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Special Mention Account also known as SMA are loans which are overdue for payment minimum 2 month

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11y ago

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Related Questions

How does a loan account becomes NP account?

WHEN A LOAN ACCOUNT BECOME np ACCOUNT


What does OAEM stand for?

Other Assets Especially Mentioned, or simply, "Special Mention". - It is a loan risk rating category between "Pass" and "Substandard".


What does account duration mean in a loan?

what does account durration mean when getting a loan


Can I take a loan from an IRA account?

No, you cannot take a loan from an IRA account.


Can you take a loan from your IRA account?

No, you cannot take a loan from your IRA account.


Journal Entry for purchase of vechile on loan loan from finance co?

Bank account DR To Loan account


What is the entry for bank loan account?

Debit Bank Account - Assets Credit Bank Loan Account - Liability


Where can you get a loan in Dubai without having an account?

One cannot get a loan in Dubai without having an account. The best bet is to open an account and then apply for the loan after the account has been open for a few months.


Is loan account real nominal or personal?

Loan account is a personal account in nature so increase with debit and decrease with credit.


Can I get a loan if I don't have a bank account?

No. Even if you qualify for a loan by means of age or employment or income, the bank will ask you to first open a bank account before you are granted a loan. so, in order to get a loan you need a bank account.


How can you get a personal loan without a bank account?

You cannot. Banks usually expect an auto-debit instruction from a bank account for the monthly payments for the loan. That can happen only if you have a bank account and so you cannot get a personal loan without a bank account. Banks would ask you to open an account if you want a loan with them.


Can you get a loan with a saving account?

No! You must have a credit account!