State Bank of India Expands US Footprint With SBIC Bank Branch Opening In Frisco North Dallas Texas

State Bank of India has marked a significant milestone in its international expansion by inaugurating a new branch of its wholly owned US subsidiary, SBIC Bank, in Frisco, North Dallas, Texas, led by SBI Chairman Shri Challa Sreenivasulu Setty. This marks SBIC Bank’s first-ever branch outside California and brings its US network to eight branches, complementing SBI’s three direct branches in New York, Chicago, and Los Angeles, and a representative office in Washington DC. Strategically located in a rapidly growing business and economic center, the Dallas branch will offer a comprehensive suite of personal and business banking solutions, including retail deposits, commercial lending, global remittances, and specialized Non-Resident Indian (NRI) services for the expanding community.

Speaking at the inauguration, SBI Chairman Challa Sreenivasulu Setty emphasized that expanding beyond California reinforces the bank’s role in deepening financial and economic ties between India and the United States while serving the vibrant Indian diaspora and local communities. Globally, SBI operates 245 overseas points of presence across 29 countries, supported by correspondent banking relationships spanning 56 countries and the YONO Global digital banking platform across 14 foreign offices. In the quarter ended September 30, 2026, SBI’s foreign advances grew by 22.86 percent year-on-year to 8,31,332 crore rupees, while foreign office deposits surged by 22.61 percent to 2,83,319 crore rupees, highlighting robust international growth.