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

Asked in UPSC IAS 2019 · Topic: Money & Banking (Banking Sector Reforms: Basel Norms, Asset Quality Review (AQR), and NPA Management)

1. To lessen the Government of India's perennial burden of fiscal deficit and current account deficit
2. To support the infrastructure projects of Central and State Governments
3. To act as independent regulator in case of applications for loans of ₹ 50 crore or more
4. To aim at faster resolution of stressed assets of ₹ 50 crore or more which are under consortium lending

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