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What was the purpose of the 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 Rs. 50 Crore or more.
- d)To aim at faster resolution of stressed assets of Rs. 50 Crore or more which are under consortium lending.
Correct answer is option 'D'. Can you explain this answer?
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What was the purpose of the Inter-Creditor Agreement signed by Indian ...
Indian banks and financial institutions signed an Inter-Creditor Agreement (ICA) on July 23, 2018 to fast-track the resolution of stressed assets of Rs 500 crore or above that are under consortium lending. The ICA, a part of Project Sashakt, was signed by 22 public sector banks including SBI, India Post Payments Bank; 19 private sector banks; and 32 foreign banks.
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What was the purpose of the Inter-Creditor Agreement signed by Indian ...
's financial burden by ensuring timely resolution of stressed assets
b) To promote coordinated efforts among banks and financial institutions in India to address non-performing assets (NPAs)
c) To establish a common framework for debt restructuring and recovery of stressed assets in a time-bound manner
d) To facilitate better communication and information sharing among lenders to minimize the risk of default by borrowers
b) To promote coordinated efforts among banks and financial institutions in India to address non-performing assets (NPAs)
b) To promote coordinated efforts among banks and financial institutions in India to address non-performing assets (NPAs)
c) To establish a common framework for debt restructuring and recovery of stressed assets in a time-bound manner
d) To facilitate better communication and information sharing among lenders to minimize the risk of default by borrowers
b) To promote coordinated efforts among banks and financial institutions in India to address non-performing assets (NPAs)
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What was the purpose of the 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 Rs. 50 Crore or more.d)To aim at faster resolution of stressed assets of Rs. 50 Crore or more which are under consortium lending.Correct answer is option 'D'. Can you explain this answer?
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What was the purpose of the 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 Rs. 50 Crore or more.d)To aim at faster resolution of stressed assets of Rs. 50 Crore or more which are under consortium lending.Correct answer is option 'D'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about What was the purpose of the 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 Rs. 50 Crore or more.d)To aim at faster resolution of stressed assets of Rs. 50 Crore or more which are under consortium lending.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What was the purpose of the 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 Rs. 50 Crore or more.d)To aim at faster resolution of stressed assets of Rs. 50 Crore or more which are under consortium lending.Correct answer is option 'D'. Can you explain this answer?.
What was the purpose of the 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 Rs. 50 Crore or more.d)To aim at faster resolution of stressed assets of Rs. 50 Crore or more which are under consortium lending.Correct answer is option 'D'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about What was the purpose of the 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 Rs. 50 Crore or more.d)To aim at faster resolution of stressed assets of Rs. 50 Crore or more which are under consortium lending.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What was the purpose of the 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 Rs. 50 Crore or more.d)To aim at faster resolution of stressed assets of Rs. 50 Crore or more which are under consortium lending.Correct answer is option 'D'. Can you explain this answer?.
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