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The Mumbai edition · 2026

Bankscompanies in Mumbai

Commercial banks, co-operative banks, digital banks, listed, startups and more: the companies building banks in Mumbai, Maharashtra, with their founders, funding, team size and business models.

Explore in Radar See the ranked list ↓
63 company profiles15 with reported revenue3 with recorded fundingOctober 2026 edition
Mumbai · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent banks business events in India

Funding, M&A, contract wins and launches involving 586 banks companies in India, last 24 months: 160 M&A deals · 113 Contracts · 44 launches · 19 funding rounds. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

ContractService

Indian overseas bank · client: National

National Aluminium Company Limited (NALCO) has signed a Memorandum of Understanding (MoU) with Indian Overseas Bank (IOB) to roll out a Corporate Salary Package for its employees.

Banking
M&AAcquisition · Announced

Mirae asset mutual fund acquires Equitas small finance bank

It has informed that the Reserve Bank of India has granted approval to Mirae Asset Mutual Fund to acquire a stake of up to 9.5% in the bank's paid-up capital or voting rights.

Banking
M&AAcquisition · Announced

Na acquires Central bank of india

Khaitan & Co, acted as legal counsel to the Broker, Goldman Sachs (India) Securities Private Limited, in relation to the offer for sale of equity shares of Central Bank of India held by…

Banking/Financial Services
M&AAcquisition · Completed

Lic acquires Central bank of india

In an exchange filing, the Central Bank of India said LIC acquired 26.26 crore equity shares, representing 2.901% stake in the public sector lender, through market purchases on May 22.

Banking
M&AAcquisition · Completed

TVS Motor acquires Jana small finance bank

The acquisition was finalised on 22nd May 2026, marking a significant step for TVS Motor in expanding its investment portfolio. The company now holds a 4.90% stake in Jana Small Finance…

Financial Services
M&AAcquisition · Announced

TVS Motor Company Limited acquires Jana small finance bank

Jana Holdings Limited agreed to sell approximately 4.9% (four point nine percent) of the total paid-up equity share capital of Jana Small Finance Bank to TVS Motor Company Limited. The…

Banking
M&AAcquisition · Announced

TVS VENU acquires Jana small finance bank

Under the SPA the acquisition is expected to be completed within three months from May 18 TVS Motor Company, on Monday, May 18, said it will acquire a 4.9% stake in Jana Small Finance…

Financial Services
M&AAcquisition · Announced

TVS Venu Group acquires Jana small finance bank

TVS Venu Group acquired a 9.9 per cent stake in Jana Small Finance Bank for ₹193.3 crore as part of a broader investment to deepen its presence in India's financial services sector, the…

Small Finance Banking
M&AAcquisition · Announced

Tvs credit services acquires Jana small finance bank

The investment in Jana Small Finance Bank will allow for mutual collaboration in various areas for the long-term success of the Bank, subject to applicable laws, according to a statement.

Banking
M&AAcquisition · Announced

Emirates NBD Bank acquires Rbl bank

The proposed investment, by way of primary infusion of approximately USD 3 billion (about 26,850 crore) represents one of the largest international investments in the Indian banking sector.

Banking
M&AAcquisition · Announced

Tvs group acquires Jana small finance bank

the TVS Group is set to acquire a 9.99% stake in Jana Small Finance Bank through a preferential allotment, marking a significant strategic investment in the small finance banking space.

Banking
M&AAcquisition · Announced

Shivalik small finance bank acquires ManiBhavnam Home Finance

Shivalik Small Finance Bank, backed by Japan's largest lender Sumitomo Mitsui Banking Corporation (SMBC), is in the final stages of acquiring Delhi-based ManiBhavnam Home Finance in a…

Housing Finance
ContractInfrastructure

Nbcc (india) limited · client: Canara bank

The company will also construct residential apartments for Canara Bank in Punkunnam, Thrissur, with a project value of approximately ₹7.46 crore.

Residential Real Estate
ContractService

Dynacons Systems & Solutions · client: Punjab & sind bank

In February, Dynacons had secured a ₹108.88 crore contract from Punjab & Sind Bank for implementing and managing an on-premises private cloud infrastructure over five years.

