What was the purpose of 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
Indian EconomyBanking Sector Reforms / Non-Performing Assets (NPAs)Inter-Creditor AgreementIndian banksfinancial institutionsstressed assetsconsortium lendingresolution