SBI Opens First Texas Branch, Expanding US Footprint Beyond California

Last Updated:November 08, 2026, 09:42 IST

SBI’s expansion into the Lone Star State is expected to strengthen financial connectivity for the growing Indian diaspora and support India-US commercial ties.

SBI’s expansion into the Lone Star State is expected to strengthen financial connectivity for the growing Indian diaspora and support India-US commercial ties. (IMAGE: X)

State Bank of India (SBI) is expanding its physical footprint in the United States beyond California, with its wholly-owned subsidiary, State Bank of India (California), opening a new branch in Frisco, Texas on Saturday.

The Frisco branch marks the subsidiary’s first expansion outside California and takes its US network to eight locations. Situated in the fast-growing North Dallas region, it will offer retail and business banking services, including personal and business deposits, commercial lending and international remittances.

The inauguration was led by SBI Group Chairman Challa Sreenivasulu Setty, alongside Consul General of India in Houston DC Manjunath and Frisco Mayor Mark Hill.

The new branch is expected to serve individuals, professionals, entrepreneurs and businesses across North Texas, a region with a growing Indian diaspora and expanding commercial links with India.

Manjunath welcomed the expansion, saying the branch would strengthen India-US economic and commercial ties while improving financial connectivity for the Indian community in North Texas.

SBI already has a direct presence in the US through full-service branches in New York, Chicago and Los Angeles, as well as a representative office in Washington. These operations are separate from the eight locations run by its California subsidiary.

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Where is the State Bank of India’s new Texas branch located?

The new branch is located in Frisco, situated in the fast-growing North Dallas region of Texas.

What services will the new Frisco branch offer to customers?

The branch offers retail and business banking services, including personal and business deposits, commercial lending, global remittances, and specialised services for Non-Resident Indians.

How many total US locations does the SBI California subsidiary now operate?

With the opening of the Frisco branch, the subsidiary’s network has expanded to a total of eight locations in the United States.

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Shankhyaneel Sarkar

Shankhyaneel Sarkar is a chief sub editor at News18. He covers international affairs, where he focuses on breaking news to in-depth analyses. He has over seven years of experience during which he has …Read More

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