WND By Emily Medeiros, The Daily Signal July 19, 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.
State Bank of India is headquartered in Los Angeles and has multiple branches across California. The institution is also backed by the Federal Deposit Insurance Corporation, which insures deposits of up to $250,000 per depositor.
The new Frisco location has drawn criticism from those who say the services could be used to evade American laws.
More:
https://www.wnd.com/2026/07/not-simply-another-community-bank-critics-sound-alarm/
