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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 50 more or more 
(d) To aim at faster resolution of stressed assets of F 50 crore or mom which are under consortium lending 



Asked On2019-07-10 10:52:15 by:Gaganpreet-Gandhi

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The principal purpose of the intercreditor agreement is to contractually regulate the relationship between the different types of creditors. Arrangements which relate to the first issue are about 'subordination' and arrangements which relate to the second issue are about 'priority'.

The correct answer is To aim at faster resolution of stressed assets of Rs 50 crore or more which are under consortium lending.

Answerd on:2022-02-10 Answerd By:Raj-Gupta

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