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?

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[UPSC 2019 2 JUNE]

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

राजकोषीय घाटे और चालू खाता घाटे के लिए भारत सरकार के बारहमासी बोझ को कम करना

B To support the infrastructure projects of Central and State Governments

केंद्र और राज्य सरकारों की अवसंरचना परियोजनाओं का समर्थन करना

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

रुपये के ऋण के लिए आवेदन के मामले में स्वतंत्र नियामक के रूप में कार्य करने के लिए। 50 करोड़ या उससे अधिक

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

रु। 50 करोड़ या उससे अधिक जो कंसोर्टियम लेंडिंग के तहत हैं

The agreement, known as Inter-Creditor Agreement (ICA) was framed under the aegi...

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