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State Bank of India (California) - SBI Cal

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The document contains the financial statements of the State Bank of India (California) for the years ended March 31, 2016 and 2015, including an independent auditors' report. It provides detailed information on the bank's balance sheets, statements of operations, comprehensive loss, changes in stockholder's equity, cash flows, and notes to financial statements. The bank reported a net loss for both years, with significant details on its assets, liabilities, equity structure, loan portfolio, allowance for loan losses, and compliance with regulatory capital requirements.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Can I open an SBI account in the USA?

Opening a Checking Account with SBI can be done for US resident consumers subject to terms conditions.

Is SBI California FDIC insured?

Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.

What is the SBI collect?

This is a universal collection system which enables payment through multiple channels such as SBI INB, Other Banks INB, Debit cards SBI Other banks, Credit cards, Prepaid Cards, UPI, Rupay Debit Cards, NEFT/RTGS/, Cash/SBI Cheque at SBI Branches.

Can I open an SBI account from abroad?

You can open an SBI NRI account online, but the process is not completely online. You will need to self-attest and then get your application and documents attested by a notary public, an Indian embassy/high commission, an overseas branch of an Indian bank, or a foreign bank with an Indian presence.

Can I open an Indian bank account from the USA?

You can, but this is tricky. Non-resident accounts are only available to Non-Resident Indians (NRIs), Persons of Indian Origin (PIOs) and Overseas Citizens of India (OCIs). If you dont fall into any of these categories, youll need to be living in India before you can open an account.

Is SBI bank available in the USA?

State Bank of India, US Operations is serving in US for last 50 plus years and operates from New York, Chicago branches and WBB Los Angles. The Bank offers variety of products and services to its customers. These encompass retail,corporate,trade,treasury and remittance needs of our clients in US.

Why is SBI deducting money from my account?

Actually, the money got deducted from your account under the annual maintenance/service fee for the Debit/ATM card you have been using. SBI provides a variety of debit cards to its customers, with most being Classic, Silver, Global, or Contactless cards.

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