Many a times we read in the newspapers that Banks in India partially implement the Narrow banking. In this context, consider the following statements: 
1. In Narrow Banking, Banks just accept deposits and provide loans. 
2. In Narrow Banking, there is rarely Asset Liability Mismatch. 

Which among the above statements is / are correct ?

[A] Only 1 is correct
[B] Only 2 is correct
[C] Both 1 & 2 are correct
[D] Neither 1 nor 2 is correct

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