SBI Chairman C.S. Setty Opens 11 Branches, GCC in Bengaluru, Underscoring India’s Thriving GCC Ecosystem
SBI’s Bengaluru expansion signals deeper institutional support for India’s evolving Global Capability Centre ecosystem.
State Bank of India (SBI) has significantly expanded its footprint in Bengaluru with the inauguration of 11 new branches and its first-ever Global Capability Centre (GCC), marking a significant milestone for the bank and India’s burgeoning GCC ecosystem.
SBI Chairman Challa Sreenivasulu Setty inaugurated the bank’s first GCC in Bengaluru, designed to support the rapidly growing ecosystem of Global Capability Centres in India.
The GCC is a strategic initiative by SBI to cater to the specialized banking needs of multinational corporations operating in India. With a dedicated relationship management team in place, SBI aims to provide customized banking solutions to GCCs, solidifying its position as a trusted banking partner.
“Strengthening ecosystems. Enabling growth. Powering the future. SBI Chairman, Shri Challa Sreenivasulu Setty, inaugurated SBI’s first-ever Global Capability Centre (GCC) at Indiranagar, Bengaluru on 07.01.2026. A first-of-its-kind initiative by an Indian bank, the SBI GCC will serve as a single point of contact, offering end-to-end banking solutions to Global Capability Centres operating in Karnataka. On the same occasion, 11 new SBI branches across Karnataka were also inaugurated, further strengthening the outreach and commitment to balanced and inclusive growth”, SBI said in an X post.
India’s GCC ecosystem is thriving, with Bengaluru emerging as a leading hub for technology and product-centric GCCs. The city is home to over 880 GCCs, accounting for almost 29% of the total GCCs in the country. Other major cities like Hyderabad, Mumbai and Pune are also witnessing significant growth in GCCs.
