Finance · 10 min read
Step-by-step guide to preparing CMA (Credit Monitoring Arrangement) data for Indian bank loans: 7 statement format, what data to fill, common mistakes banks catch, and how to check your MPBF.
Which format do Indian banks accept for CMA?
All major public sector banks (SBI, PNB, BOB, Canara, Union Bank, Indian Bank) accept the IBA (Indian Banks' Association) standard CMA format. Private banks may have proprietary formats but accept IBA CMA too. The 7-statement structure is universal. Our reports generate CMA in this exact format.
How many years of data does CMA need?
Standard CMA data covers 2 years of actual historical financials (from audited accounts or ITR) and 5 years of projections. For new businesses with no history, only projected data is required — clearly marked as estimates. Banks prefer 3 years actual data when available.
What is the biggest mistake in CMA reports?
The top three mistakes: (1) historical actuals don't match ITR/GST filed returns — banks cross-verify this. (2) MPBF calculated incorrectly — loan amount exceeds MPBF ceiling. (3) Revenue growth projections are too aggressive (>40% YoY) without market justification. These cause rejection or delay while banks request corrections.
Do all loans need CMA data?
MUDRA Shishu (up to ₹50K): no. MUDRA Kishor (₹50K–₹5L): sometimes requested. MUDRA Tarun (₹5L–₹10L): usually required. MSME loans ≥ ₹10L: almost always required. Working capital (CC/OD) ≥ ₹5L: required. Term loans above ₹25L: always required. When in doubt, include it — a good CMA strengthens the application.