SBIC Opens New Branch in Sunnyvale, CA
On November 28, 2023, State Bank of India (California) marked a significant stride in community-focused banking with the grand opening of our Sunnyvale branch. Distinguished guests, including Mayor Larry Klein, Chairman Ms. Jayati Bansal, Deputy Consul General Mr. Rakesh Adlakha, and many prominent community members graced the event, emphasizing SBIC's commitment to becoming an integral part of the Sunnyvale community.
The grand opening celebration was not just an event; it was a celebration of community, collaboration, and the shared vision of a prosperous future.
   
We Support Our Communities
Our dedicated employees volunteer over 1,000 hours per year with more than 22 community organizations in California.
- Each year, SBIC invests $4.8 million back into our communities.
- We donate $57,000 per year to 38 non-profits that support low-income communities.
- We support our community's educational goals by providing scholarships to low- and medium-income students.
- In 2023, we organized $29 million in community development loans that help contribute to affordable housing initiatives, community services and economic development.
We strive to give more every year as we continue to grow.
Each of the organizations listed below continue to make a positive impact on our communities and we are PROUD to partner with them. For more information, please review our 2024 CRA Public File.
Adobe Services
SBIC proudly supports Abode Services in aiding to develop and implement innovative programs to end homelessness. Abode Services is built on the principles of Housing First, a proven approach that has yielded far superior results than the past strategies for ending homelessness. Find out more at abodeservices.org.
Asian Pacific Community Fund
By partnering with the Asian Pacific Community Fund, SBIC is committed to supporting economically disadvantaged high school seniors with higher education scholarships up to $1,000. Find out more at apcf.org.
BankWork$
BankWork$ helps young adults from low-income communities build meaningful careers in banking through a free, eight-week career training, placement assistance, and ongoing coaching. Learn more at careerworks.org.
Bridge Housing Corporation
SBIC partners with many local Bridge Housing Corporation organizations to help provide funds for their housing developments which helps strengthen communities and improves the lives of its residents, beginning-but not ending-with affordable housing. Find out more at bridgehousing.com.
Building Skills Partnership (BSP)
BSP improves the lives of the property service works in low-wage industries and their families. Their programs serve 5,500 participants annually and focuses on workforce development, immigrant integration and community advancement. BSP offers career and education programs that enable workers' personal and professional success. Find out more at buildingskills.org.
Calibrate
Calibrate transforms and elevates the lives of tomorrow’s leaders from underserved communities, particularly the descendants of American slavery, by providing spaces where they experience their best selves, feel valued for the potential they bring to the world and prepare to reinvest their time and talents back into society. Find out more at calibrate.earth.
California Council on Economic Education (CCEE)
The California Council on Economic Education is a non-profit organization focused on providing economic skills, financial literacy training and resources to K-12 teachers, students and their parents throughout California. CCEE’s overarching mission is to help California’s students gain a real world understanding of economics and personal finance, so they can make better decisions and compete and succeed in the global economy. Find out more at CCEE.org.
Community Development Financial Institutions Programs (CDFI)
SBIC proudly partners with CDFI through investment, partnership, Board service and in other beneficial ways. Our employees enjoy working with CDFI to find new ways promote economic revitalization and community development through investment in and assistance to CDFI organizations. The CDFI Fund achieves its purpose by promoting access to capital and local economic growth. Find out more at CDFIFund.org.
Community Housing Works (CHW)
CHW helps develop, rehabilitate, preserve and operate affordable apartment communities in San Diego and throughout California. Their unique approach extends beyond an affordable place to call home. In addition to providing working families and seniors with stable homes in healthy communities, they layer in powerful programs, services and connections to resources. These tools help people attain financial stability, improve their health and overall well-being, and set school-age children up for success in the classroom and beyond. Find out more at chworks.org.
Junior Achievement
Junior Achievement is focused on reaching youth in low-to-moderate income classrooms and serving low-to-moderate income students at the Junior Achievement Finance Park. Established in Boston in 1919, Junior Achievement has a proud legacy and an amazing history of reaching out to the community and making a positive impact in financial literacy. Over 100 SBIC employees have volunteered with Junior Achievement over the years and enjoy teaching on the topics of business building, entrepreneurship, career success, economics, and financial literacy. Find out more at JuniorAchievement.org.
Korean Youth Community Center (KYCC)
SBIC helps serve the evolving needs of the Korean American population in the greater Los Angeles area as well as the multiethnic Koreatown community. KYCC’s programs and services are directed toward recently immigrated, economically disadvantaged youth and families, and promote community socioeconomic empowerment. Find out more at kyccla.org.
Los Angeles Education Partnership (LAEP)
LAEP has been serving the Los Angeles community since 1984. SBIC employees participate by visiting local low-to-moderate income high-schools and provide mock-interviews to high-school seniors. Our volunteers participate in many FAFSA Application programs, directly assist hundreds of students and their families in completing the college financial aid applications. Our employees also enjoy serving at Career Day and helping students learn about new careers to consider. Find out more at LAEP.org.
Network for Teaching Entrepreneurship South Bay (NFTE)
NFTE offers schools and partners a unique combination of high-impact student programs with exceptional teacher training and support. SBIC is proud to partner with different chapters of NFTE in order to help train young people on how to create a business. Groups of low-to-moderate income youth are then partnered in teams and pitch their business strategies and plans to various community and SBIC volunteers, offering support, mentorship and encouragement to these budding entrepreneurs. Find out more at NFTE.org.
South Asian Helpline and Referral Agency (Sahaha)
Sahara serves survivors of all forms of abuse in the South Asian community by providing them with culturally sensitive and linguistically specific services. Sahara’s carefully designed and comprehensive programs provide a path to self-sufficiency, healthy aging, and to building the next generation of leaders. Sahara provides much needed support to under-represented women that are victims of abuse and trying to establish themselves, and SBIC proudly partners with the Board of Sahara and to help meet those needs. Find out more at SaharaCares.org.
Volunteer Income Tax Assistance (VITA)
SBIC partners with many different local VITA volunteer organizations to help provide free federal and state income tax preparation assistance to low-to moderate-income, disabled and elderly individuals in the local community. IRS-certified volunteers are trained at local VITA sites and partner with individuals who may otherwise not be able to afford tax assistance. Find out more at IRS.gov.
Wakeland Housing and Development Corporation (WHDC)
A leader in the creation and operation of affordable housing in California, WHDC delivers high-quality residential developments that address the needs of the communities it serves. Since 1998, WHDC has created 7,500 affordable homes at 53 properties throughout the state, each of which showcases their commitment to building and operating cost-efficient housing communities with superior on-site programs and services for residents. Find out more at wakelandhdc.com.
Together We Build Strong Communities
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