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What is CMA Data? Explain in detail.
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Answer Posted / rajesh
CMA means Credit Monitoring Arrangements. This full form of
CMA is as given by Reserve Bank of India. For arranging
working capital finance information about income, expenses,
assets & liabilities is required to be given in a specific
format to the bank by applicant. This specific format is
referred to as CMA Report / CMA Data. Audited P & L A/c &
Balance Sheet of at least last 1 year, estimates of current
year & projections of next at least 2 years are provided to
bank by the applicant along with Funds Flow Statement,
Ratio Analysis, Comparative Statement of Current Assets &
Current Liabilites & Statement of Maximum Permissible Bank
Finance. Number of years for which data is required may
vary from bank to bank. Even after getting the finance such
data is required to be submitted to the bank periodically.
| Is This Answer Correct ? | 573 Yes | 54 No |
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