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Druk PNB Bank
Druk PNB Bank is a bank established through collaboration between the Royal Government of Bhutan and Punjab National Bank of India. History Druk PNB, incorporated in 2008 under Bhutan's Companies Act, operates as a commercial bank licensed by the Royal Monetary Authority of Bhutan under the 1992 Financial Institutions Act. It is also listed on the Royal Securities Exchange of Bhutan. As of December 31, 2014, the bank's paid-up capital amounted to Nu 449.712 million, with ownership distributed among Punjab National Bank (51%), Bhutanese promoters (19%), and the general public (30%). Controversies In 2023, Thimphu dzongkhag court sentenced the manager responsible for Druk PNB's ATMs, to nine years and six months for embezzling over Nu 10 million from nine ATMs in the capital. In 2022, The High Court of Bhutan The High Court of Bhutan derives its authority from the 2008 Constitution of Bhutan. It consists of the Chief Justice and eight Drangpons (Associate Justices). Th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Sector Undertaking
Public Sector Undertakings (PSU) in India are State-owned enterprise, government-owned entities in which at least 51% of stake is under the ownership of the Government of India or State governments of India, state governments. These types of firms can also be a joint venture of multiple PSUs. These entities perform commercial functions on behalf of the government. Depending on the level of government ownership, PSUs are officially classified into two categories: Central Public Sector Undertakings (CPSUs), owned by the central government or other CPSUs; and State Public Sector Undertakings (SPSUs), owned by state governments. CPSU and SPSU is further classified into Strategic Sector and Non-Strategic Sector. Depending on their financial performance and progress, CPSUs are granted the status of Maharatna, Navaratna, and Miniratna (Category I and II). Following India's independence in 1947, the limited pre-existing industries were insufficient for sustainable economic growth. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Finance And Insurance
Financial services are service (economics), economic services tied to finance provided by financial institutions. Financial services encompass a broad range of tertiary sector of the economy, service sector activities, especially as concerns financial management and consumer finance. The finance industry in its most common sense concerns commercial banks that provide market liquidity, derivative (finance), risk instruments, and broker, brokerage for large public company, public companies and multinational corporations at a macroeconomics, macroeconomic scale that impacts domestic politics and foreign relations. The extragovernmental power and scale of the finance industry remains an ongoing controversy in many industrialized Western economies, as seen in the American Occupy Wall Street civil protest movement of 2011. Styles of financial institution include credit union, bank, savings and loan association, trust company, building society, brokerage firm, payment processor, many ty ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Bhutan
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ancien ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dzongkhag Court
The Dzongkhag Court exists in each of Bhutan's 20 Dzongkhags, and is the court of first instance of the Royal Court of Justice in 14 of the 20 Dzongkhags of Bhutan. In the remaining 6 Dzongkhags there exists a further subdivision, Dungkhag, which is the basic level of judicial administration in those jurisdictions. The Chief Justice and Drangpons (Associate Justices) of the Dzongkhag Courts.Constitution of Bhutan , Art. 21 Unlike the judges of the and High Court, they are not appointed by the |
High Court Of Bhutan
The High Court of Bhutan derives its authority from the 2008 Constitution of Bhutan. It consists of the Chief Justice and eight Drangpons (Associate Justices). The Chief Justice and Drangpons of the High Court are appointed from among juniors, peers, and eminent jurists by the Druk Gyalpo. The judges of the High Court serve 10 year terms, or until reaching age 60; this retirement age is unique among the Civil Service and Constitutional Offices of Bhutan — all others retire at age 65. During their tenure, they are subject to censure and suspension by the Druk Gyalpo on the recommendation of the National Judicial Commission for proven misbehavior that does not rise to the level of impeachment.Constitution of Bhutan , Art. 21, §§ 11–15 List of High Court Judges * Acting Chief Justice of the High Co ...[...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Royal Securities Exchange Of Bhutan
The Royal Securities Exchange of Bhutan is the only stock exchange in Bhutan Bhutan, officially the Kingdom of Bhutan, is a landlocked country in South Asia, in the Eastern Himalayas between China to the north and northwest and India to the south and southeast. With a population of over 727,145 and a territory of , .... It is one of the world's smallest stock exchanges, with a market capitalization of around 738 million dollars and 18 listed companies as of December 2024. As of 2024, market capitalization in Bhutanese Ngultrum (BTN) is 62,000,000,000. It is located in the Royal Insurance Corporation of Bhutan (RICBL) building in Thimphu.Wet Bhutan and Green Dooars See pictures a bit down from the middle of the page. The capital for the establishment of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Royal Monetary Authority Of Bhutan
