Consider the following statements:
1. The National Housing Bank the apex institution of housing finance in India, was set up as a whollyowned subsidiary of the Reserve Bank of India
2. The Small Industries Development Bank of India was established as a whollyowned subsidiary of the Industrial Development Bank of India
Which of the statements given above is/are correct?
(a) 1 only (b) 2 only (c) Both 1 and 2 (d) Neither 1 nor 2