The State Bank of India (SBI) on 20 October 2016 declared Silchar as its 5th zone in North-East India. This zone will cater to the banking needs of the people of Mizoram, Tripura and Manipur along with the Barak Valley. The other four zones of SBI in region are located in Guwahati, Shillong, Dibrugarh and Jorhat.
Earlier, Silchar was under Guwahati zone and it was tough on the part of the bank to address the complaints and issues of the customers with such a difficult terrain. The bank has 736 branches across North East together with 3000 ATMs and 3000 customer service points for customer facilitation.
Besides, SBI also opened its administrative office at Silchar. This office will facilitate banking issues for the customers of the region.