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      Question

      As per IRACP norms, i n case of a loan other than

      revolving facility, SMA-0 is defined as which of the following?
      A When there is no overdue Correct Answer Incorrect Answer
      B When there is up to 15 days overdue Correct Answer Incorrect Answer
      C When there is up to 30 days overdue Correct Answer Incorrect Answer
      D When there are 30-45 days overdue Correct Answer Incorrect Answer
      E When there are 30-60 days overdue Correct Answer Incorrect Answer

      Solution

      Special Mention Accounts (SMA) are those loan accounts wh ich are standard but may show signs of stress due to overdue in p rincipal or interest payment s. Assets can be classified into 3 types of SMA, before they become SMA :  

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