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1 DRUK PNB BANK … Your Partner in Growth Establish ment 27 jan’10 with 1 st Branch at Thimphu 10 Feb’10: Opened Branch at Phuntsholing Sharehold ers.

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Presentation on theme: "1 DRUK PNB BANK … Your Partner in Growth Establish ment 27 jan’10 with 1 st Branch at Thimphu 10 Feb’10: Opened Branch at Phuntsholing Sharehold ers."— Presentation transcript:

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2 1 DRUK PNB BANK … Your Partner in Growth

3 Establish ment 27 jan’10 with 1 st Branch at Thimphu 10 Feb’10: 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

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

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

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

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

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

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

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

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/Guardian’s Income should be sufficient to repay the loan 10

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

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

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

15 14 FIXED DEPOSIT INTEREST RATES For Individual Depositor

16 15 FIXED DIPOSIT INTEREST RATES For Corporate Bodies Single bulk Deposit

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 bank’s 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

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 Gov’t/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

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

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