📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • âś–

      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

      Practice Next
      More Accounts Questions

      Relevant for Exams:

      ask-question