EMPANELMENT OF VALUERS FOR STATE BANK OF INDIA SBI
YEAR 2025-26
KEY INFORMATION AND GUIDELINES
Several banks and organizations in India are currently engaged in or have recently completed the process of empanelling valuers for the financial year 2025-26. Here’s a summary of the key information gathered:
1. General eligibility criteria for empanelment
- Educational Qualifications and Experience: Valuers need to possess the necessary educational qualifications and relevant work experience in the field of valuation.
- Membership in Valuer Associations: A valuer must be a member in good standing of any of the recognized valuer associations in India, like the Council of Engineers & Valuers, etc., and should be registered as a Registered Valuer Organization (RVO) with the IBBI.
- Minimum Age: The minimum age for empanelment is generally 25 years.
- References: Valuers should provide reference letters to verify their competence and quality of service.
- Clean Record: Valuers should not have been found guilty of misconduct, removed from previous valuation services, or involved in any fraudulent activities.
- PAN and GST: A valid PAN Card number and GST number (for Category “A” valuers) are typically required.
2. Bank-specific empanelment details
- State Bank of India (SBI): SBI invites applications for empanelment of vendors, including valuers. They have detailed guidelines for empanelment as a valuer.
3. Important considerations for valuers
- Bank’s Discretion: Banks reserve the right to reject applications without assigning any reason.
- Performance Review: Empanelment can be revoked if a valuer’s performance is deemed unsatisfactory or they are involved in misconduct.
- Compliance with Standards: Valuers must adhere to the standards and procedures set by the empanelling authority, including Internationally Accepted Valuation Standards (IVS).
Note: It’s crucial for interested valuers to refer to the specific guidelines and application forms provided by each individual bank or organization they wish to apply to, as the requirements may vary slightly. Always check the official websites and public notices for the most up-to-date information regarding empanelment processes and deadlines.
