SBI Unit Opens Frisco Branch in Texas

SBIC Bank's new Frisco office is its first outside California, expanding its U.S. network to eight branches.

Updated on Nov. 7, 2026 in Openings & Closings

Wide photograph of a modern limestone-and-glass commercial bank building set back from an empty suburban boulevard under a clear Texas sky, with an oak tree in the foreground. — State Bank of India Chairman Challa Sreenivasulu Setty inaugurated SBIC Bank's new Frisco, Texas, branch, its first outside California and its eighth U.S. location. AI Illustration. Upload story photo >

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State Bank of India inaugurated a new branch of its subsidiary SBIC Bank in Frisco, North Dallas, Texas. The office is the subsidiary's first outside California and raises its U.S. branch count to eight.

Why it matters

The expansion extends SBI's U.S. footprint into a major commercial centre, with the Dallas branch handling retail deposits, commercial lending, remittances, and services for Non-Resident Indians. It also reflects growing overseas balance sheets at the parent bank.

SBIC Bank's U.S. network grew from seven to eight branches with the Frisco opening. Foreign advances rose 22.86% year-on-year to Rs 8,31,332 crore for the quarter ended September 30, 2026, while the source does not disclose the new branch's own financial figures.

The players

State Bank of India

India's largest state-owned commercial bank, which operates a global network of overseas branches and correspondent relationships.

SBIC Bank

The U.S. subsidiary of State Bank of India, which has expanded its American branch network across several states.

Challa Sreenivasulu Setty

The chairman of State Bank of India, who led the inauguration of the Frisco branch.

The details

SBI Chairman Challa Sreenivasulu Setty inaugurated the Frisco branch, which will serve retail depositors, commercial borrowers, remittance customers, and Non-Resident Indians. SBI already runs direct branches in New York, Chicago, and Los Angeles, and keeps a representative office in Washington, DC.

Foreign advances and overseas deposit growth were reported for the quarter ended September 30, 2026.
The Frisco, Texas branch inauguration was reported on November 7, 2026.

Market Landscape

The Frisco branch extends State Bank of India's push into major U.S. commercial hubs beyond its New York, Chicago, and Los Angeles offices. The move positions SBIC Bank in the Dallas-area market as Indian lenders expand their overseas networks alongside rising foreign advances.

Frisco-area customers can now access SBIC Bank deposit, lending, and remittance services locally rather than travelling to coastal branches. Non-Resident Indians in North Texas gain a closer point of contact for account and remittance needs.

The takeaway

Local access to international banking services is expanding in Texas as Indian banks build out their U.S. footprints. Residents with cross-border financial ties should compare remittance and account options at nearby branches.