LatestCorporate Compliance 22 October 2026
Common CMA Mistakes Delay Bank Loans
Bank loan approvals often stall due to inaccurate CMA data when banks receive incomplete or inconsistent financial statements. A banker points out frequent errors like wrong NCD classifications, missing deposit details, and non‑compliance with Rule 21cvi, each of which can lengthen the sanction timeline.
Bankers warn that incorrect CMA data is a leading cause of delayed loan sanctions. Details from the original article highlight the most common oversights.
- Misclassifying unsecured NCDs as company deposits
- Omitting or misreporting deposits under Rule 21cvi
- Providing inconsistent or incomplete financial statements
Correcting these items early can shorten the approval process and improve compliance with banking regulations.
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