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Special Mention Account | IBPS PO Prelims & Mains Preparation - Bank Exams PDF Download

Overview

Before a loan account turns into an NPA (Non-performing asset), banks are required to identify incipient stress in the account by creating three sub-categories under the Special Mention Account (SMA) category as given in the table below:

Special Mention Account | IBPS PO Prelims & Mains Preparation - Bank Exams

It had set up a Central Repository of Information on Large Credits (CRILC) to collect, store, and disseminate credit data to the lenders. The later were required to report all such information here, including classification of an account as SMA, on all borrowers having aggregate fund-based and non-fund-based exposure of Rs 5 crore and above.

The document Special Mention Account | IBPS PO Prelims & Mains Preparation - Bank Exams is a part of the Bank Exams Course IBPS PO Prelims & Mains Preparation.
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