Current Affairs · NaBFID Regulatory Framework and Financial Instruments

Consider the following statements regarding the regulatory framework and market participation of the National Bank for Financing Infrastructure and Development (NaBFID) as an All-India Financial Institution (AIFI): 1. NaBFID is regulated and supervised under Sections 45L and 45N of the RBI Act, 1934, requiring it to comply with the Master Direction on the Basel III Capital Framework. 2. NaBFID is permitted to participate in Credit Default Swaps (CDS) and Repo transactions in corporate debt securities to manage risks and support market liquidity. 3. The legal directives authorizing NaBFID's participation in these specific financial market instruments were issued under the provisions of the Banking Regulation Act, 1949. Which of the statements given above are correct?