Technology
M&AMerger · Announced

Tjsb sahakari bank acquires The Bhavani Sahakari Bank Ltd.

the Reserve Bank of India has approved the voluntary amalgamation of The Bhavani Sahakari Bank Ltd. with TJSB Sahakari Bank.

Cooperative banking
M&AAcquisition · Announced

Federal bank acquires Standard Chartered Bank

Federal Bank said it agreed to acquire a select credit card portfolio of around 4.5 lakh cards from Standard Chartered Bank, India, comprising customers with standalone card relationships.

Banking
M&AAcquisition · Completed

Barclays acquires Tesco’s banking arm

Barclays’ £600m takeover of Tesco’s banking arm last year.

Retail banking
M&AAcquisition · Announced

Federal bank acquires Standard Chartered Bank India

Federal Bank has entered into an agreement with Standard Chartered Bank India to acquire the British lender’s select portfolio of credit card business for an undisclosed sum.

Banking
M&AAcquisition · Announced

National bank for agriculture and rural development (nabard) acquires 24×7 Moneyworks Consulting Pvt. Ltd

The National Bank for Agriculture and Rural Development (NABARD) has acquired equity stake in 24×7 Moneyworks Consulting Pvt. Ltd, a next-generation agri-fintech venture.

Agri-fintech
Funding

Axis finance

Axis Finance has secured ₹750 crore in primary capital from private equity firm Kedaara Capital for a 5.08% stake, the non-banking financial company's parent Axis Bank said in a…

Investors Kedaara capital
Financial Services
ContractService

State bank of india · client: Singareni Collieries Company Limited

The Singareni Collieries Company Limited (SCCL) on Thursday signed a new insurance agreement with State Bank of India (SBI) to enhance financial security for its employees and their…

Insurance
LaunchAU Royale Banking Programme

Au small finance bank

On the occasion of its 31st Foundation Day, AU Small Finance Bank (AU SFB), India’s largest Small Finance Bank and the first in over a decade to receive in‑principle approval to…

Premium Banking Programme
ContractService

Novus loyalty · client: Central bank of india

Novus Loyalty has executed a Service Level Agreement (SLA) with Central Bank of India for providing Loyalty Rewards Program for various Digital Channels including Debit Card, UPI,…

Financial Services
M&AAcquisition · Completed

Blackrock acquires Barclays

The 73-year-old CEO told investors last year that it reminds him of the early days after we acquired the iShares business from Barclays in 2009.

Banking
LaunchBob SAMVAD

Bank of baroda

Bank of Baroda (Bank) unveiled its bob SAMVAD, which was formally launched by M. Nagaraju, Secretary, Department of Financial Services (DFS), Ministry of Finance in Mumbai on March 28, 2026.

ContractSupply

Aurionpro Transit · client: State bank of india

The consortium of State Bank of India Aurionpro Transit – Aurionpro was awarded the project in 2017 and is a contract for 10 years.

ContractService

State bank of india · client: Chargezone

Aligned with the Government of India’s PM E-Drive initiative, the rollout is supported by a financing partnership with State Bank of India.

Infrastructure
ContractService

Avio Smart Market Stack Limited (ASMS) · client: Indian overseas bank

Avio Smart Market Stack Limited (ASMS) has secured a significant purchase order from Indian Overseas Bank to implement Corporate Business Correspondent (CBC) services under the bank’s…

Financial Services
M&AAcquisition · Announced

Kotak mahindra bank acquires Deutsche bank

Kotak Mahindra Bank to acquire Deutsche Bank’s India retail business in ₹4,500 crore deal, expanding its retail lending and deposit footprint.

Banking

Banks companies in Mumbai, by funding and team

Few banks companies in Mumbai, Maharashtra publish revenue, so this list compares what is on record instead: recorded equity funding, team size, revenue model, age and stage. The 50 companies below lead on recorded funding and team size among 63 active companies.

