Establish ment 27 jan10 with 1 st Branch at Thimphu 10 Feb10:
Opened Branch at Phuntsholing Sharehold ers PNB-51% 4 Local
Promoters- 19% Public- 30% Manageme nt Board of Directors (Chairman
from Local Promoter) One Director to be appointed from the public
CEO from PNB Staff Strength: 48 2
Slide 4
Fundamental Roles of Bank Mobilization of savings fund from
individuals, household, business community and the Government ..
through various deposit schemes Channeling savings fund for
productive use in different sectors of the economy ..through
various loan schemes To act as efficient conduit for payments
system .through various mode of remittance 3
Slide 5
Savings Deposit Dual benefit: Easy liquidity and also earns
interest @ 5% pa Account can be opened with minimum of Nu 500/-
Need to maintain Minimum Quarterly Average Balance of Nu 1000
Interest is paid on daily product basis without any restriction on
no of withdrawals and without any ceiling on balance in the Account
4
Slide 6
Current Deposit Transaction(check in) account for business
purpose No Interest on this account Cheque book is issued in this
account Account can be opened by depositing at least Nu 1000/- Need
to maintain minimum Quarterly Average Balance of Nu 5,000/- 5
Slide 7
Fixed Deposit Fixed maturities- 3 months to over 5 years
Suitable for all kinds of depositors-Individual, businesses etc
High return(interest) and easy liquidity Loan facility up to 90% of
the balance at 1% or 2% above the applicable interest rate on the
deposit Premature closure is possible, subject to penalty. 6
Slide 8
Total Salary Freedom A/c Purpose: To enable employees meet
temporary cash requirement by extending OD Eligibility:
Govt/Corporate/firms. at least 75% of total employees with minimum
participants of 10 Should be permanent employees OD Amount: Lower
of Nu 50,000/- or Net Pay Repayment: Anytime during the month or in
bullet repayment at the time of next salary credit Other
Benefits:Benefits 7
Slide 9
Housing Loan Purpose: Loan is extended for purchase of plot for
building of House up to maximum of Nu 2 million. Extent of finance:
Construction/Purchase of House/Flat - 75% of the estimated cost of
construction subject to repaying capacity For repairs/renovations-
60% of estimated cost up to maximum of Nu 2 million subject to
repaying capacity 8
Slide 10
Education Loan Purpose: For higher studies only Eligibility:
Meritorious students who have gained admission for degree program
with minimum of 60% in higher secondary exam Extent of Finance: In
Bhutan : Up to Maximum of 4 lacs with 0 margin Out side Bhutan: Up
to maximum of 15 lacs with 15% margin Security: Acceptable
collaterals in the form of Immovable property depending on loan
amount 9
Slide 11
Education Loan.. continuation Repayment: 5 years Commencement
of Repayment : Course period + 1 year OR 6 months after getting
job, whichever is earlier. Co-Borrower: Guardian shall be
co-borrower and the parents/Guardians Income should be sufficient
to repay the loan 10
Slide 12
Loan Against Term Deposits Extent of Finance: Up to 90% of the
balance deposit amount plus accumulated interest Interest: 1% above
deposit interest rate if depositor takes the loan 2% above deposit
interest rate if third person takes the loan 11
Slide 13
Loan Related Bank Guarantee (Performance/Bid
Bond(EMD)/Security) Purchase of Bills and Drafts, Cheques etc
Collection of Bills and Drafts, Cheques etc Remittances Demand
Draft/TT/PO NEFT(t+1)/RTGS(t+0) through PNB in India PNB Cheques
payable at par at any bank in India Fund Transfer in Foreign
Currencies thru SWIFT 12
Slide 14
ATM Free Card Annual fee : 100 per Card per year For Add On
Card: 100 per Card.. Up to 2 Cards Can be used in all ATMs of PNB
Branches in India Master Card under process Internet Banking.. to
be introduced Mobile phone banking..to be introduced 13
Slide 15
14 FIXED DEPOSIT INTEREST RATES For Individual Depositor
Slide 16
15 FIXED DIPOSIT INTEREST RATES For Corporate Bodies Single
bulk Deposit
Slide 17
S. NoPurpose of Loan Rate of Interest (% per annum) 1.
Education Loan Up to Nu.0.40 million9.00 Above Nu 0.40 million
(Maximum Nu 1.5 mio 11.00 2. Trade Loan- Primarily Stock Based
Working Capital Term Loan 14.00 3. Housing LoanConstruction/
purchase Renovation of existing house 10.00 12.00 4.Loan Against
banks Deposit To depositor To third party 1.00 above the applicable
rate of interest in deposit 2.00 above the applicable rate of
interest in deposit 16
Slide 18
5. Loan for Service and Tourism Activities Working Capital Term
Loan 13.00 10.00 6.Loan Against Shares 13.00 7.Loan to Contractors
Working Capital Term loan 14.00 13.00 8. Manufacturing / Industrial
Loan Term Loan Working Capital 12.50 13.50 9. Personal loan to:
Public Govt/Pvt Employees 15.00 12.00 10. Personal Loan Scheme for
Pensioners Repayable within 3 years Repayable 3 years or more but
max of 5 yrs 10.00 12.00 17
Slide 19
11. Financing Property Owners against Future Lease Rentals
Repayable within 5 years Repayable in over 5 years 12% 13%
12.Transport Loan Term loan Working Capital 13.00 14.00
13.Agriculture loan 13.00 14. Small Business and Artisans 13.00
15Vehicle Loan Repayable in less than 3 years Repayable in 3 years
or more max. of 7 years 11.00 11.50 16.Export Finance 13.00 18
