Some small cooperative and private banks in India had to face a frenzy of their depositors recently as lot of them wanted to withdraw their money at the same time. In the event of winding up of a bank how the interest of the depositors are protected in the eyes of the law ? [Pick up the correct statement(s)]
A: Depositors’ money gets precedence over banks’ capital and depositors will lose only if the banks’ losses are more than its capital
B: Depositors will get up toRs. 10,000 only irrespective of the size of their deposit in the bank
C: The small deposits are given full assurance as all such deposits (upto Rs. 1 lakh) are fully insured by the DICGC