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    Question

    Which of the following is not a condition for

    classifying an account under Special Mention Account (SMA-1)?
    A Principal overdue between 31-60 days Correct Answer Incorrect Answer
    B Interest overdue between 31-60 days Correct Answer Incorrect Answer
    C Interest overdue beyond 90 days Correct Answer Incorrect Answer
    D Drawing power exceeded for 31-60 days Correct Answer Incorrect Answer
    E EMI delayed for 45 days Correct Answer Incorrect Answer

    Solution

    Once overdue exceeds 90 days, the account is classified as an NPA, not SMA-1.

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