Showing 25 of 50

Small finance bank offering savings accounts, deposits, and loan products

Banks
US$110.94mSeries B · May 2020
4,232+14% 12 mo to Sep 2024LinkedIn · Oct 2026
Commission on transaction / Lending
18 yr2008
0none in 3 months

Commercial bank

Banks
US$34.96mSeries A · Mar 2018
6,337-15% 12 mo to Sep 2024LinkedIn · Oct 2026
Commission on transaction / E-commerce - service
20 yr2006
0none in 3 months · last posted Jul 2026

Commercial bank

Banks
US$4.63mPE · Mar 2004
41,207+6% 12 mo to Sep 2024LinkedIn · Oct 2026
Fee-for-service
22 yr2004
86postings · last posted Oct 2026

Provider of commercial banking and financial services

Banks
—None recorded
235,858-1% 12 mo to Mar 2023recorded Mar 2023
Fee-for-service
220 yr1806
0none in 3 months

Commercial bank

Banks
—None recorded
6-3% 12 mo to Mar 2023LinkedIn · Oct 2026
Fee-for-service
71 yr1955
0none in 3 months

Diversified financial institution

Banks
—None recorded
167+23% 12 mo to Mar 2024LinkedIn · Oct 2026
Commission on transaction / Fee-for-service
32 yr1994
—No postings tracked

Provider of commercial banking services

Banks
—None recorded
217,043+23% 12 mo to Mar 2024LinkedIn · Oct 2026
Commission on transaction / Fee-for-service
32 yr1994
0none in 3 months

Provider of commercial banking services

Banks
—None recorded
186,189+6% 12 mo to Jun 2024LinkedIn · Oct 2026
Commission on transaction / Fee-for-service
32 yr1994
0none in 3 months · last posted Jun 2026

Provider of a commercial banking services

Banks
—None recorded
88,302-29% 12 mo to Sep 2024LinkedIn · Oct 2026
Commission on transaction / Fee-for-service
41 yr1985
0none in 3 months

Internet-first bank offering digital banking services for individuals

Banks
—None recorded
629+4% 12 mo to Sep 2024LinkedIn · Oct 2026
Commission on transaction / Fee-for-service
10 yr2016
0none in 3 months

Commercial bank

Banks
—None recorded
51,825recorded
Fee-for-service
120 yr1906
1postings · last posted Sep 2026

Commercial bank

Banks
—None recorded
30,770+2% 12 mo to Mar 2023recorded Mar 2023
Commission on transaction / Fee-for-service
115 yr1911
—No postings tracked

IDBI Bank offers a wide range of products from savings and current bank account to loans for retail and msme customers or agri loans to farmers

Banks
—None recorded
12,950recorded
Commission on transaction / Fee-for-service
62 yr1964
0none in 3 months

Commercial bank

Banks
—None recorded
16,480+13% 12 mo to Mar 2024LinkedIn · Oct 2026
Fee-for-service
83 yr1943
0none in 3 months · last posted Jun 2026

Commercial bank

Banks
—None recorded
10,829+14% 12 mo to Mar 2024LinkedIn · Oct 2026
Commission on transaction / Fee-for-service
96 yr1930
5postings · last posted Sep 2026

Provider of debit cards, investment, and cash management services

Banks
—None recorded
7,100-67% 12 mo to Dec 2021recorded Dec 2021
Commission on transaction / Fee-for-service
—
259postings · last posted Oct 2026

Urban co-operative bank

Banks
—None recorded
14+74900% vs previous recordLinkedIn · Oct 2026
Fee-for-service
48 yr1978
—No postings tracked

Commercial bank

Banks
—None recorded
2,500recorded
Commission on transaction / E-commerce - service
10 yr2016
1postings · last posted Aug 2026

Urban co-operative bank

Banks
—None recorded
2,401recorded
Commission on transaction / Fee-for-service
120 yr1906
—No postings tracked

NKGSB BANK is a cooperative bank that offers digital banking, banking, financial services, and insurance services.

