Mumbai: Banks are struggling to create a common pact for lending to companies that will need funds to grow, rejig their loans, and battle the slowdown wrecked by the Covid-19 pandemic. Large private and foreign banks have voiced their reservations against the State Bank of India’s (SBI) proposal to frame an omnibus inter-creditor agreement (ICA) which would be binding on all lenders. Under a rigid and uniform ICA, a bank which is unwilling to
