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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: β€’ SMA-0: 1–30 days β€’ SMA-1: 31–60 days β€’ SMA-2: 61–90 days Beyond 90 days β†’ NPA

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