Banks in Sikkim

Banks in Sikkim have largely contributed in the development of the economy of the state. In fact, the Sikkim Industrial Development and Investment Corporation Limited and Commercial Banks at Sikkim have played a vital role in founding the major industries of the territory.

An estimate of the Sikkim banks is as follows:

Name of the Banks	Number of Branches
Bank of Baroda	1
Bank of India	1
Canara Bank	1
Central Bank of India	10
Punjab National Bank	1
State Bank of India	26
UCO Bank	2
Union Bank of India	4
Vijaya Bank	1

Moreover, the Commercial Banks in Sikkim is supported by the Small Industries Development Bank of India and the National Bank for Agriculture and Rural Development. The Small Industries Development Bank of India is not only working towards refinancing the Commercial Banks of India, but the SIDBI is also helping the traders and the entrepreneurs in Sikkim by extending assistance through loans and other facilities.

Besides, the involvement of about 47 branches of the Commercial Banks of Sikkim has largely helped the proliferation of the economy of Sikkim. The growing presence of these Commercial Banks is contributing greatly to the socio-economic pattern of the society of Sikkim.