GyanGramQuestion
What was the purpose of Inter-Creditor Agreement signed by Indian banks and financial institutions recently?
PRELIMS 2019 · INDIAN ECONOMY
What was the purpose of Inter-Creditor Agreement signed by Indian banks and financial ins…
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• Correct Answer: D
• The Inter-Creditor Agreement (ICA) was signed under Project Sashakt based on the Sunil Mehta Committee recommendations.
• It targets stressed assets of Rs. 50 crore or more under consortium lending, making resolution plans binding if 66% of lenders agree.
• It is not for fiscal deficit reduction, infrastructure projects, or independent loan regulation.
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