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      Question

      Which of the following is not considered as a non

      performing asset?
      A Sub-standard asset Correct Answer Incorrect Answer
      B Doubtful Asset Correct Answer Incorrect Answer
      C Loss asset Correct Answer Incorrect Answer
      D Special mention account Correct Answer Incorrect Answer
      E None of the above Correct Answer Incorrect Answer

      Solution

      It is that loan asset/account in which the principal or interest payment or both have remained overdue for a continuous period of more than 90 days. A Special mention account (SMA) is that loan asset/account in which principal or interest payment or both are overdue but for a period less up to 90 days. It may also refer to an account which is showing any other non-financial signs of stress.

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