Early Recognition of Financial Distress, Prompt Steps for Resolution and FairRecovery for Lenders: Framework for Revitalising Distressed Assets in the Economy Please refer to the Framework for Revitalising Distressed Assets in the Economy (Framework) issued by the Reserve Bank on January 30, 2014. The framework covered in the guidelines, which would be fully effective from April 1, 2014, has outlined a corrective action plan that will incentivize early identification of problem account, timely restructuring of accounts which are considered to be viable, and taking prompt steps by lenders for recovery or sale of unviable accounts. In the background of the above, to the extent it is applicable to NBFCs, the following guidelines are issued to NBFCs. The Reserve Bank of India has set up a Central Repository of Information on Large Credits (CRILC) to collect, store, and disseminate credit data to lenders as advised by the Bank in its Circular dated February 13, 2014 issued by the Department of Banking Supervision. All systemically important non-banking financial companies (NBFC-ND-SI), NBFCs-D and all NBFC-Factors, (Notified NBFCs, for short) shall be required to report the relevant credit information on a quarterly basis to CRILC once the XBRL reporting mechanism is established. For more detail, please refer to out circular on Early Recognition of Financial Distress, Prompt Steps for Resolution and Fair Recovery for Lenders: Framework for Revitalising Distressed Assets in the Economy CC no. DNBS (PD) CC.No.371/03.05.02/2013-14 dated March 21, 20104. NBFCs will receive ID & password from
[email protected] on Email id provided by them. NBFCs has to login into the system by using the Url given in email provided by
[email protected]. 1. Click on the link : https://125.18.33.234/orfsxbrl/customer/index.jsp 2. If you are facing some website security certificate error then click on “ Continue to this website” 3. Login into system with ID, password & Bank code received from
[email protected] Please make sure you change the password and update your profile after login for first time. 4. To download the return format, please click on “Download Return Package” Then select the return type (Please download both the return) FORM NBFC CRILC FORM NBFC CRILC SMA 2 JLF Formation It will some time as file size is around 21.3 MB (CRILC) & 19.9 MB (SMA-2) After downloading the file, it will ask to install the file (2003/2007 version) Please make sure following pre-requisite software is present on your system before running RBI Template installer. (Check the attachment on “Installer Pre requisites” & “ Installation Guides’)- Very Important. After completing installation, RBI template will be created on your desktop. If you encounter any problem while installation, please refer to our “Installation Guide & FAQs” or you can send email on “
[email protected] “- Very Imp Click on the CRILC template created on desktop. . If the above window does not appear.Very Imp .org.in “. please refer to our “Installation Guide & FAQs” or you can send email on “
[email protected] CRILC window template will get open. they can report as “No”) General Remarks: for any comments . Report status: Audited/Unaudited Nil Reporting : Yes/No ( if NBFCs does not have exposure more than Rs 5 cr to any company/individual. The system will load the taxonomy. You will get the Name of Institution & Report date automatically.Institution type: NBFC Banking working code: enter the working code assign to you (refer to mail received from xbrl) Bank Name: Click on “Get Bank name”. If system does not load the data . Very Imp ( do not type the company name in your style/format). the just click ok button. If some error occur. Copy the name of Company from the Sheet given “CRILC” and paste in Bank Name. Report status: Provisional/Final ( Provisional means you can modify it afterward) Reporting Ref Date: 30 June/30 Sept/31 Dec/31 March The system will automatically load “Pan Master ““Nic Master & Bank Master& Group Master. forming Joint Lenders Forum (JLF) and finalising appropriate Corrective Action Plan (CAP) to deal with the emerging distress. NBFCs are also required to furnish details of all current accounts of their customers with outstanding balance (debit or credit) of Rs 10 million and above. there is no system of reporting change in status of accounts reported earlier as SMA-2 to CRILC. 