Question bank...
I was shocked to read that RMA has given the Punjab National Bank approval to start preliminary work to set up a branch in Bhutan. I have many questions…
Do we know that Punjab National Bank is India’s second largest public sector lending bank? That it has more than 3850 branches? That its total business in 2007 was US$ 60 billion? That this is 56 times our GDP? Or almost 20 times the total planned outlay for our 10th Five Year Plan? That its market value of US$ 2.79 billion which almost trebles our total GDP?
Do we know why they are interested in Bhutan? Is there enough business here? Isn’t our economy too small? Or are they specifically targeting banking for the hydropower projects? If so, what will happen after these projects are over? Will we be able to regulate a giant? Will they operate in the dzongkhags where they will incur losses? Will Bhutan’s national interests be more important than corporate profits for PNB?
Will our existing banks be able to compete with PNB? Will competition be fair since PNB is more experienced, has more money, and better technologies? If not, can our banks survive after PNB enters? If not, where will competition come from?
Was our banking sector overregulated? Did that stunt the growth of our banks? Why suddenly liberalize? Why the sudden urgency? What support for national banks has the government announced? Why not give our banks five years to prepare for international-level competition?
Will the existing banks be allowed to close their loss-making dzongkhag branches so that they can become more competitive? Will they be allowed to relieve excess staff? Will these be good for Bhutan?
What’s happening with the proposals of Bhutanese investors? Why haven’t they been approved? Why shouldn’t Bhutanese be given preference to start banks? Will other Bhutanese be able to start banks once PNB enters? Will they even want to?
And what’s next? Airlines? What will happen to Druk Air? Hydropower? What will happen to DGPC? Cement? Will PCA stand a chance? Ferrosilicon? Steel? Agriculture?
Where’s GNH in all of this?









Is ACC taking too long to start investigating the Gyelpozhing land case?
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