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Q13. Consider the following statements about Special Mention Account: 1. Before a loan account turns into an NPA, banks are required to identify incipient stress in the account. 2. SMA-0 is an account in which principal or interest payment not overdue for more than 30 days but account showing signs of incipient stress. Which of the following statements are correct? |
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Answer» Q13. Consider the following statements about Special Mention Account: 1. Before a loan account turns into an NPA, banks are required to identify incipient stress in the account. 2. SMA-0 is an account in which principal or interest payment not overdue for more than 30 days but account showing signs of incipient stress. Which of the following statements are correct? |
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