50 million and above with them (including investment exposure) and above with them and the SMA status of the borrower. NBFCs have also been reporting details of their Special Mention Accounts-2 (SMA-2) on real time basis to CRILC.e.NBFCs are required to report o o CRILC: Quarterly Data/information on: Large exposures of size Rs 5 crore and above Non-cooperative borrowers SMA-2 : Daily/as and when basis data/information on: SMA 2 borrowers [to be reported immediately on classification of the borrowers as SMA 2] Formation of Joint Lenders Forum (JLF) The Guidelines require NBFCs to furnish credit information to CRILC on their borrowers having aggregate fund-based and non-fund based exposure of Rs. When a NBFCs reports a borrower as SMA-2 to CRILC. the system sends an auto flash to all other banks which are exposed to the account in order to enable banks to take actions as envisaged in the framework viz. for all the borrowers who’s exposure is reported by any of the lender banks.Outstanding in memo/shadow heads. SMA-2 accounts are those where repayment of principal and or interest is due between 61-180 days.Section 2 . In order to capture early warning signals of financial distress faced by borrowers.Section 3 . etc. All sections has to be reported together and reporting reference date has to be quarter ended date (June-30/Sept-30/Dec 31/March 31). Currently. the Framework requires banks to report. Banks are required to furnish details of “Amount technically/prudentially written Off . Report status should . The guidelines also require NBFCs to furnish report information on Non-cooperative borrowers Apart from reporting exposure details on quarterly basis.Reporting of Balance in Current Account and Section 4: Reporting of Non cooperative Borrowers .Reporting of Technically/Prudentially Written-off Accounts . among others. Section 1: Exposure to Large Borrowers . the Special Mention Accounts (SMA) status of the borrower to the CRILC. CRILC-Main (Quarterly Submission): This return comprises of four sections i. Information on formation of JLFs are captured on as and when basis. . Existing Borrowers PAN Master can be downloaded from the XBRL portal and it contains all the PAN details of borrowers reported by the Bank & NBFCs. Reporting currency should be Indian Rupees and reporting unit is lakh Section 1: Exposure to Large Borrowers This section captures data in following 51 data fields. Capital Funds of the Bank (NBFCs): ( Rs in Lakh) Regulatory Capital (Tier-I and Tier-II Capital) of previous March: Capital Infusion during the period (April to date): Note: The regulatory capital as per extant guidelines on capital adequacy 1. Then select the Pan Number of customer you want to add. Double Click on green cell to get the Pan Number Pop up.be Provisional or Final as the case may be. PAN Number Permanent Account Number (PAN) allotted by Income Tax Authorities as the unique identification string to ascertain borrower uniqueness. Group Code Double Click on green cell to get the Borrower Group code Pop-up.To add PAN details of new borrower. In case of Proprietary firm. Borrower name will populated automatically by selecting the PAN of borrower and vice-versa. Then select the Borrower Group code. banks have to submit PAN details (either by bulk upload or single borrower) using an on-line form/system. The correctness of new PANs reported by banks is checked by the server by verifying from NSDL database and correct PAN will be added to PAN Master and bank will receive system generated mail with status of verification. . 2. Currently system of adding the PAN details is not available for NBFCs. Borrower/Customer Name: This field is master based has one to one link with PANs of borrower as explained above. 3. In case of rejected PANs bank has to resubmit the correct details. proprietor’s PAN and name to be reported and exposures will be reported in proprietor’s name. g. irrespective whether the bank has exposure to these companies or not.) Group Master is maintained at RBI to ensure unique name of the group borrower across the system. Banks have to report the individual borrowers under a group as per their records maintained for group exposure monitoring. 4.. etc. ABC Group. Individual borrower companies. While uploading new group bank has to ensure - Group Name should contain the word 'Group' as part of the name (e.These fields are master based and approved group master can be downloaded from the XBRL portal. The select the . to ensure that individual borrowers are not being added as a distinct group. Currently system of adding the Group Code is not available for NBFCs. banks must give more than one companies names belonging to the group. Group Name This field is master based has one to one link with Group Code of borrower as explained above 5. which does not belong to any group should be reported under "Not belonging to any Group" with group code "Z9999" Under "Individual Companies under the Group". The groups are not linked to the individual borrowers/PANs. XYZ Group. To add any new group bank has to upload the details in the portal and new group will be added to master after approval from Department of Banking supervision. Industry Code Double Click on green cell to get the Borrower Industry Code Industry Code code Pop-up. These fields are to be selected from pre-defined master and included in the Return upload package. Industry Name: This field is master based has one to one link with Industry Code of borrower as explained above . Borrower has to be classified under one of the industry based on the nature of the business and incase borrower has availed multiple facility different industry. industry of largest exposure should be selected. 