, regional based rural lending institutions under the Regional Rural Banks Act, 1976.
• The RRBs were established as per the recommendations of the Narasimham Committee to cater to the rural credit needs of the farming and other rural communities.
• Regional Rural Banks (RRBs) are government-owned scheduled commercial banks of India that operate at the regional level in different states of India.
• The area of operation is limited to the area notified by the government of India covering, and it covers one or more districts in the State.
• The equity of the Regional Rural Banks is held by the stakeholders in a fixed proportion. This proportion is 50:35:15, distributed as: Central Government – 50%; Sponsor Bank – 35% and State Government – 15%

Hence option 1st is correct.