BANK OF BARODA NEW 2022 GUIDELINES & VALUATION FORMATS FOR CARRYING OUT THE VALUATION OF THE PROPERTIES
ISSUED BY THE RISK MANAGEMENT DEPARTMENT
Baroda Corporate Centre, Mumbai
riskmgmt.bcc@bankofbaroda. com
Looking to the significance of the value of properties, the Bank has circulated guidelines related to the valuation of properties (to be considered as securities)through the Global Credit Exposure Management Policy, Book of lnstructions, and various circulars. There has been differences in the guidelines for various types of advances.
Therefore a need was felt to realign the guidelines for different segments and accordingly a note on the valuation of the properties (to be considered as securities) was placed before the Credit Policy Committee in its meeting dated 04.10.2022 and the committee vides Agenda no. A-9 has approved the guidelines as mentioned in Annex I of this circular.
These guidelines will be applicable for advances across all segments. All other extant guidelines with regard to the valuation of properties, circulated through various circulars, Book of instructions/ operating manuals by different verticals stands withdrawn. Clarifications if any, should be routed to Risk Management Department through the Zonal Head/ Vertical Head only.
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