State Bank of India (California)

Overview / Commentary
707 Wilshire Boulevard, Suite 2900
Los Angeles, CA 90017

State Bank of India (California) is headquartered in Los Angeles and is the 70th largest bank in the state of California. It is also the 945th largest bank in the nation. It was established in 1982 and as of June of 2022, it had grown to 90 employees at 8 locations. State Bank of India (California)'s CD rates are 4X the national average, and it has an A health rating.

Reviews (2)

Very Good Service After Change In Management

I went to the one in DC branch. 3 years ago i would give them a one star easily. However since 2013 they've recruited new managers from the US and focus on improving their customer service, and i must admit they've done a very good job. Very good Remittance service to India and very competitive interest in loans. There are still a lot of rooms for improvement, but so far thumbs up.

Antiquated Service, Inadequate Software.

Posted by: |

Would have to say that they have the worst customer service of the 25 or so banks I have dealt with. Their procedures are like something out of the 19th centrury.

1. They do not have the ability to transfer funds between branches. When we wanted to move an expiring CD to a branch closer to us, we had to go to the old bank, and get a PAPER check, in order to open the CD at the closer branch.

2. The staff at the old branch gave us a very hard time because we wanted to move our funds to a more convenient location.

3. We had to fill out another form, in order to get our funds- never experienced this anywhere else,ever.

4. It took them 45 minutes to issue 2 bank checks. This procedure usually takes 5 minutes, at any other bank.

This type of antiquated service may be normal in India, guaranteeing full employment to numerous clerks, but it is like stepping back in time to the days of Charles Dickens and Ebaneezer Scrooge.












Health Grade Components

FDIC Certificate #23998
Year Established1982
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.19%
Return on Equity - YTD7.6%
Annual Interest Income$17.8MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$1.04B$883.9MM
LoansQ2 2022vs Q2 2021$861.9MM$668.5MM
DepositsQ2 2022vs Q2 2021$816.3MM$727.6MM
Equity CapitalQ2 2022vs Q2 2021$151.8MM$152.4MM
Loan Loss AllowanceQ2 2022vs Q2 2021$13.1MM$11.1MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$17.8MM$25.4MM
Real Estate OwnedQ2 2022vs Q2 2021$0$0
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not State Bank of India (California); we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

State Bank of India (California) Savings Account Rates

0.35%*$100k*-Hi-Yield Advantage Savings
OTHER TIERS: 0.15% $500 - $5k | 0.25% $5k - $10k | 0.30% $10k - $100k
0.30%$500-Business Savings Account
0.30%$100-Regular Personal Savings Account

State Bank of India (California) Money Market Rates

0.35%*$250k*-Business MMDA
OTHER TIERS: 0.15% $500 - $50k | 0.25% $50k - $100k | 0.30% $100k - $250k
0.35%*$250k*-Personal MMDA
OTHER TIERS: 0.15% $500 - $50k | 0.25% $50k - $100k | 0.30% $100k - $250k
0.35%*$250k*-Business Premium MMDA
OTHER TIERS: 0.20% $500 - $50k | 0.25% $50k - $100k | 0.30% $100k - $250k
0.35%*$250k*-Personal Premium MMDA
OTHER TIERS: 0.20% $500 - $50k | 0.25% $50k - $100k | 0.30% $100k - $250k
0.35%*$250k*-Hi-Yield Advantage MMDA - New Money
OTHER TIERS: 0.20% $500 - $5k | 0.25% $5k - $150k | 0.30% $150k - $250k

State Bank of India (California) Checking Account Rates

0.68%$100-Attorney Client Checking Account
0.50%$100-Hi Yield Interest Checking Account
0.15%$2.5k-Interest Business Checking Account

State Bank of India (California) CD Rates

4.06%$1k-15 Month Promotional CD
4.06%$1k-Institutional 15 Month CD Special
4.06%$1k-15 Month Promotional Online CD
3.44%$1k$90k2 Year-35 Month CD
3.44%$1k$90kInstitutional 2 Year-35 Month CD
3.29%$1k$90k1 Year-23 Month CD
3.29%$1k$90kInstitutional 1 Year-23 Month CD
3.29%$1k-12 Month Online CD
3.03%$1k$90k3-5 Month CD
3.03%$1k$90k6-11 Month CD
3.03%$1k$90kInstitutional 3-5 Month CD
3.03%$1k$90kInstitutional 6-11 Month CD
3.03%$1k-6 Month Online CD
2.27%$1k$90k3 Year-47 Month CD
2.27%$1k$90k5 Year CD
2.27%$1k$90kInstitutional 3 Year-47 Month CD
2.27%$1k$90kInstitutional 5 Year CD
2.27%$1k$90k4 Year-59 Month CD
2.27%$1k$90kInstitutional 4 Year-59 Month CD
2.27%$1k-36 Month Online CD
0.50%$1k$90k8-89 Day CD
0.50%$1k$90kInstitutional 8-89 Day CD

State Bank of India (California) IRA Rates

3.44%$1k-2 Year IRA
3.29%$1k-1 Year IRA
2.27%$1k-3 Year IRA
2.27%$1k-4 Year IRA
2.27%$1k-5 Year IRA

State Bank of India (California) Locations
State Bank Of India Branch21724 Ventura BlvdWoodland Hills, CA 91364
Fresno Branch2887 W. Shaw Avenue Ste 101Fresno, CA 93711
State Bank Of India (California) - Fremont Branch39148 Paseo Padre ParkwayFremont, CA 94538
San Jose Branch675 North First Street Suite 105San Jose, CA 95112
Los Angeles Branch707 Wilshire Boulevard, Suite 2900Los Angeles, CA 90017
State Bank Of India (California)707 Wilshire BlvdLos Angeles, CA 90017
San Diego Branch9494 Black Mountain Road Ste CSan Diego, CA 92126
Cerritos17500 Bloomfield AvenueCerritos, CA 90703

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.