State Bank of Sikkim under RBI for its regulatory purview:
The Reserve Bank Of India, India’s central bank, responsible for the issue and supply of the Indian rupee and the regulation of the Indian banking system. The State Bank of Sikkim under RBI for its regulatory purview on February 22, 2021. The bank of Sikkim, established five years before Sikkim acceded to India in 1973, provides treasury operations for 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 the State Bank of Sikkim under RBI is, regulated by the RBI on a par with other banks.
