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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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