🚨 BREAKING NEWS

VALUERS PANEL TENURE EXTENDED FOR ANOTHER TWO MONTHS

Existing Empanelled Valuers to Continue Till 01 November 2026 or Completion of Fresh Empanelment Process, Whichever Is Earlier

Major Relief for Land & Building, Real Estate, Plant & Machinery and Agriculture Land Valuers

NEW DELHI, SEPTEMBER 2026: In an important development for the professional valuation fraternity, the existing panel of empanelled valuers for Land & Building, Real Estate, Plant & Machinery and Agriculture Land has been extended for a further period of two (02) Months, providing continuity to valuation services and bringing relief to valuers presently associated with the empanelment process.

As per the latest communication issued by the Credit Monitoring Department, Head Office, the tenure of the existing empanelled valuers, which was earlier extended up to 01 September 2026, has now been further extended up to 01 November 2026, or till completion of the fresh empanelment process, whichever is earlier.

The decision has been taken by the Competent Authority, i.e. the Committee of General Managers for Empanelment of Valuers, in view of the need to ensure uninterrupted valuation services for credit proposals as well as recovery-related matters.

🔴 WHY THIS EXTENSION IS IMPORTANT

The latest decision assumes particular significance in the backdrop of the suspension of the TPE Caution List by IBA.

The competent authority has considered it necessary to continue with the existing panel so that valuation-related activities do not face any interruption during the period in which the fresh empanelment process is being completed.

The continuation of the existing panel is therefore expected to facilitate the smooth availability of professional valuation services for various banking and financial matters.

📌 EXTENSION PERIOD

The important dates emerging from the communication are:

Earlier Extension:
Existing empanelled valuers were earlier continued up to 01.09.2026, or till completion of the fresh empanelment process, whichever was earlier.

Latest Extension:
The existing empanelment has now been extended for a further Two (02) Months.

Extended Validity:
Up to 01.11.2026

Important Condition:
The extension will remain valid only up to completion of the fresh empanelment process if that process is completed before 01.11.2026.

In other words, the effective cut-off will be whichever occurs earlier—completion of fresh empanelment or 01 November 2026.

🏦 CONTINUITY OF VALUATION SERVICES

The communication specifically advises all Zonal Offices, Branches, Hubs and Corporate Departments to continue availing the services of the existing empanelled valuers during the extended period.

This direction is significant because valuation reports constitute an important professional input in several banking functions, particularly in relation to credit proposals and recovery matters.

The continuation of the existing panel is intended to ensure that such valuation requirements continue to be handled without disruption while the fresh panel is under process.

🔎 FRESH EMPANELMENT PROCESS TO BE COMPLETED EXPEDITIOUSLY

Along with extending the existing panel, the competent authority has also emphasized the need for expeditious scrutiny of pending applications.

All concerned offices have accordingly been advised to accelerate the scrutiny process so that the fresh panel of valuers can be finalized at the earliest.

The latest communication thus serves two purposes:

Immediate continuity – Existing empanelled valuers can continue providing valuation services during the extended period.
Transition to fresh panel – Pending applications for fresh empanelment are to be scrutinized expeditiously so that the new panel can be finalized at the earliest.

👷‍♂️ WHAT IT MEANS FOR PROFESSIONAL VALUERS

For valuers currently appearing on the existing panel, the development provides an important continuation of their professional engagement during the transition period.

The extension covers the categories specifically referred to in the communication:

🔹 Land & Building Valuers
🔹 Real Estate Valuers
🔹 Plant & Machinery Valuers
🔹 Agriculture Land Valuers

However, valuers and concerned professionals should carefully note that this is an extension of the existing empanelment for a specified period, and it does not by itself constitute permanent or fresh empanelment.

The fresh empanelment process will continue, and the extended arrangement will cease upon completion of that process if it occurs before 01.11.2026.

⚖️ TPE CAUTION LIST DEVELOPMENT & VALUATION FRATERNITY

The reference to the suspension of the TPE Caution List by IBA is another important aspect of the latest development.

According to the communication, this development has been taken into consideration while deciding to continue the existing panel in order to maintain uninterrupted valuation services.

For the valuation fraternity, this highlights the importance of developments concerning valuer empanelment, professional eligibility, caution-list mechanisms and banking valuation assignments.

📢 A CLEAR MESSAGE FOR BANKING & VALUATION ECOSYSTEM

The latest decision effectively provides a two-month bridge period between the earlier expiry date and the completion of the fresh empanelment exercise.

The move is expected to avoid any possible administrative or operational vacuum in valuation services and ensure that ongoing banking and recovery-related requirements continue to receive professional valuation support.

At the same time, the direction for expeditious scrutiny of pending applications indicates that the fresh empanelment exercise remains a priority and is expected to move forward during this extended period.

📰 KEY TAKEAWAYS AT A GLANCE

Particular	Latest Position
Existing Panel	Continued
Earlier Validity	Up to 01.09.2026
New Extension	Two (02) Months
Extended Validity	Up to 01.11.2026
Alternative Cut-off	Completion of fresh empanelment, if earlier
Valuer Categories	Land & Building / Real Estate / Plant & Machinery / Agriculture Land
Reason for Continuation	Uninterrupted valuation services
Important Reference	Suspension of TPE Caution List by IBA
Authority	Committee of General Managers for Empanelment of Valuers
Offices Covered	Zonal Offices, Branches, Hubs & Corporate Departments
Next Priority	Expeditious scrutiny and finalization of fresh panel

🚨 CEV TECHНО NEWS ANALYSIS

The latest extension is undoubtedly an important development for the valuation fraternity, particularly for professionals presently associated with the existing panel.

By extending the tenure up to 01 November 2026, the competent authority has ensured continuity of valuation services while the fresh empanelment exercise progresses.

The communication also makes it clear that the extension should not be viewed in isolation. The simultaneous direction to expedite scrutiny of pending applications indicates that the ultimate objective remains the finalization of the fresh panel at the earliest.

For valuers, the development is therefore both a relief and a reminder—relief because existing valuation assignments can continue during the extended period, and a reminder that the fresh empanelment process remains crucial for the future panel.

The valuation fraternity should therefore closely monitor subsequent communications concerning the fresh empanelment process and final panel.

🗣️ CEV TECHNO NEWS EXCLUSIVE

“A TWO-MONTH WINDOW FOR CONTINUITY — BUT THE FRESH EMPANELMENT PROCESS REMAINS THE KEY NEXT STEP”

The latest communication provides clarity on the immediate status of existing empanelled valuers and ensures that valuation services required for credit proposals and recovery matters are not disrupted.

The next major development awaited by the professional fraternity will be the completion and notification of the fresh empanelment panel.

CEV Techno News will continue to track and report important developments affecting Engineers, Registered Valuers, Empanelled Valuers and the wider professional valuation ecosystem.