Srinagar, Nov. 1 -- The Federation of Chambers of Industries Kashmir (FCIK) has urged Jammu and Kashmir Bank to introduce a uniform, transparent and evidence-based methodology for valuing mortgaged properties, alleging that inconsistent assessments by bank-approved valuers are affecting access to credit for micro, small and medium enterprises (MSMEs) and making debt settlement difficult for distressed borrowers.

In a communication to the bank management, FCIK called for clear instructions to empanelled valuers and bank branches to ensure that collateral valuations are based on verifiable evidence rather than subjective assessments or informal market enquiries.

The industry body said several borrowers had reported that bank-approved valu...