State Bank of Sikkim

Last updated
State Bank of Sikkim
Company typePublic Sector Undertakings
Industry Banking
Founded1968(56 years ago) (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]
Website statebankofsikkim.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]

Contents

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

Golden Jubilee Year Celebration.jpg

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]






Related Research Articles

<span class="mw-page-title-main">Sikkim</span> State in northeastern India

Sikkim is a state in northeastern India. It borders the Tibet Autonomous Region of China in the north and northeast, Bhutan in the east, Koshi Province of Nepal in the west, and West Bengal in the south. Sikkim is also close to the Siliguri Corridor, which borders Bangladesh. Sikkim is the least populous and second smallest among the Indian states. Situated in the Eastern Himalaya, Sikkim is notable for its biodiversity, including alpine and subtropical climates, as well as being a host to Kangchenjunga, the highest peak in India and third highest on Earth. Sikkim's capital and largest city is Gangtok. Almost 35% of the state is covered by Khangchendzonga National Park – a UNESCO World Heritage Site.

Melli is a town on the West Bengal-Sikkim border near the River Teesta. The town consists of two markets, one lying on NH10 in Kalimpong district of West Bengal and the other in Namchi district of Sikkim. Melli Railway Station of Sevoke-Rangpo Railway Line lies in the Kalimpong district part of Melli.

<span class="mw-page-title-main">Teesta River</span> River that flows from the eastern Himalayas to the Bay of Bengal

Teesta River is a 414 km (257 mi) long river that rises in the Pauhunri Mountain of eastern Himalayas, flows through the Indian states of Sikkim and West Bengal and subsequently enters Bangladesh through Rangpur division. In Bangladesh, it merges with Brahmaputra River which after meeting some other major rivers of the Bengal delta finally falls into the Bay of Bengal. It drains an area of 12,540 km2 (4,840 sq mi). In India, the Teesta flows through Mangan District, Gangtok District, Pakyong District, Kalimpong district, Darjeeling District, Jalpaiguri District, Cooch Behar districts and the cities of Rangpo, Jalpaiguri and Mekhliganj. In Bangladesh, it flows through Lalmonirhat District, Rangpur District, Kurigram District and Gaibandha District. It joins the Brahmaputra River at Phulchhari Upazila in Bangladesh. 305 km (190 mi) of the river lies in India and 109 km (68 mi) in Bangladesh. The Teesta is the largest river of Sikkim and second largest river of West Bengal after the Ganges.

<span class="mw-page-title-main">Gangtok district</span> District in Sikkim, India

Gangtok District is an administrative district of the Indian state of Sikkim. It was renamed in 2021 as a result of administrative reorganisation of the state, which also saw three subdivisions of the East Sikkim district spawned off as a separate Pakyong district.

<span class="mw-page-title-main">Rangpo</span> Town in Sikkim, India, bordering West Bengal

Rangpo is a Municipal town in Pakyong district in the Indian state of Sikkim. The town borders West Bengal's Kalimpong district and is situated along the Teesta river and Rangpo River. It is the first town of Sikkim lying on National Highway 10 that links Siliguri to Gangtok. It is about 300 m above sea level with a sub-tropical climate. It is the 'Gateway to Sikkim' and all vehicles entering Sikkim have to stop at the Rangpo Police check-post. Foreign tourists require documents to enter Sikkim state and have to show them at the police check post.

<span class="mw-page-title-main">Singtam</span> Town in Sikkim, India

Singtam is a town which lies mostly in Gangtok District and partly in Pakyong District in the Indian state of Sikkim about 30 kilometres (19 mi) from the state capital Gangtok. The town lies on the banking of the rivers Teesta and Ranikhola, which join together just below the town. NH10 and NH510 meet in Singtam. The Indreni Bridge and Sherwani Bridge over the river Teesta are in the town. Singtam District Hospital, the district hospital of Pakyong District, lies at Golitar, Singtam.

<span class="mw-page-title-main">Pakyong</span> City in Sikkim, India

Pakyong is a city and district headquarters of Pakyong district in the Indian state of Sikkim, located in the foothills of the Himalayas. Pakyong Airport is the only airport of Sikkim. The "National Research Centre for Orchids" is also located here.

Ranipool is a small suburban town located in the bank of river Ranikhola at the junction of National Highway 10 and National Highway 717A in Gangtok District of the Indian state of Sikkim. It is 12 km before from Gangtok main town. It has three roads which lead to Singtam, Pakyong and Gangtok. It falls under the Gangtok Municipal Corporation. It is named after the Bridge which Connects the National highway to Gangtok and holds quite a significant role in traffic communications.

