With reference to the Prompt Corrective Action Framework (PCAF), consider the following statements:
1. It is a supervisory tool and is imposed when a bank breaches certain regulatory thresholds on capital to risk weighted assets ratio (CRAR), net NPAs, and return on assets (RoA).
2. The RBI imposed PCA norms on the bank in June 2017 due to its high net NPA and negative return of assets (RoA).
Which of the statements given above is/are correct?