6. (Master can be obtained by downloading return upload package from the portal). Sector Code Data for this field (private.7. . Joint. Public-state Government etc) is to be selected from the pre-defied master (Master can be obtained by downloading return upload package from the portal). Multiple Arrangement. based on type of arrangement. Banking Arrangement: Data for this field (Sole. 7- . Consortium etc) is to be selected from the pre-defined master. 6-Multiple Arrangement and Consortium.8. Lead Bank Name: Data in this field required in case banking arrangement is Consortium (In case of option for banking arrangement is 3-Consortium 5-Sole and Consortium. 9. Composite rating of the borrowers should be reported.e. This data is to be entered as per banks internal rating. External Rating: This filed refers to banks internal rating on borrower’s credit worthiness as assessed by external rating agencies like CRISIL etc. The rating used by the bank for capital adequacy compilation as per extant RBI guidelines on capital adequacy. Asset Classification and Provisioning pertaining to Advances. Data is to be selected from the pre-defined master.Sole.. . Consortium and Multiple Arrangement) 10.. only rating should be reported).e.In case the borrower is NOT rated. No comments or remarks should be added (i. Internal Rating: This filed refers to banks internal rating on borrower’s credit worthiness. only rating should be reported). report 'UNRATED' 11. report 'UNRATED' 12. Assets Classification: This field refers to asset classification as per the extent RBI Circular on Prudential norms on Income Recognition. No comments or remarks should be added (i. In case the borrower is NOT rated. 14. This field applicable only if Assets Classification is Standard. SMA-2 and NA). In case of multiple overdues. . SMA-1. worst overdue position should be reported.13.1 of Frame work on Stressed assets (SMA-0.. SMA-0 [Principal or interest payment not overdue for more than 30 days but account showing signs of incipient stress]. SMA-1 [Principal or interest payment overdue between 31-60 days]. as per the extent RBI Circular on Wilful Defaulters. and Regular. Borrower Classified as Fraud/Wilful Default: Data is to be selected from the pre-defined master. SMA-2 [Principal or interest payment overdue between 61-180 days]. Special Mention Accounts(SMA): This field refers to SMA classification as per para 2. the reasons thereof: This field is applicable only if SMA classification is SMA-0.15.O under SMA. Data is based on pre-deified master. . In case SMA . as on date of reporting i.16. Fund based Exposure details Limit Sanctioned – Funded: This filed refers to total limit sanctioned for the borrower i. Asset Classification and Provisioning pertaining to Advances. Working Capital . Other Funded Outstanding. Funded Credit Exposure: or more than MINIMUM of Funded Credit Exposure should be equal . e Total Funded – Outstanding: Total of facility wise funded amount outstanding as on date of reporting and it is calculated field Amount Eligible for netting from Funded Exposure: Amount that is eligible for netting from the funded exposure as per as per the extent RBI Circular on Prudential norms on Income Recognition. Demand Loan.e aggregate of limit sanctioned for all fund based lending. Inland Bills. Packing Credit . Amount Outstanding – Funded: Facility wise amount outstanding Cash Credit/ Overdraft.Export Bills. Term Loan and Bills discounted in respect of sales on deferred payment basis. Non Funded Credit Exposure: Non-Funded Credit Exposure should be equal or more than MINIMUM of (Non-Funded Limit Sanctioned MINUS Amount Eligible for netting from Non-Funded Exposure) Or (Total Non-Funded Outstanding MINUS Amount Eligible for netting from Non-Funded Exposure) 18.Other Non-Funded Outstanding.e Letter of Credit. 19.e aggregate of limit sanctioned for all non fund based lending. Total Non Funded – Outstanding: Total of facility wise non-funded amount outstanding as on date of reporting and it is calculated field Amount Eligible for netting from Non Funded Exposure: Amount that is eligible for netting from the non-funded exposure as per as per the extent RBI Circular on Prudential norms on Income Recognition. . Guarantees.