• SENSEX
    NIFTY 50
Economy

Explainer: What is inter-creditor agreement signed by banks in the country?

Updated : July 24, 2018 06:29 AM IST

As per the new agreement, lending parties will jointly appoint a lead lender, who will act on behalf for the entire group.
Signed by leading banks led by SBI, the agreement is the direct result of the Sashakt resolution framework that was released earlier this month.
The Sashakt plan, which was itself the result of the crisis created in the financial field following the high volume of bad loans by banks that crossed Rs 10 lakh crore mark.
Explainer: What is inter-creditor agreement signed by banks in the country?
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV