Which of the following statements about the India Post Payments Bank (IPPB) is/are correct?
1. It has been incorporated as a Public Limited Company.
2. It started its operation by establishing two pilot branches at Hyderabad and Varanasi.
Select the correct answer using the code given below.

Options

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