(Funded Limit Sanctioned MINUS Amount Eligible for netting from Funded Exposure) Or (Total Funded Outstanding MINUS Amount Eligible for netting from Funded Exposure) 17.Interest Rate Derivatives (incl FX Interest Rate Derivatives). Investment Exposure details Total Investment Exposure: Investments in bonds/debentures issued by the borrower/obligor.Fund based Exposure details Limit Sanctioned – Non Funded: This filed refers to total limit sanctioned for the borrower i. Other Calculated/derived data fields (calculated automatically) Total Limit Sanctioned to the Borrower: Sum of limit sanctioned funded and limit sanctioned non-funded.Acceptances. Asset Classification and Provisioning pertaining to Advances. Non. Foreign Exchange Contracts. Amount Outstanding – Non Funded: Facility wise amount outstanding as on date of reporting i. advances under collection account (AUCA). etc: This includes technical/prudential write-offs. exposure of borrower (Indian or Overseas) has taken exposure(s) only from Overseas branch (es) of Indian bank. etc. TE as % of Capital Funds: Total exposure as % of capital fund (Regulatory capital up to March of previous year + capital infusion from April to date). 20. should be reported. if any of the facility is restructured (DD/MM/YYYY): This detail to be given only for restructured accounts Total Provisions Held For NPAs: This details of be given only for NPA accounts Of the Total Amount Outstanding (Funded and NonFunded). Unsecured Amount Outstanding: Unsecured outstanding amount to be given. Miscellaneous fields Of TE. Amount technically/prudentially Written Off Outstanding in memo/shadow heads. Balance in Current Account: Balance in Current Account if any irrespective of debit (-)/credit (+) balance. Total Amount Outstanding (Funded + Non Funded): Sum of amount outstanding funded and amount outstanding non funded Total Credit Exposure (TCE): Sum of funded credit exposure and non- funded credit exposure. . Exposure through Overseas' Branches of Indian Banks: Out of total exposure. Date from which Restructuring Scheme became effective. Total Exposure (TE): Sum of Total Credit Exposure and Total Investment Exposure. TCE as % of Capital Funds: Total credit exposure as % of capital fund (Regulatory capital up to March of previous year + capital infusion from April to date). click on delete selected row For Bulk Uploading of data. After that Click On “ Map RLC Excel “ to upload the file in CRILC. then click on “ add row below” To delete the row. etc. the click on iFile. please use add row below . If there is error in uploading. Date When Prudentially / Technically Written Off (DD/MM/YYYY): Date to be provided if any amount is entered in Amount technically/ prudentially Written Off Outstanding in memo/shadow heads. keying that required data then save the file.ins. Use CRILC excel file . To add the row: Click on Add. etc As explained in Section 1: Exposure to Large Borrowers Date When Prudentially / Technically Written Off (DD/MM/YYYY): As explained in Section 1: Exposure to Large Borrowers . (Related data is included in Section 1) PAN Number: As explained in Section 1: Exposure to Large Borrowers Borrower/Customer Name As explained in Section 1: Exposure to Large Borrowers Borrower Group Code: As explained in Section 1: Exposure to Large Borrowers Group Name: As explained in Section 1: Exposure to Large Borrowers Industry Code: As explained in Section 1: Exposure to Large Borrowers Industry Name: As explained in Section 1: Exposure to Large Borrowers Amount technically/prudentially Written Off Outstanding in memo/shadow heads.Section 2 .Reporting of Technically/Prudentially Written-off Accounts This section comprises 8 data fields and borrower who’s exposure data is captured in Section 1: Exposure to Large Borrowers should not be repeated. Section 3 . Borrower’s Current Account balance with more than 1. (Related data is included in Section 1).00 Crore should be reported irrespective of Debit Balance (-)/Credit Balance (+). PAN Number: As explained in Section 1: Exposure to Large Borrowers Customer Name: As explained in Section 1: Exposure to Large Borrowers (Balance in Current Account: As explained in Section 1: Exposure to Large Borrowers. .Reporting of Balance in Current Account: This section comprises 3 data fields and borrower who’s exposure data is captured in Section 1: Exposure to Large Borrowers (Global Operations) should not be repeated. Prompt Steps for Resolution and Fair Recovery for Lenders: Framework for Revitalising Distressed Assets in the Economy Circular No. then amount under this column should match with corresponding amount in section 1.02/2013-14 dated March 21. If same borrower is reported in Section 1. 