Banks
—None recorded
1,750recorded
Fee-for-service
109 yr1917
—No postings tracked

Provider of consumer and SME loans

Banks
—None recorded
1,483+17% 12 mo to Sep 2024recorded Sep 2024
Commission on transaction / Lending
31 yr1995
—No postings tracked

Commercial bank

Banks
—None recorded
54,495-14% 12 mo to Aug 2024LinkedIn · Oct 2026
Commission on transaction / Fee-for-service
29 yr1997
426postings · last posted Oct 2026

Commercial bank

Banks
—None recorded
893+15% 12 mo to Sep 2024LinkedIn · Jul 2026
Commission on transaction / Fee-for-service
8 yr2018
0none in 3 months

Real estate investment management firm

Banks
—None recorded
568+6% 12 mo to Sep 2024recorded Sep 2024
Commission on transaction / Fee-for-service
21 yr2005
0none in 3 months

Bassein Catholic Co-operative Bank is a personal and NRI banking services provider.

Banks
—None recorded
259+218% vs previous recordLinkedIn · Oct 2026
Commission on transaction / Fee-for-service
108 yr1918
—No postings tracked
50 of 63 companies shown here · the full list is on Radar
Fliar Radar

Explore all 63 banks companies in Mumbai on Radar

This page shows the top 50. Radar has the complete, filterable list with contacts and live company signals.

Open banks in Mumbai on Radar
  • Every company, not just 50All 63 banks companies in Mumbai, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
  • Live signalsFunding rounds, hiring, launches and M&A as they happen, with alerts on the companies you follow.
  • Save and exportBuild lists, compare companies side by side and export them from your Radar account.

Explore banks in Mumbai by what you are looking for

Browse the top banks in Mumbai and the best banks in India headquartered here, from large commercial banks to co-operative banks. Find a list of banks in Mumbai by type, including digital-first and special purpose banks.

6 ways to explore banks in Mumbai

Commercial banks in MumbaiCo-operative banks in MumbaiDigital & internet-first banksListed banks in MumbaiNewer banks & bank startups in MumbaiBanks hiring in Mumbai

Commercial banks in Mumbai

Large public and private sector banks offering savings, current accounts and loans.

  1. SBI

    Provider of commercial banking and financial services

    Banks
    See in list
  2. ICICI Bank

    Provider of commercial banking services

    Banks
    See in list
  3. Kotak Mahindra Bank

    Provider of a commercial banking services

    Banks
    See in list
  4. Bank of India

    Commercial bank

    Banks
    See in list
  5. IDFC First Bank

    Commercial bank

    Banks
    See in list
43 companies in MumbaiAll 58 banks companies in Mumbai →

Co-operative banks in Mumbai

Member-owned urban and rural co-operative banks serving local communities.

  1. Bharat Co-operative Bank

    Urban co-operative bank

    Banks
    See in list
  2. Abhyudaya Co-Operative Bank

    Co-operative bank

    Banks
    See in list
  3. NABARD

    Development bank focusing on agricultural and rural development

    Banks
    See in list
  4. BASSEIN CATHOLIC COOPERATIVE BANK LIMITED

    Bassein Catholic Co-operative Bank is a personal and NRI banking services provider.

    Banks
    See in list
4 companies in MumbaiAll 58 banks companies in Mumbai →

Digital & internet-first banks

Banks offering digital-first banking services and microfinance banking.

  1. Suryoday

    Small finance bank offering savings accounts, deposits, and loan products

    Banks
    See in list
  2. Kotak 811

    Internet-first bank offering digital banking services for individuals

    Banks
    See in list
  3. AFL

    Provider of consumer and SME loans

    Banks
    See in list
3 companies in MumbaiAll 58 banks companies in Mumbai →

Listed banks in Mumbai

Publicly traded banks headquartered in Mumbai.

  1. SBI

    Provider of commercial banking and financial services

    Banks
    See in list
  2. ICICI Bank

    Provider of commercial banking services

    Banks
    See in list
  3. Bank of India

    Commercial bank

    Banks
    See in list
  4. IDFC First Bank

    Commercial bank

    Banks
    See in list
  5. Yes Bank

    Commercial bank

    Banks
    See in list
14 companies in Mumbai

Newer banks & bank startups in Mumbai

Recently founded banking companies in Mumbai.

  1. Gain Standard Trust

    The company offers comprehensive banking and financial solutions

    Banks
    See in list
  2. Caden Online

    Provider of investment banking and consumer financial services

    Banks
    Website
  3. Trustfield Union

    Trust Field Union

    Banks
    Website
3 companies in Mumbai

Banks hiring in Mumbai

Banks in Mumbai with open roles.

