8.Some of the accounts in banks are classified as "Special Mention Accounts". What are these accounts? [A] The saving bank accounts which are paid higher interests on balance [B] The loans which have become bad loans [C] The loans which may become bad loans in future [D] The loans on which principal has been paid back but interest is yet to be received Show Answer
A loan account showing symptoms of stress as evidenced by a default in payment of dues will be classified as “Special Mention Accounts (SMA)”. Such accounts if not regularized within 90 days gets classified as “Non-Performing Asset (NPA)”. 6.
