State Bank of India (California), known as SBIC Bank, the wholly owned United States subsidiary of State Bank of India (SBI), inaugurated its first branch outside California in Frisco, North Dallas, Texas, on 7 November 2026. SBI Chairman Challa Sreenivasulu Setty opened the branch, taking SBIC Bank’s American network from seven locations to eight.
The inauguration was also attended by the Consul General of India in Houston, D.C. Manjunath, and Frisco Mayor Mark Hill. Manjunath said the branch would strengthen India-United States commercial ties and improve financial connectivity for the growing Indian diaspora in North Texas.
Setty described the opening as a milestone in SBI’s international growth journey. He said the move beyond California aims to serve local communities and the Indian diaspora, support individuals and businesses, and deepen financial links between India and the United States. The expansion follows SBI’s 14.28 per cent rise in second-quarter net profit and further growth in its overseas book.
What the Frisco SBIC branch offers
The new office is at 10402 Coit Road, Suite 400, Frisco, Texas 75035, and is listed on SBIC Bank’s North Dallas branch page. It is scheduled to operate Monday to Saturday from 9:00 a.m. to 4:00 p.m. Central Time.
According to SBI, the branch will provide personal and business banking for individuals, professionals, entrepreneurs and companies in North Texas. Services include retail deposits, commercial lending, remittances to India and other countries, and specialised Non-Resident Indian (NRI) services. The location also lists safe-deposit boxes and NRI and life-certificate attestation.
Those NRI offerings sit alongside wider market changes for overseas Indians, including SEBI’s decision to let NRIs and OCIs complete KYC digitally from abroad.
Why the Texas expansion matters
The Frisco branch is SBIC Bank’s first physical site outside California and is aimed at a fast-growing North Dallas corridor with a large Indian professional community. Remittances, commercial credit and local deposit accounts give the subsidiary a fuller presence in Texas.
The services complement other Indian lenders’ recent cross-border work, such as IndusInd Bank adding 123-currency remittances through J.P. Morgan. Digitally, SBI said its YONO Global platform is already available across 14 foreign offices and subsidiaries, extending the mobile-first approach seen in India, where YONO users reached 11.1 crore in the latest quarter.
How large is SBI’s overseas network?
Besides SBIC Bank’s eight US branches, SBI itself operates full-service branches in New York, Chicago and Los Angeles, and a representative office in Washington, D.C. The parent bank said it has 245 overseas points of presence across 29 countries, including branches, sub-offices, representative offices, foreign banking subsidiaries and joint ventures, plus correspondent relationships with 222 banks in 56 countries. More detail on the US subsidiary is published on the SBIC Bank website.
SBI said advances at its foreign offices grew 22.86 per cent year on year to Rs 8,31,332 crore in the quarter ended 30 September 2026, while deposits raised through those offices rose 22.61 per cent to Rs 2,83,319 crore.
Key takeaways
- SBIC Bank opened its first branch outside California in Frisco, Texas, on 7 November 2026, taking its US network to eight locations.
- SBI Chairman Challa Sreenivasulu Setty inaugurated the branch, which will offer deposits, commercial lending, remittances and specialised NRI services.
- SBI also has branches in New York, Chicago and Los Angeles and a representative office in Washington, D.C., as part of 245 overseas points of presence in 29 countries.
FAQ
Where is SBI’s new Texas branch located?
The new SBIC Bank branch is at 10402 Coit Road, Suite 400, Frisco, Texas 75035, in the North Dallas area. It is the subsidiary’s first office outside California.
Who inaugurated the SBIC Bank Frisco branch?
SBI Chairman Challa Sreenivasulu Setty inaugurated the branch on 7 November 2026, with Consul General of India in Houston D.C. Manjunath and Frisco Mayor Mark Hill also present.
What banking services will the Frisco branch provide?
SBI said the branch will offer retail deposits, commercial lending, remittances to India and other countries, specialised NRI services, safe-deposit boxes and life-certificate attestation.
Featured image: State Bank of India Chairman Challa Sreenivasulu Setty. Photo: official board portrait via SBI Life Insurance.
