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{{Short description|Publicly owned bank}}{{Orphan|date=February 2018}}
{{Infobox company
| name = State Bank of Sikkim
| logo = SBSOFFICIALOGO.png
| type = Public Sector Undertakings
| industry = [[Banking]]
| foundation = {{start date and age|p=y|1968}}
| num_locations = 52 branches
| hq_location_city = [[Gangtok]] [[Sikkim]], [[India]]
| area_served = [[Sikkim]]
| key_people = Mr. Dal Bahadur Gurung (Chairman)
 Mr. Phurba Wangdi Bhutia (Managing Director)
| products = Personal Loans Home Loans Pensioners Loan Motor Loan Scheme Treasury to the Government of Sikkim
| owner = Autonomous body wholly owned by [[Government of Sikkim]]<ref>{{Cite web|url=http://www.statebankofsikkim.com/customercare/aboutus|title = About Us :: State Bank of Sikkim}}</ref>
| homepage = {{URL|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.<ref>{{Cite web|url=http://www.statebankofsikkim.com/customercare/aboutus|title=About Us :: State Bank of Sikkim|website=www.statebankofsikkim.com|access-date=2016-11-11}}</ref>

An autonomous body under the [[Government of Sikkim]], it is not regulated by [[Reserve Bank of India]] unlike other banks in [[India]].<ref name="toi">{{cite web|url=|title=RBI raises concerns over State Bank of Sikkim's functioning - The Economic Times|last=|first=|date=2015-01-26|website=|publisher=Articles.economictimes.indiatimes.com}}</ref> However, the '''Report''' of the [[Comptroller and Auditor General of India]] for the '''year ended March 2012'''<ref>{{Cite web|url=http://www.cag.gov.in/content/report-no-1-2013-performance-audit-autonomous-bodies-and-departmentally-run-commercial|title=Report No. 1 of 2013 - Performance Audit on Autonomous bodies and Departmentally run Commercial Undertakings of Government of Sikkim {{!}} Comptroller And Auditor General - CAG|last=|first=|date=|website=www.cag.gov.in|publisher=|access-date=2016-11-11}}</ref> 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.

The State Bank of Sikkim has completed 50 years (1968-2018) of existence during which it has continually worked in partnership with development projects in the state.

== History ==
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,<ref>{{Cite web|url=https://www.google.com/maps/place/State+Bank+of+Sikkim,+Head+Office/@27.33167,88.613838,19z/data=!4m5!3m4!1s0x0:0x755df3e3453caeaa!8m2!3d27.3316698!4d88.6138381?hl=en-US|title=Google Maps|website=Google Maps|access-date=2016-11-11}}</ref> 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. As on 8th Sept' 2018, the State Bank of Sikkim has altogether 46 branch offices and 3 Revenue Counters working on 24 x 7 basis. State Bank of Sikkim has today a branch network of 54 branch offices spread all over Sikkim with Revenue Counters numbering to 6 which includes 3 Counters on 24 x 7 basis.

== Core Banking ==
State Bank of Sikkim started [[Core Banking]] Solution (CBS) in April 2017 with just two branch offices and within a span of a year, all the branch offices are running on CBS platform. On the occasion of Closing Ceremony of a year long Golden Jubilee year celebration of the bank, the Core Banking Solution was formally and officially launched by the Hon'ble Chief Minister, Government of Sikkim on 8 September 2018.<ref>http://epaper.sikkimexpress.com/index.php/epaper/m/46937/5b94bf34d378e</ref>

[[File:Golden Jubilee Year Celebration.jpg|center|frameless|330x330px]]

==Branches==
As of February 2021 the Branches of State Bank of Sikkim are as follows:

* [[East Sikkim]]: Bojoghari Gangtok, Deorali Gangtok, Pakyong Bazar, Pakyong SDM office, Khamdong, Makha, Mamring East, Manan Kendra Gangtok, Gangtok Head Office, Nandok, Parakha, Rakdong-Tintek, Rangpo Bazaar, Rangpo Check Post, Ranipool, Ranka, Rorathang, Rongli, Rhenock, Sang, Sichey Gangtok, Singtam, SNT Gangtok, Tadong Gangtok, Tsomgo, Sochakgang Gangtok, Secretariat Gangtok, Gangtok check post, Lal Bazar Gangtok.

* [[North Sikkim]]: Chungthang, Mangan, Passingdong, Phodong, Lachen, Lachung, Kabi.

*[[West Sikkim]]: Chumbong, Darap, Dentam, Gyalshing, Mangalbaria, Martam, Nayabazar, Rabdentse, Rinchenpong, Sombaria, Soreng, Tashiding, Yuksom.

*[[South Sikkim]]: Jorethang, Kewzing, Melli Bazar, Melli Check Post, Ravangla, Namchi Bazar, Namchi Extension Counter, Namthang, Temi, Yangyang.

== References ==
{{reflist}}

== External links ==
*{{Official website|http://www.statebankofsikkim.com/}}

{{Banking in India}}

[[Category:Banks established in 1968]]

State Bank of Sikkim - Revision history

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