Banks in a spot as most bad loans out of recast ambit

While the central bank has allowed a one-time debt recast for SMA-0 accounts—those with payments late up to 30 days—SMA-1 (31-60 days’ delay) and SMA-2 (61-90 days) are not covered.The central bank asked lenders to set aside 10% provisions against SMA-2 loans under moratorium in two tranchesREAD MORE