What was the purpose of Inter-Creditor Agreement signed by I

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

I.A.S. (Pre) 2019

[Fiscal Policy, Inflation Planning and Banking]

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

To support the infrastructure projects of Central and State Governments

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

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

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