Consider the following statements regarding the Small Finance banks (SFBs) in India:
1. SFBs can be given scheduled bank status under the Reserve Bank of India Act, 1934.
2. They must necessarily extend 75% loans to priority sector.
3. SFBs do not need to maintain a Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR).
4. Small Finance Banks cannot take demand or time deposits.
Select the correct Statements