According to RBI Banks are required to classify Special Mention Accounts (SMA) for which of the following reasons?
A. Categorization for different sectors in Priority Sector Lending
B. Capital norms as per Basel III norms.
C. Early recognition of stressed assets.
D. None of the above
Answer:C
According to RBI Banks are required to classify Special Mention Accounts (SMA) for which of the following reasons?
A. Categorization for different sectors in Priority Sector Lending B. Capital norms as per Basel III norms. C. Early recognition of stressed assets. D. None of the above