Which of the following statement/s is/are correct?
1. Payment bank cannot issue credit cards.
2. There is a limit on maximum balance of individual customer in payment bank.
3. SLR requirements for payment banks and small banks is less than commercial banks.
4. Priority sector lending up to 40% is mandatory for both private banks and small banks.

A. 1, 2 and 4

B. 3 and 4

C. 1 and 2

D. All of the above

Answer: Option C