FCI welcomes new affiliate member- State Bank of India, New York | FCI
Mackinac Bridge in Michigan
Latest News
FCI welcomes new affiliate member- State Bank of India, New York
State Bank India New York branch.png
15 November 2022

State Bank of India (SBI) a Fortune 500 company, is an Indian Multinational, Public Sector Banking and Financial services statutory body headquartered in Mumbai. The rich heritage and legacy of over 200 years, accredits SBI as the most trusted Bank by Indians through generations.

SBI, the largest Indian Bank with 1/4th market share, serves over 45 crore customers through its vast network of over 22,000 branches and more than 60000 ATMs/ADWMs, with an undeterred focus on innovation, and customer centricity, which stems from the core values of the Bank - Service, Transparency, Ethics, Politeness and Sustainability.

The Bank has successfully diversified businesses through its various subsidiaries i.e. SBI General Insurance, SBI Life Insurance, SBI Mutual Fund, SBI Card, etc. It has spread its presence globally and operates across time zones through 227 offices in 30 foreign countries.

SBI is holding about $21 bn balance sheet in USA with presence of 2 state chartered, FDIC insured branches in New York & Chicago, a wholesale banking branch at Los Angeles and a representative office in Washington DC apart from a representative office in Sao Paulo, Brazil. Our New York Branch was established in the year 1971 and has celebrated 50 years of existence in New York in 2021. SBI is also having a subsidiary in USA in the name SBI California which is having 7 branches in California.