The Royal Monetary Authority of Bhutan () is the central bank of Bhutan and is a member of the Asian Clearing Union. It is also the minting authority for the Bhutanese Ngultrum. The Royal Monetary Authority of Bhutan was established under the Royal Monetary Authority of Bhutan Act of 1982. Subsequently, the Act of 1982 was amended by the Financial Institutions Act of 1992 and replaced in its entirety by the Royal Monetary Authority Act of 2010. History The Royal Monetary Authority was established in 1982. The following year, it took on the responsibilities of issuing Bhutanese currency, managing external reserves, and operating foreign exchanges. In 1988, the Authority assumed the role of government banker, holding the bulk of government deposits and providing financing. With the passage of the Financial Institutions Act of 1992, the substantive framework of the Authority was expanded to include licensure, regulation, and inspection of financial institutions in Bhutan. The Co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Punjab National Bank
Punjab National Bank alias PNB is an Public sector banks in India, Indian government bank based in New Delhi. It was founded in May 1894 and is the List of banks in India, second-largest public sector bank in India in terms of its business volumes, with over 200 million customers i.e over 20 Crore customers, 12,248 branches, and 13,000+ Automated teller machine, ATMs. PNB has a banking subsidiary in the United Kingdom, UK (PNB International Bank, with seven branches in the UK), as well as branches in Hong Kong, Kowloon, Dubai, and Kabul. It has representative offices in Almaty (Kazakhstan), Dubai (United Arab Emirates), Shanghai (China), Oslo (Norway), and Sydney (Australia). In Bhutan, it owns 51% of Druk PNB Bank, which has five branches. In Nepal, PNB owns 20% of Everest Bank, which has 122 branches. PNB also owns 41.64% of JSC (SB) PNB Bank in Kazakhstan, which has four branches. History Punjab National Bank is a Public Sector Undertakings in India (PSU) working under the Go ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Royal Government Of Bhutan
The government of Bhutan has been a constitutional monarchy since 18 July 2008. The King of Bhutan is the head of state. The executive power is exercised by the Lhengye Zhungtshog, or council of ministers, headed by the Prime Minister. Legislative power is vested in the bicameral Parliament, both the upper house, National Council, and the lower house, National Assembly. A royal edict issued on April 22, 2007 lifted the previous ban on political parties in anticipation of the National Assembly elections in the following year. In 2008, Bhutan adopted its first modern Constitution, codifying the institutions of government and the legal framework for a democratic multi-party system. Sovereignty Bhutanese external relations and foreign policies were put under British control following the 1910 Treaty of Punakha. However, due to the policy of self-imposed isolationism, the effect of the treaty was limited to an extent. After Indian independence in 1949, Bhutan and India agreed to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thimphu
Thimphu (; ) is the capital and largest city of Bhutan. It is situated in the western central part of Bhutan, and the surrounding valley is one of Bhutan's '' dzongkhags'', the Thimphu District. The ancient capital city of Punakha was replaced by Thimphu as the capital in 1955, and in 1961 Thimphu was officially declared the capital of the Kingdom of Bhutan by the 3rd Druk Gyalpo Jigme Dorji Wangchuck. The city extends in a north–south direction on the west bank of the valley formed by the Wang Chhu, which flows out into India as the Raidāk River. Thimphu is the sixth highest capital in the world by altitude, ranging from to . Unlike many capitals, Thimphu does not have its own airport, instead relying on the Paro Airport, accessible by road away. Thimphu, as the political and economic center of Bhutan, has a dominant agriculture and livestock base, contributing to about 45% of the country's GNP. Tourism, though a contributor to the economy, is strictly regulated, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wealth Management
Wealth management (WM) or wealth management advisory (WMA) is an investment advisory service that provides financial management and wealth advisory services to a wide array of clients ranging from affluent to high-net-worth (HNW) and ultra-high-net-worth (UHNW) individuals and families. It is a discipline which incorporates structuring and planning wealth to assist in growing, preserving, and protecting wealth, whilst passing it onto the family in a tax-efficient manner and in accordance with their wishes. Wealth management brings together tax planning, wealth protection, estate planning, succession planning, and family governance. Private wealth management Private wealth management is sought by high-net-worth investors. Generally, this includes advice on the use of various estate planning vehicles, business-succession or stock-option planning, and the occasional use of hedging derivatives for large blocks of stock. Traditionally, the wealthiest retail clients of investment ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
