2019 Economy - Banking and Financial Sector Reforms

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

To lessen the Government of India's perennial burden of fiscal deficit and current account deficit
To support the infrastructure projects of Central and State Governments
To act as independent regulator in case of applications for loans of ₹50 crore or more
To aim at faster resolution of stressed assets of ₹50 crore or more which are under consortium lending

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