He competed in the 1928 Summer Olympics with the Italy national football team, winning a bronze medal.
He played for seven seasons (120 games, 48 goals) in the Italian Serie A for Genova 1893, A.S. Roma, A.S. Bari and U.S. Alessandria Calcio 1912.
Banchero was a member of the Italy national team which won the bronze medal in the football tournament at the 1928 Summer Olympics.
He also started in the first match of the 1931-32 Central European International Cup silver winning campaign.
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