Consider the following statements:1. The maximum limit of shareholding of Indian promoters in private sector banks in India is 49 percent of the paid up capital.2. Foreign Direct Investment upto 49 percent cent from all sources is permitted in private sector banks in India under the automatic route.Which of these statements is/are correct ?

Consider the following statements:1. The maximum limit of shareholding

1.	Consider the following statements:1. The maximum limit of shareholding of Indian promoters in private sector banks in India is 49 percent of the paid up capital.2. Foreign Direct Investment upto 49 percent cent from all sources is permitted in private sector banks in India under the automatic route.Which of these statements is/are correct ?
A.	only 1
B.	only 2
C.	Both 1 and 2
D.	Neither 1 and 2
Answer» C. Both 1 and 2