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State Bank of India (California)

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
2.12%5-year CD5 Year CD
1.86%3-year CD3 Year - 47 Month CD
1.76%2-year CD2 Year - 35 Month CD

Overview / Commentary
213-225-5700
707 Wilshire Boulevard, Suite 2900
Los Angeles, CA 90017

State Bank of India (California) is headquartered in Los Angeles and is the 81st largest bank in the state of California. It is also the 1,096th largest bank in the nation. It was established in 1982 and as of September of 2017, it had grown to 94 employees at 8 locations. State Bank of India (California)'s CD rates are 68% higher than the national average, and it boasts an A+ health rating.

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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: Anonymous | Aug 17, 2012

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
A+

Health Grade Components

Overall
FDIC Certificate #23998
Year Established1982
Employees94
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD2.54%
Return on Equity - YTD13.52%
Annual Interest Income$19.3MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$680.2MM$602.3MM
LoansQ3 2017vs Q3 2016$552.4MM$457.8MM
DepositsQ3 2017vs Q3 2016$542.7MM$483.7MM
Equity CapitalQ3 2017vs Q3 2016$129.9MM$115.9MM
Loan Loss AllowanceQ3 2017vs Q3 2016$7.9MM$6.7MM
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$2.3MM$9.8MM
Real Estate OwnedQ3 2017vs Q3 2016$0$0
Rates
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* 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%$500-Business Savings Account
0.30%$100-Regular Personal Savings Account

State Bank of India (California) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%*$100k*-Business MMDA
OTHER TIERS: 0.45% $500 - $50k | 0.50% $50k - $100k
0.60%*$100k*-Personal MMDA
OTHER TIERS: 0.45% $500 - $50k | 0.50% $50k - $100k
0.60%$100k-Business Premium MMDA
0.60%$100k-Personal Premium MMDA

State Bank of India (California) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%$500-NOW Business Checking
0.15%$500-NOW Personal Checking

State Bank of India (California) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.12%$1k$90k5 Year CD
2.12%$90k-5 Year High Value CD
2.12%$1k$90kInstitutional 5 Year CD
2.12%$90k-Institutional 5 Year High Value CD
2.02%$1k$90k4 Year - 59 Month CD
2.02%$90k-4 Year - 59 Month High Value CD
2.02%$90k-Institutional 4 Year - 59 Month High Value CD
2.02%$1k$90kInstitutional 4 Year - 59 Month CD
1.86%$1k$90k3 Year - 47 Month CD
1.86%$90k-3 Year - 47 Month High Value CD
1.86%$1k$90kInstitutional 3 Year - 47 Month CD
1.86%$90k-Institutional 3 Year - 47 Month High Value CD
1.76%$1k$90k2 Year - 35 Month CD
1.76%$90k-2 Year - 35 Month High Value CD
1.76%$1k$90kInstitutional 2 Year - 35 Month CD
1.76%$90k-Institutional 2 Year - 35 Month High Value CD
1.51%$1k$90k1 Year - 23 Month CD
1.51%$90k-1 Year - 23 Month High Value CD
1.51%$1k$90kInstitutional 1 Year - 23 Month CD
1.51%$90k-Institutional 1 Year - 23 Month High Value CD
0.60%$1k$90k6 - 11 Month CD
0.60%$90k-6 - 11 Month High Value CD
0.60%$1k$90kInstitutional 6 - 11 Month CD
0.60%$90k-Institutional 6 - 11 Month High Value CD
0.30%$1k$90k3 - 5 Month CD
0.30%$90k-3 - 5 Month High Value CD
0.30%$1k$90kInstitutional 3 - 5 Month CD
0.30%$90k-Institutional 3 - 5 Month High Value CD
0.15%$1k$90k8 - 89 Day CD
0.15%$90k-8 - 89 Day High Value CD
0.15%$1k$90kInstitutional 8 - 89 Day CD
0.15%$90k-Institutional 8 - 89 Day High Value CD
Locations


State Bank of India (California) Locations
Artesia Branch18191 Pioneer BoulevardArtesia, CA 90701
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 Boulevard, Suite 2900Los Angeles, CA 90017
San Diego Branch9494 Black Mountain Road Ste CSan Diego, CA 92126