Public Development Bank Limited (PDBL)
Update: The bank merged into Triveni Bikash Bank Limited in 2015.
Incorporated under the Company Act 2053 BS, Public Development Bank Limited (PDBL) is a regional level development bank promoted by the conception and endeavors of K.B. Kayal (FCA) and his experienced and dedicated team of promoters coming from different professional backgrounds in banking, entrepreneurship and socio-political fields. The bank was established on 7th June 2007 with the Authorized Capital of NRS 1 billion, Issued Capital of Rs 150 million and Paid Up Capital of 150 million.
The bank with the theme “Banking With Confidence” has its head office at Adarshnagar in Birgunj, situated in the Parsa district of Nepal. It has, over the short period of time, extended its branches at Banepa, Hetauda, Dharan, Biratnagar, Birgunj-Linkroad and Itahari. The bank has been licensed as a “B” Class financial institution by Nepal Rastra Bank, the Central Bank of Nepal and is authorized to conduct Housing and Land Development activities in addition to almost major commercial banking activities, apart from L/C and opening foreign currency account. The bank is also the first private sector development bank in the industrial hub, Birgunj.
Committed to deliver hassle free and easy banking service with utmost loyalty and conviction to the general public and in great interest of all the stakeholders, the bank is also determined to accompany divergent product offerings in addition to tactful mobilization of scattered hoarded resources. Public Development Bank Limited (PDBL) aims at broad coverage of undermined population including child, women, student, senior citizen and retail entrepreneurs. For socio-economic enrichment in present plight of inflating economy, the bank is diverging profit share with low interest margin and also disseminating synergic advantages of financial awareness among its valued customers and clients.
The products and services offered by the bank for fulfilling its aim and also meeting the expectations of its customers include PDB Saving, PDB Max Yield Saving, ATM Premium Saving and ATM Gold Saving under deposit accounts, Swarnim Dobbar, Call Account, Institutional Fixed Deposit and Recurring Deposit and Semi Fixed Deposit under Fixed deposit schemes and Business Loan, Educational Loan, Personal Loan, Loan Against FDR, HP Vehicle and Deprived Sector Loan under loan schemes. The bank with its head office at Birgunj has its branch offices at Main Road – Banepa, TCN Road – Hetauda, College Road – Dharan, Himalayan Road – Biratnagar, Itahari and Link Road – Birgunj.
The bank merged with Bright Development Bank Limited and Triveni Bikash Bank Limited in 2015. The joint entity started operating under the name ‘Triveni Bikash Bank Limited’.