Tarun Karthick
Port Blair, 26 April 2024
Residents of Great Nicobar Island have long clamoured for a State Bank of India (SBI) branch in Campbell Bay, and their persistence has finally paid off.
In response to the persistent demand from residents and government servants stationed in Great Nicobar, the State Bank of India has inaugurated its branch at Campbell Bay, marking a significant development for the island’s financial infrastructure.
Until now, only branches of Canara Bank and Andaman and Nicobar State Cooperative Bank were operational on the island, leaving SBI customers in the lurch. Many government employees, who typically maintain their salary accounts with SBI, faced considerable challenges due to the absence of an SBI branch on the island.
The establishment of the SBI branch brings a sigh of relief to residents, entrepreneurs, and the general public alike, providing them with an alternative banking option. Moreover, government servants stationed in Great Nicobar can now access SBI’s services conveniently, streamlining their financial transactions.
The competition introduced by the presence of multiple bank branches on the island is expected to enhance service quality, ensuring customers receive the best banking experience possible.
The newly opened SBI branch at Campbell Bay has been allotted the IFSC code SBIN0064452, marking its official entry into the financial landscape. This development underscores a significant stride towards financial inclusion for the residents of Great Nicobar.
With the advent of SBI’s presence, residents can now look forward to a more accessible and competitive banking environment, promising enhanced financial services and opportunities for growth.