What was the purpose of the Inter-Creditor Agreement signed by Indian banks and financial institutions recently?
A. To lessen the Government of India’s perennial burden of fiscal deficit and current account deficit
B. To support the infrastructure projects of Central and State Governments
C. To act as independent regulator in case of applications for loans of Rs 50 crore or more
D. To aim at faster resolution of stressed assets of Rs 50 crore or more which are under consortium lending.
Answer:D
What was the purpose of the Inter-Creditor Agreement signed by Indian banks and financial institutions recently?
A. To lessen the Government of India’s perennial burden of fiscal deficit and current account deficit B. To support the infrastructure projects of Central and State Governments C. To act as independent regulator in case of applications for loans of Rs 50 crore or more D. To aim at faster resolution of stressed assets of Rs 50 crore or more which are under consortium lending.