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Priority Sector and Rural Lending in Mumbai

Agriculture, small industry and the lending the regulator requires.

Priority Sector and Rural Lending in Mumbai

Mumbai is India's banking capital. The Reserve Bank of India sits here, and so do the head offices of the State Bank of India, HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank, Union Bank of India, Bank of India and Central Bank of India, along with the India head offices of the foreign banks and the country's payments infrastructure. The money market, the regulator and the corporate client base are all in the same few square kilometres, and the head offices followed them.

Named companies

Named companies

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11companies

State Bank of India

Nariman Point

Public sector bank

State Bank of India is the largest bank in the country, descended from the Bank of Calcutta of 1806 through the Imperial Bank of India, and constituted in its present form in 1955.

IDBI Bank Limited

Bandra Kurla Complex

Bank (LIC-promoted)

IDBI Bank is the former Industrial Development Bank of India, the development finance institution set up in 1964 that became a commercial bank in 2004; it is now majority-owned by the Life Insurance Corporation and the G

Bank of Baroda

Bandra Kurla Complex

Public sector bank

Bank of Baroda was founded in 1908 by Maharaja Sayajirao Gaekwad III of Baroda and nationalised in 1969; it absorbed Dena Bank and Vijaya Bank in 2019 to become the second-largest public sector bank.

Bank of India

Bandra Kurla Complex

Public sector bank

Bank of India was founded in Mumbai in 1906 by a group of the city’s merchants and nationalised in 1969; its head office is Star House in Bandra Kurla Complex, and its old Mumbai main branch is at Mahatma Gandhi Road in

Union Bank of India

Nariman Point

Public sector bank

Union Bank of India was registered in Mumbai in 1919, its head office inaugurated by Mahatma Gandhi, and nationalised in 1969; in 2020 it absorbed Andhra Bank and Corporation Bank.

Central Bank of India

Fort and Horniman Circle

Public sector bank

Central Bank of India was founded in Mumbai in 1911 by Sir Sorabji Pochkhanawala, the first commercial bank wholly owned and managed by Indians, and nationalised in 1969.

Punjab National Bank

Ballard Estate

Public sector bank

Punjab National Bank, founded in Lahore in 1894 and headquartered in Delhi, is one of the largest public sector banks after absorbing Oriental Bank of Commerce and United Bank of India in 2020.

Canara Bank

Nariman Point

Public sector bank

Canara Bank, founded in Mangalore in 1906 and headquartered in Bengaluru, absorbed Syndicate Bank in 2020 and is among the four largest public sector banks; its Mumbai circle office and corporate branches are at Nariman

Priority Sector and Rural Lending across the city

Other banking segments

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