Consider the following statements about Urban Cooperative Banks (UCBs) in India:

1. UCBs are regulated by local boards set up by respective State Governments, independent of the Reserve Bank of India.

2. UCBs are permitted to issue equity and preference shares.

3. UCBs were brought under the ambit of the Banking Regulation Act, 1949 through an amendment in 1966.

How many of the statements given above are correct?