Under the existing framework, loan accounts are classified as Special Mention Accounts based on the period of overdue payments, with categories corresponding to 30 days, 60 days and 90 days

The RBI had cleared Bagchi's remuneration while approving his appointment. He is an additional director on the board at present, and set to take over on October 27 as the MD and CEO after the end of incumbent Sashidhar Jagdishan's term