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    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?
    A SMA-0 Correct Answer Incorrect Answer
    B SMA-1 Correct Answer Incorrect Answer
    C SMA-2 Correct Answer Incorrect Answer
    D Sub-standard Correct Answer Incorrect Answer
    E NPA Correct Answer Incorrect Answer

    Solution

    SMA classifications (Special Mention Accounts) are: • SMA-0: 1–30 days • SMA-1: 31–60 days • SMA-2: 61–90 days Beyond 90 days → NPA

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