Question

Consider the following statements.

Statement 1 - "No DRR is required for debentures issued by All India Financial Institutions, regulated by RBI and Banking Companies for both public as well as privately placed debentures". 

Statement 2 - DRR is required for debentures issued by All India Financial Institutions, regulated by RBI and Banking Companies for both public as well as privately placed debentures"

Options

• Only Statement 1 is correct

• Only Statement 2 is correct

• Both the statements (1) and (2) are correct

• None of these

Answer 1

Only Statement 1 is correct