Question
Special Mention Accounts (SMA) are categorized to
identify early stress in loan accounts. Which sub-category denotes that the principal or interest payment is overdue between 31 and 60 days?Solution
The classification for SMA for regular accounts is: SMA-0 (1–30 days overdue), SMA-1 (31–60 days overdue), and SMA-2 (61–90 days overdue).
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Divide Rs 2500 into two parts such that the interest on one part at 12% for 2 years equals the interest on the other part at 6% for 4 years. Find the tw...