  1. ICICI Bank

    Provider of commercial banking services

    Banks
    See in list
  2. Bank of India

    Commercial bank

    Banks
    See in list
  3. IDFC First Bank

    Commercial bank

    Banks
    See in list
  4. Yes Bank

    Commercial bank

    Banks
    See in list
  5. RBL Bank

    Commercial bank

    Banks
    See in list
11 companies in Mumbai
Mobile reach

Top 10 banks apps from Mumbai

The most-installed Android apps published by banks companies headquartered in Mumbai — 373.5M installs between them. 26 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

Yono Lite SBI - Mobile Banking

by SBI

Installs95.1M
Rating3.32.7M ratings
Installs, year on year+12%
Last updatedMay 2026
Legal entityState Bank of Indiadeclared on Google Play
View on Google Play ↗
Yono Lite SBI - Mobile Banking screenshot 1Yono Lite SBI - Mobile Banking screenshot 2Yono Lite SBI - Mobile Banking screenshot 3Yono Lite SBI - Mobile Banking screenshot 4Yono Lite SBI - Mobile Banking screenshot 5Yono Lite SBI - Mobile Banking screenshot 6
3

Kotak Bank: 811 Mobile App

by Kotak 811

Installs49.2M
Rating4.711.4M ratings
Last updatedMay 2026
Legal entityKOTAK MAHINDRA BANK LIMITEDdeclared on Google Play
View on Google Play ↗
Kotak Bank: 811 Mobile App screenshot 1Kotak Bank: 811 Mobile App screenshot 2Kotak Bank: 811 Mobile App screenshot 3Kotak Bank: 811 Mobile App screenshot 4Kotak Bank: 811 Mobile App screenshot 5Kotak Bank: 811 Mobile App screenshot 6
4

IDFC FIRST Bank: MobileBanking

by IDFC First Bank

Installs40.7M
Rating4.862.7M ratings
Installs, year on year+45%
Last updatedMay 2026
Legal entityIDFC FIRST BANK LIMITEDCIN L65110TN2014PLC097792
View on Google Play ↗
IDFC FIRST Bank: MobileBanking screenshot 1IDFC FIRST Bank: MobileBanking screenshot 2IDFC FIRST Bank: MobileBanking screenshot 3IDFC FIRST Bank: MobileBanking screenshot 4IDFC FIRST Bank: MobileBanking screenshot 5IDFC FIRST Bank: MobileBanking screenshot 6
6

HDFC Bank App: Banking & Cards

by HDFC Bank

Installs21.4M
Rating4.821.2M ratings
Last updatedMay 2026
Legal entityHDFC BANK LIMITEDdeclared on Google Play
View on Google Play ↗
HDFC Bank App: Banking & Cards screenshot 1HDFC Bank App: Banking & Cards screenshot 2HDFC Bank App: Banking & Cards screenshot 3HDFC Bank App: Banking & Cards screenshot 4HDFC Bank App: Banking & Cards screenshot 5HDFC Bank App: Banking & Cards screenshot 6
9

IDBI Bank GO Mobile+

by IDBI Bank

Installs13.2M
Rating3.99323K ratings
Installs, year on year+24%
Last updatedApr 2026
Legal entityDHARMENDRA PALdeclared on Google Play
View on Google Play ↗
IDBI Bank GO Mobile+ screenshot 1IDBI Bank GO Mobile+ screenshot 2IDBI Bank GO Mobile+ screenshot 3IDBI Bank GO Mobile+ screenshot 4IDBI Bank GO Mobile+ screenshot 5IDBI Bank GO Mobile+ screenshot 6
10

Pockets-Bill Payment, Recharge

by ICICI Bank

Installs9.1M
Rating2.86166K ratings
Installs, year on year+4%
Last updatedApr 2026
Legal entityICICI BANK LIMITEDCIN L65190GJ1994PLC021012
View on Google Play ↗
Pockets-Bill Payment, Recharge screenshot 1Pockets-Bill Payment, Recharge screenshot 2Pockets-Bill Payment, Recharge screenshot 3Pockets-Bill Payment, Recharge screenshot 4Pockets-Bill Payment, Recharge screenshot 5
The business behind the activity

