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Small Finance and Payments Banks in Mumbai

The newer licence categories created by the central bank.

Small Finance and Payments Banks 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

Each name opens its own page on this site; Explore opens a Google search.

8companies

AU Small Finance Bank

Bandra Kurla Complex

Small finance bank

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

Paytm Payments Bank

Bandra Kurla Complex

Payments bank

Paytm Payments Bank, licensed in 2017 and based in Noida, was the largest of the payments banks until the RBI barred it from taking new deposits in 2024; it is listed here as a payments bank of record with operations in

Payments bank

Airtel Payments Bank, promoted by Bharti Airtel, was the first payments bank to open in 2017 and is the largest operating one, with its registered office in Delhi and operations across Mumbai.

Fino Payments Bank

Andheri and Goregaon

Payments bank

Fino Payments Bank, headquartered in Navi Mumbai, grew out of the Fino Paytech business-correspondent network and opened as a payments bank in 2017; it is listed on the stock exchanges.

Suryoday Small Finance Bank

Bandra Kurla Complex

Small finance / payments bank

Suryoday Small Finance Bank, headquartered at CBD Belapur in Navi Mumbai, began as a microfinance company in 2008 and became a small finance bank in 2017; it is listed on the exchanges and lends to small borrowers across

Unity Small Finance Bank

Bandra Kurla Complex

Small finance / payments bank

Unity Small Finance Bank, promoted by Centrum and BharatPe, was licensed in 2021 to take over the failed PMC Bank and runs from Kalina, Santacruz East, with PMC’s old branches across Mumbai.

Jio Payments Bank

Bandra Kurla Complex

Small finance / payments bank

Jio Payments Bank, promoted by Reliance Industries and now owned wholly by Jio Financial Services, is headquartered in Navi Mumbai and offers savings accounts and payments through the Jio network.

Small finance / payments bank

NSDL Payments Bank, promoted by the depository NSDL, is headquartered at Kamala Mills, Lower Parel, and offers accounts and payments through digital channels.

Small Finance and Payments Banks across the city

Other banking segments

Company, mill, factory and shop names and trademarks belong to their respective owners. Inclusion is for independent discovery only, not endorsement or affiliation.