Consider the following statements regarding Deposit Insurance and Credit Guarantee Corporation (DICGC).
1. Foreign banks functioning in India and regional rural banks are insured by the DICGC.
2. DICGC insures both principal and interest amount held by depositors in the bank.
3. Deposit Insurance and Credit Guarantee Corporation (DICGC) came into existence after 1991 LPG reforms.
Which of the above statements is/are correct?