20th April, 2012, National Housing Bank, New Delhi.ppt

Procedures Procedure for Call for Applications for Empanelment Procedure for Selection of Valuers Procedure for Annual Performance Review Procedure for Conflict Resolution Procedure for Internal Work Allocation in Banks / HFIs Procedure for Aloting work to Valuers Annexures Format of Valuation Report ( more than Rs. 5 crores ) Format of Valuation Report ( upto Rs. 5 crores ) Format of Terms of Engagement for Empanelment of Valuers Format of Undertaking to be submitted by the Valuer for Empanelment Application for Empanelment of Valuer with Banks/HFIs Part D Way Forward : Next Steps Adoption of Handbook by the Boards of Banks and HFIs Distribution of Handbook to all Valuer Associations Placing of Handbook on IBA website Placing of Handbook on websites of Banks and HFIs Developing Internal Systems for Implementation of Handbook Training of Key Banking / HFI Officials on new regime based on the Handbook Training of Valuers in a) 6 months ‘prescribed valuation course’ and b) 2 weeks ‘prescribed valuation course’ so as to achieve the target by year 2015 Adoption of Handbook by the Boards of Banks and HFIs All the banks and HFIs need to pass a resolution in their respective Boards and formally adopt the Handbook by passing a resolution to this effect. Distribution of Handbook to all Valuer Associations All persons incharge of valuation services in various branches of the banks/HFIs need to have a copy of the Handbook with them. The Handbook needs to be distributed to all the branch offices internally in each of the banks / HFIs. For this, if needed, more copies need to be printed as the numbers may be huge. Placing of Handbook on IBA website The Handbook needs to be placed in the website of all the banks and HFIs so that there is full transparency on the standards being used, the processes and procedures. One should be able to download copies of the Handbook so that printing can be minimised. Developing Internal Systems for Implementation of the Handbook With