Banking service chronicle

Banking service chronicle

Banking service chronicle Monthly Magazine by bsc academy-subscribe Published this article page no  48  SMA0 Principal or interest payment not overdue for more than 30 days but account showing signs of incipient stress  SMA1 Principal or interest payment overdue between 3160 days  SMA2 Principal or interest payment overdue between 6190 days  NPA Principal or interest payment overdue for a period of more than 90 days (or two crop seasons for short duration crops and one crop season for long duration crops).  Substandard Assets Asset that has remained NPA for a period less than or equal to 12 months.  Doubtful Assets Asset that has remained in the substandard category for a period of 12 months.  Loss Assets An asset where loss has been identified by the bank or internal or external auditors or the RBI inspection but the amount has not been written off wholly.. CHAMPIONS PORTAL  CHAMPIONS (Creation and Harmonious Application of Modern Processes for Increasing the Output and National Strength) portal was recently launched by Ministry of Micro Small and Medium Enterprises.  It is a technology driven Control RoomCumManagement Information System in which a network of control rooms is created in a Hub & Spoke Model.  It utilizes modern ICT tools to assist Indian MSMEs march into big league as National and Global champions through grievance redressal and handholding.  In addition to ICT tools including telephone internet and video conference the system is enabled by Artificial Intelligence Data Analytics and Machine Learning.  It is fully integrated with Centralized Public Grievance Redress and Monitoring System (CPGRAMS) and MSME Ministrys own other web based mechanisms banking service chronicle monthly magazine buy.

Banking service chronicle