To enhance reliability on stock valuation and minimize

Solution

To address the issue of divergence in the assessment of security value, it is mandatory for NPAs with a balance of ₹5 crore and above to undergo stock audit at annual intervals by external agencies appointed as per the guidelines approved by the Board. This measure aims to enhance the reliability of stock valuation. Additionally, collaterals such as immovable properties charged in favor of the bank should be valued once in three years by valuers appointed as per the guidelines approved by the Board of Directors.