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It is also listed on the Royal Securities Exchange of Bhutan. [1] 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%). [1]
Template:Infobox company.9060287319 Punjab National Bank (abbreviated as PNB) is an Indian government bank based in New Delhi. [1] It was founded in May 1894 and is the second-largest public sector bank in India in terms of its business volumes, with over 180 million customers, 12,248 branches, and 13,000+ ATMs .
The following is a list of banks based and operating in Bhutan. Bank of Bhutan [1] Bhutan National Bank; Royal Monetary Authority of Bhutan; Druk PNB Bank; No Full form (T Bank) Bhutan Development Bank; Druk Kidu Digital Bank
Bhutan is a landlocked country and the second largest Himalayan state in Asia. Located in the Eastern Himalayas , it is bordered by China in the north and India in the south. Bhutan is separated from Nepal by the Indian state of Sikkim and from Bangladesh by the Indian states of West Bengal and Assam .
The Royal Securities Exchange of Bhutan is the only stock exchange in Bhutan. 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.
Bhutan remained isolated from the world until it had trouble controlling its monetary system, so the Central Bank of Bhutan was established. Bhutan's commercial bank, Bank of Bhutan, was established on 28 May 1968 [4] as a joint venture with the Chartered Bank of India, Australia and China, which owned 25% of the bank.
The owners of Bank of Bhutan are Druk Holding & Investments Ltd. , which owns 80% of the authorized capital, and the State Bank of India, which accounts for 20% of the capital. [9] Until 2007, the Bank was operated by the Ministry of Finance of Bhutan. It is managed by Druk Holding & Investments, which also manages other public sector companies.
The NIFTY 50 is an Indian stock market index that represents the float-weighted average of 50 of the largest Indian companies listed on the National Stock Exchange. [1] [2] Nifty 50 is owned and managed by NSE Indices, which is a wholly owned subsidiary of the National Stock Exchange of India.