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Recently, the Inter-Creditor Agreement (ICA) was in news to resolve the issue of stressed assets for the banks. Which of the following statements about the inter-creditor agreement is/are incorrect?
Choose the correct alternative:
1, 2 and 3
2, 3 and 4
3 and 4
1, 2, 3 and 4
All the above statements are correct explanation for Inter Creditor Agreement.
To state it in simple words it is a big step taken by the key lenders of the country to tackle the menace of non-performing assets (NPA) or bad loans speedily which has breached Rs. 10 lakh crore mark on a more recent basis. The problem of ever-increasing bad loans in the Indian banking system led to the introduction of the Sashakt resolution plan by the government that came up earlier this month. The Sashakt plan besides other things demanded the establishment of an asset reconstruction company or asset management company for managing bad loans.
By: Cammy Garg ProfileResourcesReport error
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