Resolutions via inter-creditor agreements off to a slow start

As January 7 deadline set by RBI looms, inter-creditor agreements are yet to be signed for exposures amounting to Rs 33,610 crore. Resolution plans under the ICA framework have been taking longer than anticipated because banks and non-bank lenders, such as mutual funds and insurance companies, appear to have differences of opinion.

from Banking/Finance-Industry-Economic Times https://ift.tt/39yGNOK