Customer awareness - Classification of loan accounts as SMA & NPA

The classification of a loan account as Special Menon Accounts (“SMA”)/ Non-Performing Asset (“NPA”) is dependent on the period for which any payment, including Principal component and/ or Interest component, remains overdue from a borrower. In this regard, it must be noted that an amount shall be treated as overdue if it is not paid on the due date fixed/ agreed for the loan.