State Bank of India, the largest lender in India, has opened its first branch in Texas. The branch is in Frisco, in the North Dallas area, and belongs to SBIC Bank, the bank’s wholly owned subsidiary in the United States, which is formally named State Bank of India (California).
It is the first SBIC branch outside California and raises the subsidiary’s network in the United States from seven branches to eight, The Economic Times reported. State Bank of India chairman Challa Sreenivasulu Setty led the opening ceremony.
The Frisco branch will offer retail and business deposits, commercial lending and international remittances, along with specialized services for customers with ties to India. The bank chose the Dallas area because it is a major commercial center and one of the fastest-growing parts of the country.
“The inauguration of SBIC Bank’s Texas branch marks a significant milestone in SBI’s international growth journey,” Setty said.
State Bank of India also runs three branches of its own in the United States, in New York, Chicago and Los Angeles, and a representative office in Washington, D.C. Worldwide, the bank has 245 overseas points of presence in twenty-nine countries, and it holds correspondent banking arrangements with 222 financial institutions in fifty-six countries to settle cross-border trade and payments.
Its overseas business is growing. For the quarter ended September 30, 2026, foreign advances rose 23% year over year to $88 billion at current exchange rates, and deposits at overseas branches rose 23% to $30 billion, the report said.
For American companies that trade with or invest in India, the expansion adds a bank in their own market that is built to move money between the two countries.
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