Question
A delay of 31 to 60 days in repayment of loan obligation
to a bank will be classified under which category as per IRAC norms?Solution
SMA classifications (Special Mention Accounts) are: ⢠SMA-0: 1ā30 days ⢠SMA-1: 31ā60 days ⢠SMA-2: 61ā90 days Beyond 90 days ā NPA
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2....
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