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) has an A health rating.
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.
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.
|FDIC Certificate #||23998|
|Return on Assets - YTD||1.19%|
|Return on Equity - YTD||7.6%|
|Annual Interest Income||$17.8MM|
|Assets and Liabilities|
|Assets||Q2 2022vs Q2 2021||$1.04B$883.9MM|
|Loans||Q2 2022vs Q2 2021||$861.9MM$668.5MM|
|Deposits||Q2 2022vs Q2 2021||$816.3MM$727.6MM|
|Equity Capital||Q2 2022vs Q2 2021||$151.8MM$152.4MM|
|Loan Loss Allowance||Q2 2022vs Q2 2021||$13.1MM$11.1MM|
|Unbacked Noncurrent Loans||Q2 2022vs Q2 2021||$17.8MM$25.4MM|
|Real Estate Owned||Q2 2022vs Q2 2021||$0$0|
Rates for State Bank of India (California) are currently being reviewed.
|State Bank of India (California) Locations|
|State Bank Of India Branch||21724 Ventura Blvd||Woodland Hills, CA 91364|
|Fresno Branch||2887 W. Shaw Avenue Ste 101||Fresno, CA 93711|
|State Bank Of India (California) - Fremont Branch||39148 Paseo Padre Parkway||Fremont, CA 94538|
|San Jose Branch||675 North First Street Suite 105||San Jose, CA 95112|
|Los Angeles Branch||707 Wilshire Boulevard, Suite 2900||Los Angeles, CA 90017|
|State Bank Of India (California)||707 Wilshire Blvd||Los Angeles, CA 90017|
|San Diego Branch||9494 Black Mountain Road Ste C||San Diego, CA 92126|
|Cerritos||17500 Bloomfield Avenue||Cerritos, CA 90703|