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Professional fees to be increased by banks

 
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djagan1949



Joined: 07 Jan 2009
Posts: 315

PostPosted: Fri Mar 13, 2020 11:01 am    Post subject: Professional fees to be increased by banks Reply with quote

Dear Members,

Now most of the banks have taken valuation to a different level. They expect a high tech way of doing valuation by sending assignment by mail and receiving the report by mail immediately. Later they want hard copies of valuation report to be given for file reference.

Valuer will find difficult to cope up in this system and he has to engage people as supporting staff to meet the expectation of bank increasing the operational cost. Therefore banks should revise minimum professional fee to atleast Rs. 5000 /- per assignment instead of present     Rs. 2500/- per assignment.

Regards

Vr. D. Jagannathan

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