‘Not Simply Another Community Bank’: Critics Sound Alarm Over New Indian Bank in Texas
19th July 2026
The State Bank of India has announced it is opening a new branch in Frisco, Texas, with critics raising concerns about Indian workers sending remittances back to India with minimal fees.
The branch is expected to open in mid-September and will be located off Coit Road.
The Indian population in the Dallas-Fort Worth area is estimated at about 230,000, with many being in the U.S. on H-1B visas. The population increased by 20% from 2020 to 2024 as the federal government continued approving H-1B visas.
The bank’s website states that customers can send remittances—money foreign workers send back to their home countries—with zero transfer fees.
Online customers can send up to $50,000 per day, while mobile customers can send up to $25,000 per day, according to the bank’s website. There is no stated limit for remittances sent from a branch. The bank specializes in remittance services to India and Bangladesh.
Employees at the bank speak multiple languages, including English, Hindi, Punjabi, and other Indian languages.
July 19th, 2026 at 18:11
My son lived in Los Colinas (NW Dallas area) and I remember going to a movie theater where all the films in the right hallway were Hollywood and all the ones to the left hallway were Bollywood. A guy who worked security in the apartment complex told me that the management ordered him to be especially nice to the Indians. Why? “Because they always pay the rent on time.” An India-based bank in the area makes more sense than people outside of the area might believe.