Consider the following statements :
1. The National Housing Bank (NHB), the apex institution of housing finance in India, was set up as a wholly-owned subsidiary of the Reserve Bank of India (RBI).
2. The small Industries Development Bank of India (SIDBI) was established as a wholly-owned subsidiary of the Industrial Development Bank of India (IDBI).
Which of the statement given above is/are correct?

Options

A. 1 only
B. 2 only
C. Both 1 and 2
D. Neither 1 nor 2

Answer

C