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Closely monitoring RBI-mandated Special Mention A/cs: IDBI Bk

Due to the Central Repository of Information on Large Credits (CRILC) system initiated by the Reserve Bank of India, the Special Mention Accounts (SMAs) are well captured, says Kishor Kharat, MD & CEO, IDBI Bank , adding,  the bank particularly monitors the SMA2 accounts very closely.   

CRILC is a framework set up by RBI to collect, store, and disseminate credit data to lenders.  Under this system banks are required to report credit information, including classification of an account as SMA-0 to SMA-2 based on interest repayment overdue period to CRILC for accounts above certain credit limit.

Kharat says while the accounts keep moving between the SMA categories depending on the cash flow of companies, IDBI has about eight accounts totalling credit of Rs 4,591 crore, which repeatedly feature in the SMA-2 category and on which the bank has initiated resolution measures.

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