What was the purpose of Inter-Creditor Agreement signed by Indian banks and financial institutions recently?

Question

Accepted Answer

D. To aim at faster resolution of stressed assets of Rs. 50 crore or more which are under consortium lending

Answer

A. To lessen the Government of India’s perennial burden of fiscal deficit and current account deficit

Answer

B. To support the infrastructure Projects of Central and State Governments

Answer

C. To act as independent regulator in case of applications for loans of Rs. 50 crore or more