Treasury and Money Markets in Mumbai

The Reserve Bank of India is the country’s central bank, set up in 1935 under the Reserve Bank of India Act and nationalised in 1949.

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

Citi has been in India since 1902, when the International Banking Corporation opened in Kolkata, and Citibank India has long been headquartered in Mumbai, now at the First International Financial Centre in Bandra Kurla C

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

Deutsche Bank has been in India since 1980, with its Indian head office at The Capital in Bandra Kurla Complex and the old Deutsche Bank House at Hazarimal Somani Marg, Fort.

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.

Bank of America has operated in India since 1964 and runs its Indian business from Express Towers at Nariman Point and offices in Bandra Kurla Complex.

Barclays has been in India since 1990 and runs corporate and investment banking from Ceejay House, Worli, and Bandra Kurla Complex, with its large Barclays Global Service Centre in Mumbai and Pune supporting the group wo

J.P.