Retail Banking in Mumbai

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.

HDFC Bank is India’s largest private sector bank, set up in 1994 among the first of the new private banks licensed after liberalisation.

ICICI Bank grew out of the Industrial Credit and Investment Corporation of India, the development finance institution set up in 1955, and became a commercial bank in 1994 before merging with its parent in 2002.

Axis Bank began in 1993 as UTI Bank, promoted by the Unit Trust of India and the public-sector insurers, and took its present name in 2007.

Kotak Mahindra Bank was the first non-banking finance company in India to become a bank, in 2003; the group had begun as Kotak Capital Management in 1985 under Uday Kotak.

IndusInd Bank was set up in 1994 by the Hinduja group, named for the Indus Valley civilisation, and is among the larger private banks of the country; its registered office is in Pune but its corporate office is in Mumbai

Yes Bank was licensed in 2004 and grew fast through the 2010s before a crisis of bad loans led the RBI to place it under a moratorium in March 2020 and reconstruct it with SBI and other banks as shareholders.

RBL Bank is the old Ratnakar Bank of Kolhapur, founded in 1943, which was taken over by a new management in 2010 and rebuilt into a national private bank with its corporate office at One World Centre in Lower Parel.

IDFC First Bank came from the merger in 2018 of IDFC Bank, the banking arm of the infrastructure lender IDFC, with Capital First, a retail finance company; its registered office is in Mumbai and its operations are run fr

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 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 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 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 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, 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.

UCO Bank, the United Commercial Bank founded in Kolkata in 1943 by G.

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

HSBC’s history in India goes back to the Mercantile Bank of India of 1853; its Indian head office is the old Mercantile Bank building at 52/60 Mahatma Gandhi Road in Fort, with large offices in Bandra Kurla Complex.

Standard Chartered has been in India since the Chartered Bank opened in Kolkata in 1858, and India is one of its largest markets; its Indian head office is Crescenzo in Bandra Kurla Complex, with historic branches at For

DBS, Singapore’s largest bank, converted its Indian branches into a wholly-owned subsidiary in 2019 and in 2020 absorbed the failed Lakshmi Vilas Bank, giving it a branch network across the south.

Saraswat Bank, founded in 1918 by the Saraswat community of Mumbai, is the largest urban co-operative bank in India, with its head office at Ekanath Thakur Bhavan in Prabhadevi and branches across Maharashtra, Goa, Gujar

Bombay Mercantile Co-operative Bank was founded in 1939 and has its head office at Marine Lines; it is a multi-state urban co-operative bank with branches in Mumbai and other cities.

Cosmos Bank, founded in Pune in 1906, is the second-oldest and one of the largest urban co-operative banks in the country, with a large Mumbai network.

AU Small Finance Bank, headquartered in Jaipur, is the largest small finance bank in India, converted from the vehicle-finance company AU Financiers in 2017; it has a large Mumbai presence with corporate offices in Bandr

Bajaj Finance, headquartered in Pune, is India’s largest non-banking finance company by market value, lending for consumer durables, two-wheelers, personal loans, SMEs and mortgages through Bajaj Housing Finance; its Mum

Tata Capital is the financial-services company of the Tata group, with its head office at Peninsula Business Park in Lower Parel; it lends to retail, SME and corporate borrowers, finances housing and runs private equity

SVC Bank, the Shamrao Vithal Co-operative Bank founded in 1906, is one of the oldest and largest multi-state scheduled co-operative banks in India, headquartered at SVC Tower, Nehru Road, Santacruz East, with branches in

NKGSB Bank, the North Kanara Gaud Saraswat Brahmin Co-operative Bank founded in 1917, is a scheduled multi-state co-operative bank headquartered at Laxmi Sadan, Girgaon.

Abhyudaya Co-operative Bank, founded in 1964 in the mill district of Parel, is a scheduled multi-state co-operative bank serving the working families of central Mumbai and Navi Mumbai; the RBI superseded its board in 202

Bharat Co-operative Bank, founded in 1978 by the Bunt community of Mumbai, is a scheduled multi-state co-operative bank headquartered at Marutagiri, Goregaon East.

Apna Sahakari Bank, founded in 1968 at Parel, is a scheduled co-operative bank of central Mumbai.

Janakalyan Sahakari Bank, founded in 1974, is a Mumbai co-operative bank headquartered at Chembur with branches across the eastern suburbs.

The Zoroastrian Co-operative Bank, founded in 1927 by the Parsi community, is a scheduled co-operative bank headquartered at Fort.

New India Co-operative Bank, founded in 1968 and headquartered at Santacruz West, is a Mumbai co-operative bank; the RBI placed it under restrictions and an administrator in 2025.

Citizencredit Co-operative Bank, founded in 1920 by the Catholic community of Bandra, is a scheduled co-operative bank headquartered at Bandra West.

The Mumbai District Central Co-operative Bank, the Mumbai Bank, founded in 1974, is the district central co-operative bank of the city, headquartered at Fort and serving housing societies and co-operatives.