RESERVE BANK OF INDIA
Valuation of Properties – Empanelment of Valuers
IMPORTANT KEY POINTS RELATED TO THE VALUATION PROFESSION
It has been observed that different banks follow different policies for valuation of properties and appointment of valuers for the purpose. The issue of correct and realistic valuation of fixed assets owned by banks and that accepted by them as collateral for a sizable portion of their advances portfolio assumes significance in view of its implications for correct measurement of capital adequacy position of banks. In this context, there is a need for putting in place a system/procedure for realistic valuation of fixed assets and also for empanelment of valuers for the purpose….
TO READ FULL CIRCULAR CLICK THE LINK BELOW