SBI Expands US Footprint, Opens First Subsidiary Branch Outside California in Texas

State Bank of India (SBI) has expanded its footprint in the United States with the inauguration of a new branch in Frisco, Texas, marking the first physical expansion of its wholly-owned US subsidiary beyond California.

The new branch, operated by SBI California, takes the subsidiary's network to eight locations and marks a significant step in the lender's efforts to strengthen its presence in the rapidly growing North Texas region.

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

Strategically located in the North Dallas region, the Frisco branch will offer a comprehensive range of retail and business banking services. These include personal and business deposit accounts, commercial lending and international remittance facilities.

The branch is expected to cater to the banking requirements of individuals, working professionals, entrepreneurs and corporate customers across North Texas, an area witnessing rapid economic and population growth.

Highlighting the importance of the expansion, Consul General Manjunath said the new branch would strengthen India-US economic and commercial relations while improving financial connectivity for the growing Indian diaspora in North Texas.

SBI is India's leading bank in terms of international reach, with 245 overseas offices across 29 countries as of March 2026. It is followed by Bank of Baroda and ICICI Bank, which also have significant overseas operations. SBI's international network spans retail and corporate banking, trade finance and cross-border financial services, making the Texas expansion part of its broader global growth strategy.

Apart from its subsidiary's eight locations, SBI also maintains a direct banking presence in the US through full-service branches in New York, Chicago and Los Angeles, besides a representative office in Washington.