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Economy

Inter Creditor Agreement: Some private banks see red

Updated : August 21, 2018 10:18 AM IST

The agreement was mooted by the Sunil Mehta committee as the first step to resolve bad or non performing loans (NPAs).
Among private banks, ICICI, Axis, Federal and some smaller banks have signed.
However, banks like HDFC, Kotak and RBL are holding back saying they are seeking legal opinion.
Inter Creditor Agreement: Some private banks see red

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