New Delhi, June 13 -- The whole-time member of the Securities and Exchange Board of India, Ananth Narayan, on Friday raised a red flag around valuation practices, urging India's chief financial officers (CFOs) to help shape a more transparent and accountable regulatory framework.

Addressing CFOs at the ETCFO conference, Narayan emphasised the need for greater transparency, accountability, and disclosure standards in the valuation of company assets and investments.

"Let me flag one area that needs your attention-valuations," Narayan said in his keynote address at the conference. "There are some perceived challenges around valuations like those faced earlier with credit ratings."

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