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GS Question

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What was the purpose of Inter-Creditor Agreement signed by Indian banks and financial institutions recently?

(a) To lessen to 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 regulatory in case of applications for loans of Rs. 50 crore of more
(d) To aim at faster resolution of stressed assets of Rs. 50 crore of more which are under consortium lending