State Bank of Sikkim

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State Bank of Sikkim
Public Sector Undertakings
Industry Banking
Founded 1968 (50 years ago) (1968)
Headquarters Gangtok Sikkim, India
Area served
Sikkim
Key people
Mr. K.B. Chamling(Chairman)
Mr. Hem Kr. Chettri(Managing Director)
Mr. Phurba Wangdi Bhutia(Chief General Manager)
Products Personal Loans
Home Loans
Pensioners Loan
Treasury to the Government of Sikkim
Owner Autonomous body wholly owned by Government of Sikkim[1]
Website www.statebankofsikkim.com

State Bank of Sikkim (SBS) is a state owned banking institution headquartered at Gangtok, Sikkim, India. The Bank operates within the jurisdiction of the State of Sikkim and in addition to banking services, State Bank of Sikkim handles treasury functions of State Government of Sikkim.[2] The State Bank of Sikkim has completed 48 years (2015-2016) of existence during which it has continually worked in partnership with development projects in the state.

An autonomous body under the Government of Sikkim, it is not regulated by Reserve Bank of India unlike other banks in India.[3] However, the Report of the Comptroller and Auditor General of India for the year ended March 2012[4] has 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.

History[edit]

State Bank of Sikkim was constituted and established in the year 1968 under the State Bank of Sikkim Proclamation, 1968. State Bank of Sikkim was initially headquartered at MG Marg, Gangtok and was later moved to the present location,[5] where the Bank houses its Head Office as well as Main branch. Initially started with just one branch, today SBS has expanded to 40 branches (as of 2016-2017) in Sikkim.

Core Banking[edit]

On April 2017, State Bank of Sikkim started Core Banking Solution (CBS) to across most of the branches.

References[edit]

  1. ^ http://www.statebankofsikkim.com/customercare/aboutus
  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. 
  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. 

External links[edit]