State Bank of India (SBI) has expanded its banking subsidiary footprint in the United States with the inauguration of a new branch of SBIC Bank in Frisco, North Dallas, Texas.

The branch, inaugurated by SBI Chairman Challa Sreenivasulu Setty, represents the subsidiary’s first office outside California and takes its total branch count in the country from seven to eight.

Beyond the eight subsidiary branches, SBI operates three direct branches in New York, Chicago and Los Angeles, alongside a representative office in Washington, DC.

The lender selected Dallas because the city serves as a major commercial centre, setting up the outpost to handle retail deposits, commercial lending, remittances across the globe and specialised services for non-resident Indians.

Mr Setty addressed the gathering at the inaugural event, pointing to the institution’s strategic shift in the North American market.

“The inauguration of SBIC Bank's Texas branch marks a significant milestone in SBI’s international growth journey,” Mr Setty said.

He added that the geographic diversification aligns directly with broader economic objectives between the two countries.

“Our expansion beyond California reflects our commitment to strengthen our presence in strategically important markets, serving the vibrant local communities, Indian diaspora and supporting the banking needs of individuals and businesses,” Mr Setty noted.