Q. The Reserve Bank of India (RBI) has brought which bank covered under Article 371F, under its regulatory purview?
Answer: State Bank of Sikkim
Notes: State Bank of Sikkim was established in 1968, five years before Sikkim acceded to the Indian Union. The state-owned bank provides treasury operations for the state government of Sikkim.
Recently, the Reserve Bank of India has brought the State Bank of Sikkim under its regulatory purview. Though the bank will be regulated on par with other banks, the bank’s ownership structure will not change.