i.e.
payments past due for a specified number of days, should be considered only as a threshold and loans which exhibit early signs of defaults should appropriately be classified, notwithstanding the fact that the loans are not past due for the period specified under different categories of risk classification. Further, the characteristics listed out for risk classification of various categories are not exhaustive and banks should grade all loans meticulously to capture the downside risks and classify the loans proactively into the following appropriate risk categories.