MONITORING OF SMAs AND OTHER ACCOUNTS ABOVE Rs. 5 CRORES
In recent past, perturbed by high inflation, RBI has increased key policy rates to tame high inflation. This has led to increased cost of servicing bank loan and relative lull in the economy. As a result there has been a spike in NPAs. Recognizing this trend RBI has advised Banks to put in place early NPA detection controls and close monitoring of these Accounts.
Our Team SPMC with its technical expertise and holistic approach can identify early signs of weakness in Borrower’s financials. Such services will enable the potential weaknesses in Special Mention Assets does not result in deterioration of the repayment prospects and subsequent adverse asset classification. This will enable Bank to establish suitable vanguards against any adversity.