New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    When an account will be classified as SMA-1 (Special

    Mention Account -1) if there is Principal or interest payment or any other amount wholly or partly overdue between:
    A more than 15 days and upto 30 days Correct Answer Incorrect Answer
    B upto 30 days Correct Answer Incorrect Answer
    C more than 30 days and upto 60 days Correct Answer Incorrect Answer
    D more than 60 days and upto 90 days Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Lendersshall recognize incipient stress in loan accounts, immediately on default 5 , by classifying such assets as special mention accounts (SMA) as per the following categories.

    SMA Sub-categories Basis for classification – Principal or interest payment or any other amount wholly or partly overdue between
    SMA-0 Up to 30 days
    SMA-1 More than 30 days and up to 60 days-
    SMA-2 More than 60 days and up to 90 days

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