State Bank of India (SBI), India’s largest public sector lender, has expanded its presence in the United States with the opening of a new branch in Frisco, Texas. The move marks the first physical expansion beyond California for SBI’s wholly owned US subsidiary, State Bank of India (California), and reflects the bank’s efforts to strengthen its international banking operations.
The new branch, located in the North Dallas region of Texas, was inaugurated on November 7 by SBI Group Chairman Challa Sreenivasulu Setty. India’s Consul General in Houston, DC Manjunath, and Frisco Mayor Mark Hill were also present at the inauguration ceremony.
With the addition of the Texas branch, SBI’s California subsidiary now operates eight locations across the United States, compared with seven earlier. The expansion is aimed at improving banking access for individuals, businesses, professionals and the growing Indian diaspora in the region.
Frisco was selected because of its expanding population, growing commercial activity and importance as a business destination in North Texas. The Dallas metropolitan region has developed into an important centre for technology companies, financial services, manufacturing and other industries, creating opportunities for banking institutions to serve both individual and corporate customers.
The new branch is expected to offer a range of retail and business banking services. These include personal and business deposits, commercial lending and international remittances. The services are intended to support individuals, entrepreneurs, professionals and companies operating in the region.
The branch is also expected to make banking services more accessible to Non-Resident Indians (NRIs), particularly those who maintain financial and family connections with India. International remittances, cross-border transactions and business banking facilities are among the important services for customers managing financial interests in both countries.
For SBI, the expansion represents an important step in diversifying its international operations beyond its traditional geographical markets in the US. Until now, the bank’s California subsidiary had concentrated its physical operations within California. The Frisco branch marks its first move into another American state.
Speaking at the inauguration, Setty described the opening as an important milestone in SBI’s international growth journey. He said the expansion beyond California reflected the bank’s commitment to serving strategically important markets, local communities and the Indian diaspora.
He also highlighted the importance of strengthening financial and economic connections between India and the United States. The expansion is expected to support individuals and businesses while improving banking connectivity between the two countries.
Manjunath welcomed SBI’s decision to establish a presence in Texas, highlighting the growing Indian community in North Texas and the region’s expanding commercial importance. He noted that the new branch would strengthen financial connectivity and support economic and business relationships between India and the US.
Apart from the eight locations operated by its California subsidiary, SBI maintains a separate direct banking presence in the United States. The lender operates full-service branches in New York, Chicago and Los Angeles, along with a representative office in Washington, DC.
The distinction is important because the new Frisco location belongs to SBI’s California subsidiary and represents its first expansion outside California. It is separate from SBI’s existing direct branches in other American cities.
SBI’s international operations extend well beyond the United States. The bank has 245 overseas points of presence spread across 29 countries. These include branches, representative offices, subsidiaries, sub-offices and joint ventures, making it one of India’s largest banking institutions in terms of international reach.
The lender also maintains correspondent banking relationships with 222 financial institutions across 56 countries. Such arrangements help facilitate international trade settlements, cross-border payments and other financial transactions for businesses and customers operating across different markets.
Digital banking is another important part of SBI’s international expansion strategy. Its YONO Global application provides digital banking services across 14 overseas offices and subsidiaries. The platform allows customers to access banking facilities without depending entirely on physical branches, supporting the bank’s efforts to expand its international customer base.
The expansion in the US comes amid growth in SBI’s overseas business. For the quarter ended September 30, 2026, the bank’s foreign advances increased 22.86% year-on-year to Rs 8,31,332 crore. Deposits mobilised through its overseas branches also rose 22.61% to Rs 2,83,319 crore.
The growth in overseas advances and deposits highlights the increasing contribution of international operations to SBI’s overall banking business. It also reflects demand for financial services among Indian businesses, overseas customers and companies engaged in cross-border trade.
The Texas expansion is expected to help SBI tap into these opportunities, particularly in a region where commercial activity and the Indian-origin population are growing. By offering retail deposits, business loans and international remittance facilities, the lender aims to serve a wider customer base while strengthening its position in the American banking market.