2014 This section comprises 8 data fields.371/03. DNBS (PD) CC. . Total Exposure: As explained in Section 1: Exposure to Large Borrowers.Section 4: Reporting of Non cooperative Borrowers For definitions of “ Non cooperative Borrowers” please refer to our circular on Early Recognition of Financial Distress. PAN Borrower: As explained in Section 1: Exposure to Large Borrowers Borrower Name: As explained in Section 1: Exposure to Large Borrowers.05.No. Total Amount Outstanding (Funded + Non Funded): As explained in Section 1: Exposure to Large Borrowers. This data is must against each Director Name. If same borrower is reported in Section 1. Independent. etc is to be provided. any other reason (which is not pre-defined) can be entered. . Details director such as Full Time.Cooperative Borrower: This field is pre-defied master based. then amount under this column should match with corresponding amount in section 1. This field is not mandatory. Reasons for Categorising as Non . Nominee. Director Identification Number. Status: This field is pre-defied master based. Govt. By selecting other. It is an unique Identification Number (Eight digit) allotted to an individual who is an existing director of a company or intends to be appointed as director of a company pursuant to section 266A & 266B of the Companies Act. Full Name of Directors/ Partners/ Sole Proprietor: Minimum of one name is mandatory for each non-cooperative borrower. 1956. Non-executive. After that you have to run the file.Authorised Signatory Name Designation Mobile No. Landline No. Land line no. E-mail Id Please enter the name. . designation. mob no. Email id of person who is authorised to upload the document. First click on Add-Ins. then click on Generate Instance Document .To run the file click on “Generate Instance Document”. then iFile. .Then system will run the file it will take some time depending upon the amount of data. the system will prompt to correct the error then only you can run the sheet. If there is error. . the system will prompt you to save the file as xml file.If there is no error while running the file. To upload the file in CRILC. Log into the system. the save the file. To upload returns. Signed Using: Click on Symmetric Encryption . click on “Upload Returns” Select reporting date and then report status Then upload encrypted instance document. then select the mode of encryption as “encryption.It will ask to encrypt the file. click on “publish filings” Then select date. the click on return.Then Click on upload button. .” To check the status of return. After uploading the document. the system will report as “Instance document has been uploaded successfully. SMA-2 Return Download the SMA-2 return & install return. . CRILC-SMA 2 and JLF Formation (Submission on 'as and when' basis): There will be two sections in this return which are to be submitted on as and when basis.e. Reference Date of Return: Date for the reference of the return (Date of SMA2. . Section 2 Formation of JLF will be inactive /hidden and on selecting Formation of JLF Section -1 SMA2 will be inactive /hidden. i. General Information: Following general information is to be provided Bank Code : Bank code as per Bank’s working code: Name of the Reporting Institution: Name of the reporting bank/AFI/Insurance companies.Click on “Reporting of SMA 2 & or JLF. General Remarks: Any additional information can be added using a text box in this field. To be selected based on type of data to be reported.data compilation) Reporting of SMA2 and/or JLF: One of the options from SMA2/Formation of JLF/Both are to be selected based on reporting. On selecting SMA2. whenever a large borrower's account becomes overdue for 61 days and/or a Joint Lenders Forum (JLF) is formed in respect of a SMA 2 classified borrower. Section 1: Exposure to Large Borrowers. Secured Amount (as per latest valuation): Total secured amount is to be provided (aggregate secured amount in case of multiple securities) Type of Security: This field is pre-defied master based. Amount Outstanding (Funded + Non-funded) when the Borrower Classified as SMA-2: Total outstanding amount (All facility clubbed together in case of multiple facilities) as on date of classifying as SMA2. . any other type of security (which is not pre-defined) can be entered. Section 1: Exposure to Large Borrowers . Type of security such Mortgage /Pledge / Hypothecation/ Government Guarantee is to be selected. Whether the Borrower was classified as SMA-1 during the past one year (Y/N) : To Be provided as per NBFCs records.SMA2 Reporting: Section 1 PAN: PAN of borrower is to be provided as explained in CRILC-Main. Date when the Borrower Classified as SMA-2 (DD/MM/YYYY): Date when repayment of principal and or interest is overdue for 61 days. Borrower Name: Name of borrower is to be provided as explained in CRILCMain. By selecting other. same can be added. FI. . same may be provided. Section 1: Exposure to Large Borrowers. Remarks (up to 100 characters): In case bank wants to provide any additional information. NBFC. Section 1: Exposure to Large Borrowers. Borrower Name: Name of borrower is to be provided as explained in CRILC-Main. Remarks: In case bank desires to provide any additional information. Date when the JLF was formed (DD/MM/YYYY): The date when all the members of the JLF have signed the agreement. Other): This field is pre-defied master based and Type of JLF member such as Bank/FI/NBFC/Others etc to be selected. then dates (at most three dates) (dd/mm/yyyy) : To Be provided as per banks records. Type of the JLF Member (Bank. SMA2 Reporting: JLF Formation: PAN: PAN of borrower is to be provided as explained in CRILC-Main.If 'Y' for the column 'F'. Name of the JLF Members: All Names of the JLF members is to be given.