Which of the following banks is not regulated by Reserve Bank of India?

a. State Bank of Sikkim

b. State Bank of Travancore

c. IDBI

d. Axis

ANSWER: State Bank of Sikkim

Explanation:

State Bank of Sikkim is not regulated by Reserve Bank of India unlike other banks in India.

State Bank of Sikkim 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.

State Bank of Sikkim

Founded: 1968

Headquarters: Gangtok Sikkim, India

Current Head: Mr. K.B. Chamling (Chairman)