Question

What was the purpose of the inter-creditor agreement signed by Indian banks and financial institutions recently?

Answer 1

The purpose of the inter-creditor agreement signed by Indian banks and financial institutions recently was to provide banking services to commercial banks and other depository institutions, and to provide banking services to the federal government.

Step-by-step explanation:

The purpose of the inter-creditor agreement signed by Indian banks and financial institutions recently was to provide banking services to commercial banks and other depository institutions, and to provide banking services to the federal government.