Which of the following statements is/are correct about the Deposit Insurance and Credit Guarantee Corporation (DICGC)? 1. It is a wholly owned subsidiary of Reserve Bank of India established for the purpose of providing insurance of deposits and guaranteeing of credit facilities. 2. DICGC covers depositors of all commercial banks and Non-Banking Financial Companies(NBFCs) regulated by the RBI. 3. Insurance limit for each depositor in a bank is capped at Rs.2 lakhs, excluding both interest amounts. 4. The deposit insurance scheme optional for all banks and NBFCs and the premium charged by the DICGC is based on differential risk based on the lending practices of the bank. Select the correct answer using the codes given below: - Study24x7
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Which of the following statements is/are correct about the Deposit Insurance and Credit Guarantee Corporation (DICGC)? 1. It is a wholly owned subsidiary of Reserve Bank of India established for the purpose of providing insurance of deposits and guaranteeing of credit facilitie...

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A

1 only

B

1 and 2 only

C

1, 2 and 3 only

D

1, 2, 3 and 4

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