State Bank of Sikkim
TypePublic Sector Undertakings
IndustryBanking
Founded1968 (1968)
Headquarters
Gangtok Sikkim, India
Number of locations
52 branches
Area served
Sikkim
Key people
Mr. Dal Bahadur Gurung (Chairman)
Mr. Phurba Wangdi Bhutia (Managing Director)
ProductsPersonal Loans
Home Loans
Pensioners Loan
Motor Loan Scheme
Treasury to the Government of Sikkim
OwnerAutonomous body wholly owned by Government of Sikkim[1]
Websitestatebankofsikkim.com

State Bank of Sikkim (SBS) is a state owned banking institution headquartered at Gangtok, Sikkim, India. In addition to banking services, State Bank of Sikkim handles treasury functions of the Sikkim State Government.[2]

It is an autonomous body under the Government of Sikkim. It is not regulated by the Reserve Bank of India.[3] However, the report of the Comptroller and Auditor General of India for the year ended March 2012[4] recorded that the performance of State Bank of Sikkim generated 86 percent of the total profit earned by the state owned PSUs during the year.

The Bank completed 50 years in 2018, during which it worked in partnership with development projects in the state.

History

State Bank of Sikkim was established in 1968 under the State Bank of Sikkim Proclamation, 1968. It was initially headquartered at MG Marg, Gangtok and later moved to the present location,[5] holding its headquarters and main branch. Initially started with a single branch, growing 54 branches with 6 Revenue Counters.

The bank converted to Core Banking Solution (CBS) in April 2017.[6]

Branches

As of 2023 the facilities include:[7]

  • Gangtok district: Bojoghari, Gangtok Main, Deorali, Khamdong, Makha, Manan Kendra, Head Office, Nandok, Rakdong-Tintek, Ranipool, Ranka, Sang, Sichey Gangtok, Singtam, SNT Extension counter, Tadong, Tsomgo, Sochakgang Extension Counter, Secretariat , Gangtok Main Extension counter, KSC Lal Bazar, Chongay.


  • Pakyong district: Pakyong Bazar, Pakyong DC Office Extension counter, Rangpo Check Post, Parakha, Rorathang, Rongli, Rhenock, Majhitar, Rangpo Bazaar.


  • Mangan district: Chungthang, Mangan, Passingdong, Phodong, Lachen, Lachung, Kabi.


  • Gyalshing district: Darap, Legship, Dentam, Gyalshing, Martam, Rinchenpong, Rabdentse, Tashiding, Yuksom, Uttaray.


  • Namchi district: Jorethang, Kewzing, Melli Bazar, Melli Check Post Extension Counter, Ravangla, Namchi Bazar, Namchi Extension Counter, Namthang, Temi, Yangyang.


  • Soreng district: Sombaria, Soreng, Chumbong Extension Counter, Nayabazar, Mangalbaria.

References

  1. ↑ "About Us :: State Bank of Sikkim".
  2. ↑ "About Us :: State Bank of Sikkim". www.statebankofsikkim.com. Retrieved 2016-11-11.
  3. ↑ "RBI raises concerns over State Bank of Sikkim's functioning - The Economic Times". Articles.economictimes.indiatimes.com. 2015-01-26. {{cite web}}: Missing or empty |url= (help)
  4. ↑ "Report No. 1 of 2013 - Performance Audit on Autonomous bodies and Departmentally run Commercial Undertakings of Government of Sikkim | Comptroller And Auditor General - CAG". www.cag.gov.in. Retrieved 2016-11-11.
  5. ↑ "Google Maps". Google Maps. Retrieved 2016-11-11.
  6. ↑ "page_1 - 09-09-2018 - SIKKIM EXPRESS". epaper.sikkimexpress.com. Archived from the original on 2018-09-14.
  7. ↑ "State Bank of Sikkim Branches". www.statebankofsikkim.com.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.