Questions and Answers
What action is required once stress begins in an account?
Extra monitoring and corrective action
How is an asset classified as SMA?
Non-payment of debt whole, part, or installment when due
What is the indicative list of financial difficulty in the context of account monitoring?
Irregularity in cash credit accounts
What is the consequence of default for credit facilities for running accounts?
Signup and view all the answers
What does the RBI Defaulter List primarily focus on?
Signup and view all the answers
Why is it difficult to bring an account back to order once overdue?
Signup and view all the answers
What type of accounts fall under Special Mention Accounts (SMA) classification?
Signup and view all the answers
In the context of account monitoring, what does SMA 2 represent?
Signup and view all the answers
What happens once an asset is classified as SMA?
Signup and view all the answers
What is the consequence of non-payment of debt for credit facilities for running accounts?
Signup and view all the answers
