About State Bank of India

Founded in 1806 the Bank of Calcutta was the first bank established in India and evolved into State Bank of India (SBI). SBI has a legacy of over 200+ years with a controlling ownership by the Government of India. It is the oldest commercial bank in the Indian subcontinent, strengthening the nation’s trillion-dollar economy and serving its vast population. The equity shares of SBI are listed on the Bombay Stock Exchange Limited, Mumbai along with the National Stock Exchange, Mumbai and its Global Depository Receipts (GDRs) are listed on the London Stock Exchange (LSE).

State Bank of India, India’s largest commercial bank in terms of assets, deposits, branches, number of customers and employees, enjoys the continuing trust of millions of customers across the social spectrum.

SBI, headquartered in Mumbai, has an extensive network, with over 21,000 plus branches and 55,000 ATMs in India and 232 overseas offices spread over 32 countries thus having the largest presence in foreign markets among Indian banks. SBI is 54th largest Bank in Global Banks with assets worth more than USD 550 billion, 250,000 employees, 435 million customers.

For more information about State Bank of India, please visit the website www.sbi.co.in or www.bank.sbi

About US Operations

SBI US Operations is serving in US for the last 40+ years and operates from New York and Chicago branches. The Bank offers variety of products and services to its customers. These encompass retail, corporate, trade, treasury needs of our clients in US.

The US Operations team is led by Country Head who is based at headquarter located at New York and supported by CEOs of branches and a team of senior management with oversight functions of credit management, treasury, risk management, regulatory compliance, operations, financial control, audit, IT, HR, business development and deposits.


Mr. Virendra Bansal
Country Head of SBI US Operations

Mr. Bansal is Country Head of US Operations. He is a career banker with over 30 years of experience with State Bank of India in India and overseas. Mr. Bansal has handled several important and crucial assignments in diverse areas of credit, international banking and retail banking.

Chief Executive Officer, New York branch

Mr. Amit Jhingran
Chief Executive Officer, Chicago branch

Mr. Jhingran has 29 years of Banking experience with State Bank of India handling varied assignments in retail, risk management and small and medium enterprises. He is the CEO of Chicago branch since 2016. He has been a successful Regional Manager with overseeing 55 branches had 600 employees reporting.

US Offices

Branch Offices: New York & Chicago (FDIC insured).
Agency: Los Angeles Agency
Representative Office: Washington DC

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