saudilesno.blogg.se - Cma data preparation software

You are at an unprecedented phase in banking sector where as a credit officer you need to think not just about what your senior officer says about the proposal nor what the DGM/GM says nor what that sanctioning authorities like ED/CMD/MC say … but you have to now think what gaps will CMRD point out, which areas are likely to be pointed out in inspection, what if this account turns bad 5 years from now then which areas in the proposal will be pointed out for being lax?.

We all got away with rash sanctions and lax monitoring during 2008 to 2013 in the name of targets when times were good and lending was aggressive.

The high level of NPAs and frauds in banking industry is now making monitoring and scrutiny of credit sanctions very severe.

I need not tell you these are particularly troubling times for bankers.These are challenging times for banking industry In most cases you know the gaps in financials, projections and still have to fight time to put up the proposal with available information. And then a few weeks later CMRD or Inspection sends a letter pointing out various gaps in the proposal and you wonder “Do they think I don’t know those gaps exist?”. In the meanwhile there is pressure from higher-ups to put the proposal and you end up pushing the half-baked process note fully knowing the gaps.How many times have you or your colleagues yourself done the changes vexed up with the company not making changes as per your suggestions? How many times the cash budget submitted by the company makes you wonder whether do they even know what cash budget is?.In the midst of this correspondence, due to lack of clarity on what exactly you need and also due to limitations in Excel templates used by credit consultants, you again get revised proposals this time with new gaps. When you receive a proposal with gaps, you dash off a letter to company asking for clarifications and to revise the projections.Most of those changes pertain to non-compliance of sanction terms like non-infusion of envisaged capital, lack of minimum NWC, etc.

But your experience must have given ample proof that no proposal comes error-free. Bankers do not prepare CMA data- the data is already submitted by companies and they have to just analyse them.Credit officers and bankers working in advances must also have experienced difficulties of a different kind.