Banking - Resolution of Bad Loans

Banking - Resolution of Bad Loans

We would like to bring to your kind attention to the recent inter-creditor agreement signed between twenty-four banks led by the State Bank of India, yesterday, in relation to fast-track resolution of the bad loans. Under the inter-creditor agreement, lenders will look at resolving accounts with exposure between Rs. 50 crore and Rs. 2,000 crore.
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