Q. What was the purpose of Inter-Creditor Agreement signed by Indian banks and financial institutions recently? (Current Affairs)

[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 application for loans of Rs. 50 core or more

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

Answer: D
Notes:
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