<span style="color: #222222;">Nearly two dozen Banks and Financial Institutions, including SBI and LIC, have signed the inter-creditor agreement (ICA) framework to speed up the resolution of stressed assets which are under the 500-crore rupee bracket. </span><br />'' <br />'' <span style="color: #222222;">The framework is part of the Project Sashakt, the report on bad bank drafted and submitted by the committee headed by Non-executive Chairman of PNB, Sunil Mehta earlier this month. </span><br />'' <br />'' <span style="color: #222222;">Talking to reporters, Mr Mehta said, the objective of ICA is to resolve stressed assets fast, and will primarily focus on NPAs in the 50 crore to 500 crore bracket.</span><br />'' <br />''<span style="color: #222222;">He said, the framework will deal separately with stressed assets of 500 to 2,000 crores or more. The agreement will also enable lenders to move expeditiously and protects their interest.</span><br />'' <span style="color: #222222;"><br />''As of March this year, there were close to 3 trillion worth of bad loans in the 50 to 500 crore category and 2 trillion under 50 crore ticket size.</span><br />'' <span style="color: #222222;"><br />''Finance Minister Piyush Goyal has described the move as a huge step forward in addressing the banking industry's problems. </span><br />'' <br />'' <span style="color: #222222;">He said in a tweet that the resolution over dissolution approach will strengthen banks and businesses, protect jobs and help economy grow even faster.</span><br />