'Profession of valuation becoming more risky'

 
Delivering the presidential address at a workshop on ‘Valuation Profession - Risks and Responsibilities’ organised by the IOV Mangalore Branch here on Sunday, Bhat said that the responsibilities of valuers have been increased considerably in the modern changing economic scenario. The profession of valuation is becoming more risky as there are new challenges before valuers. Training valuers on risks and modern trends will help them handle any situations, he added.

He said that there are instances of fraudulence where property owners obtain loans from more than one bank forging a single document. In such situations, valuers should be very cautious, he said adding that valuers should update their knowledge on the changing policies and rules periodically.

Corporation Bank AGM M Dinkar Kamath inaugurated the workshop while Advocate P Ranjan Rao was the guest. State Bank of India AGM Sathyamoorthi, Karnataka Bank DGM Santhosh Kumar, valuers Satheesh Rao Iddya, S Prasad and Raviraj Thingalaya spoke on various aspects.