The State Bank of India has branches in New York and Chicago that are insured by the Federal Deposit Insurance Corporation. The New York branch is located at 460 Park Avenue, Manhattan, as of 2015. The Chicago branch is located at 19 South LaSalle Street, Suite 200. Both branches are open from 9 a.m to 4 p.m. from Monday to Friday.Continue Reading
The State Bank of India has a non-FDIC-insured branch in Los Angeles. This branch is located at 707 Wiltshire Boulevard, 19th Floor, Suite 1995. The bank also has a representative office in Washington D.C. Its address is 2001 Pennsylvania Avenue, Suite 150. The representative office is open from 9 a.m. to 5 p.m. on weekdays.
The services offered at the State Bank of India’s U.S. branches include deposit and checking accounts, commercial loans, trade finance and money transfers. The bank also offers online banking services.
The State Bank of India started as the Bank of Calcutta in 1806 and was later renamed the Bank of Bengal. The bank merged with the Bank of Madras and the Bank of Bombay in 1921 to form the Imperial Bank of India. The Reserve Bank of India acquired the bank in 1955. The Indian Parliament then passed an act to create the current State Bank of India. The government of India is the single largest shareholder of the bank.Learn more about Banks