SBS opens its 29th branch at Kanchenjunga Shopping Complex

GANGTOK, 24 Feb: State Bank of Sikkim’s 29th branch in the state was inaugurated by the Human Resource Development Minister, NK Pradhan at the Kanchenjunga Shopping complex today. In his address, the HRD Minister stressed that SBS has a huge role to play in the overall development of the state and the bank is a partner in the development of the state.
He urged the businessmen of Kanchenjunga Shopping complex to support the branch by opening their accounts in the bank. He further urged the bank to help out small businessmen by providing loans with proper verification.
SBS Chairman, LM Lepcha informed that the bank was established by the Chogyal in 1968 and later was taken up by the State government in 1983. He informed that the bank now has a total of 29 branches across the state including the head office and 26 of its branches are fully computerized.
Earlier in his welcome address, SBS Managing Director, Vishal Chauhan said that SBS has witnessed an increase in the number of branches and customers in the last two years. He informed that the bank has opened its branches at Kabi BAC, Sang and Parakha and now this new branch at Kanchenjunga Shopping complex. He further informed that the bank is still working hard to increase the number of branches and customers.
The inaugural function concluded with the vote of thanks by SBS Chief General Manager, Karma Gyatso Bhutia.