(to be reported in multiple rows). Click on Add ins. then report status Then upload encrypted instance document. To check the status of return. then click on “generate instance document” If there is no error while running the file. click on “Upload Returns” as SMA-2 Select reporting date. Designation.. click on “publish filings” Then select date. the click on iFile. To upload returns. . the system will prompt you to save the file as xml file To upload the file in CRILC.Authorised Signatory: Signatory information such Name. Mobile No. Landline No. the click on return. Log into the system. E-mail Id etc are to be given in the sheet provided for the same To run the document. X).Clarifications /precaution on various issues in CRILCMain 1. EXIM Bank and NHB. Industry Classification: Incase borrower has multiple facilities with the bank. 4. Exempted Exposure reporting: a. Industry classification “Others” to be used sparingly only in case of borrowers belongs to industry which is not listed in the master. 3. In such cases. please always use paste special => values). SIDBI. However. etc. there is no distinct limit for funded & non-funded exposures and/or there is common limit for funded/non-funded exposures.100. the limit to be reported should be the maximum amount that can be availed by the borrower under funded facilities and/or non-funded facilities (typical example: Limit-Total=Rs. Crop loans are exempted from such reporting. b.X. banks may re-submit PAN details copying the names (from the system generated PAN verification alert) provided in the column 'Borrower Name as per NSDL' (For copy-paste. banks should report their other agriculture loans in terms of the above instruction . industry classification should be done based on largest facility.Limit Funded and Non Funded: In case. Limit-Non-Funded=Rs100-Rs. Addition of new borrower PAN in the PAN Master: PANs may be rejected by the PAN verification module even if 'Borrower Name as per NSDL' and 'Borrower Name as per Bank' are apparently same because of space(s) between words/ full form or short form of the name. 2. Limit-Funded=Rs. Banks need not report their interbank exposures to CRILC including exposures to NABARD. Incase borrower is classified as SMA2 on the basis of one account and if another account also over due for more than 60 days. If Friday happens to be a holiday. a borrower classified as SMA2 on a particular date should be reported only once on the same day or next day. 2 The SMA2 reporting is as and when basis. 3 SMA2 classification is for the borrower and not account-wise.Clarifications /precaution on various issues in CRILCSMA2/JLF Formation 1 JLF formation should be reported only by the convener of JLF and not by other member banks. banks are permitted to do so to avoid accumulation of large number of SMA2 reporting for the last day. reporting of SMA2 again for the same borrower is required only if earlier SMA2 classified account has been upgraded. Incase bank desires to report before to reporting Friday. so. Repeated reporting of SMA2 status of a borrower would be required only if the borrower had got upgraded. if it senses imminent stress. 4 JLF is to be formed within the 45 days from the (i ) the date of an account being reported as SMA-2 by one or more lender. they will report the same on the preceding working day of the week. . or (ii) receipt of request from the borrower to form a JLF. 5 Banks are permitted to report their SMA-2 accounts and JLF formations on a weekly basis at the close of business on every Friday. with substantiated grounds. In Sec 3 balance in Current Account banks are reporting in actual instead in Rs. Delayed reporting of SMA2 may not serve the intended purpose.Commonly observed problems/ mistakes in reporting CRILC-Main and CRILCSMA2/JLF formation. 4. In some occasions some well known borrowers are classified under “Others”. 5. This may happen due to cut and paste of data from other files. Before reporting banks should ensure PAN of the borrower is available in the RBI PAN Master to avoid validation failure at server level. for copy-paste. Lakh. Banks are reporting SMA 2 status of the borrower with considerable delay. Banks are advised to use paste special => values. . While uploading banks have to use same option for “Provisional” /”Final” which has been captured while initiating the installer template. 1. Banks are changing the formatting /comments in the installer/excel file for importing data. 3. Banks are responsible to wrong reporting of SMA2 classified borrowers. CRILC-Main 1. Industry classification “Others” option to be used sparingly and it is observed more than 15 % borrowers accounts are classified as “Others”. 2. CRILC-SMA2/JLF Formation. Banks are advised to have robust MIS system in place to avoid wrong reporting of SMA2 borrowers. In Sec-1. 2.