Business Standard

State Bank of Sikkim under Reserve Bank of India's regulatory purview

The bank, established five years before Sikkim acceded to India in 1973, provides treasury operations for the state government

reserve bank of india, rbi
Premium

The bank currently has 42 branch offices and operates three revenue counters for government works

Subhomoy Bhattacharjee New Delhi
The Reserve Bank of India (RBI) has brought State Bank of Sikkim under its regulatory purview. 

The bank, established five years before Sikkim acceded to India in 1973, provides treasury operations for the state government. It only operates within Sikkim and is wholly-owned by the state government.

The bank currently has 42 branch offices and operates three revenue counters for government works. The bank’s ownership structure will not change, but it will be regulated by the RBI on a par with other banks. 

Emails sent to the bank and the state government did not get any response.

For years, the

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 22 2021 | 6:10 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com