Rorathang is a town situated in the bank of Rangpo River on National Highway-717A, in Pakyong District of Sikkim, India.

<span class="mw-page-title-main">Sikkim Football Association</span> State governing body of Football in Sikkim

The Sikkim Football Association (SFA) is one of the 37 Indian state football associations that are affiliated with the All India Football Federation (AIFF), based out of Gangtok, Sikkim. It sends state teams for Santosh Trophy and Senior Women's National Football Championship.

<span class="mw-page-title-main">Outline of Sikkim</span> Overview of and topical guide to Sikkim

The following outline is provided as an overview of and topical guide to Sikkim:

National Highway 10 is a national highway in North East India that connects Indo/Bangladesh border via Siliguri to Gangtok. It passes through the Indian states of West Bengal and Sikkim.The highway is being maintained by the National Highways and Infrastructure Development Corporation Limited (NHIDCL) from Rangpo to Ranipool in the state of Sikkim.

<span class="mw-page-title-main">Dikchu</span> Town in Sikkim, India

Dikchu is a small town in the Gangtok District of the Indian state of Sikkim. The town lies at the confluence of the Dikchu River with the Teesta River and is the site of the 96 MW Dikchu River Hydroelectric Power Project as well as 510 MW Teesta V Hydroelectric Power Project. Dikchu is the last town of Gangtok District that lies on the North Sikkim Highway connecting Singtam to Chungthang, after crossing the town we enter Mangan District. Small market north of river Dikchu also lies on Mangan District.

Rongli or Rangli is a town in the Pakyong District of the Indian state of Sikkim. It lies on the banks of Rangpo River around 69 kilometres (43 mi) by road south of the state capital Gangtok. Rongli is also the headquarter of Rongli Subdivision of Pakyong District. Rongli is one of the oldest market of Sikkim that lies on the trade route between Kalimpong and Tibet.

Rangpo railway station is an under-construction railway station lying on Sevoke-Rangpo Railway Line in Pakyong District of Sikkim. Its code is RNGPO. It will serve Rangpo city, and three districts of Sikkim, which are Pakyong District, Gangtok District and Mangan District. It is 38 km (24 mi) from the state capital of Gangtok and 21 km (13 mi) from Pakyong Airport. The station will consist of three platforms and four lines after completion. It is expected to be completed by December 2023.

<span class="mw-page-title-main">Sikkim Nationalised Transport Bus Terminus (Siliguri)</span> Bus terminal in North Bengal, India

The Sikkim Nationalised Transport Bus Terminus is one of the most important bus terminal in North Bengal. It is located on Hill Cart Road, Siliguri, Darjeeling, adjacent to the Siliguri Junction railway station, about six kilometres (3.7 mi) New Jalpaiguri Railway Station. It is operated by Transport department, Government of Sikkim. Mainly Sikkim based bus service is available on this bus terminus.

Sivok-Rangpo Railway Line is a line currently under construction to connect the Indian states of West Bengal and Sikkim. It branches out from New Jalpaiguri–Alipurduar–Samuktala Road line at Sivok railway station, Sevoke Town near Siliguri in Darjeeling district and runs through villages and towns of Kalimpong district of West Bengal and terminates in Rangpo Railway Station in Rangpo, Pakyong District of Sikkim. In the second phase of construction, this line will be extended till Gangtok, the capital of Sikkim, and later to the Nathu La pass, along the border with Tibet. This railway line lies under Northeast Frontier Railway zone Alipurduar railway division. The total length of this railway line is 44.96 Kilometres.

<span class="mw-page-title-main">Pakyong district</span> District in Sikkim, India

Pakyongdistrict is a district in the Indian state of Sikkim, administered from Pakyong. The district was formed in 2021 from three former subdivisions of the East Sikkim district, viz., Pakyong Subdivision, Rangpo Subdivision and Rongli Subdivision. The remaining Gangtok Subdivision of the former district was named as the Gangtok district, which now bounds the Pakyong district in the northwest. In addition, the district is now bounded by the Kalimpong district of West Bengal, Bhutan, China and the Namchi district of Sikkim.

Melli Railway Station lies in the town of Melli, Kalimpong district, West Bengal. The station lies in the under construction Sivok-Rangpo Railway Line. Melli Railway Station serves city of Kalimpong in West Bengal, and Namchi District, Geyzing District and Soreng District of Sikkim. The station is currently under construction by IRCON company.

Makha is an important town lying on the bank of Teesta River in Gangtok district of Sikkim, India. Makha lies between Singtam and Dikchu.

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.
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