Banks financials in Mumbai

Revenue, profit and growth from the filed annual accounts of 6 banks companies in Mumbai, Maharashtra for FY24-25 — 10 of the 63 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 100% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹20,060.83 cr

6 companies filing accounts

combined net profit₹2,190.90 cr

10.9% aggregate margin

are profitable100%

6 of 6 companies

median revenue~₹1,058.9 cr

the typical company

median revenue growth+25%

into FY24-25

earned by the top five100%

revenue concentration

Six-year view

Combined revenue of filing companies

₹10,088.58 crFY19-205 filers
₹11,363.50 crFY20-215 filers
₹13,303.57 crFY21-225 filers
₹18,622.04 crFY22-236 filers
₹23,872.81 crFY23-246 filers
₹20,060.83 crFY24-256 filers

The number of companies filing changes each year; the three-year cohort below compares like with like.

Like-for-like

The same 4 companies over three years

+50%
FY22-23₹13,370.24 cr₹1,631.56 cr net
FY23-24₹17,162.85 cr₹1,807.72 cr net
FY24-25₹20,060.83 cr₹2,190.90 cr net

Companies with accounts for all three years, so growth is not an artefact of who filed.

Scale and profit

Bigger companies are far more often profitable

Under ₹1 cr2100% profitable
₹1–10 cr0—
₹10–100 cr0—
₹100–1,000 cr1100% profitable
Over ₹1,000 cr3100% profitable

Companies by FY24-25 revenue. Bars show how many companies sit in each band.

Momentum

How fast revenue moved into FY24-25

Shrinking0
0–20%1
20–50%3
50–100%0
Doubled+0

4 companies with accounts for both years; median growth +25%.

Profitability

Profit is concentrated at the top

6profitable
0loss-making
10.9%aggregate margin
33.3%median margin

The aggregate margin is pulled up by a few large filers; the median shows the typical company.

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
AFLAXIS FINANCE LIMITED+30%₹4,100.64 cr
Fino Payments BankFINO PAYMENTS BANK LIMITED+25%₹1,847.10 cr
SBI-SGSBI-SG GLOBAL SECURITIES SERVICES PRIVATE LIMITED
Citicorp FinanceCITICORP SERVICES INDIA PRIVATE LIMITED
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
SBI-SGSBI-SG GLOBAL SECURITIES SERVICES PRIVATE LIMITED
AFLAXIS FINANCE LIMITED15.9%₹4,100.64 cr
Citicorp FinanceCITICORP SERVICES INDIA PRIVATE LIMITED
Fino Payments BankFINO PAYMENTS BANK LIMITED5.0%₹1,847.10 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Banks6₹20,060.83 cr~₹1,058.9 cr100%10.9%
Leaders

Largest banks companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Citicorp FinanceCITICORP SERVICES INDIA PRIVATE LIMITED
AFLAXIS FINANCE LIMITED₹4,100.64 cr₹652.47 cr15.9%+30%
Fino Payments BankFINO PAYMENTS BANK LIMITED₹1,847.10 cr₹92.53 cr5.0%+25%
SBI-SGSBI-SG GLOBAL SECURITIES SERVICES PRIVATE LIMITED
ICICI BankICICI BANK LIMITED₹0.00 lakh₹0.00 lakh100.0%—
IDFC First BankIDFC FIRST BANK LIMITED₹0.00 lakh₹0.00 lakh100.0%—
Some figures are available to Radar members.Log in to Radar to see every figure

Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

Industry landscape report

AdTech Industry Landscape of Mumbai

The financials above are one chapter. The full banks landscape of Mumbai maps the whole industry — every segment, the capital behind it, the talent market and where the next opportunities are.

  • Market map of every sub-sector
  • Funding & company formation by year
  • Revenue, profit & financial strength
  • Digital footprint: traffic, apps, releases
  • Hiring, skills & pay
  • Founders & leaders
  • News & sentiment
  • Where demand runs ahead of supply
Read the banks landscape of Mumbai
For investors and data teams

Put this intelligence into your own tools

The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.

Capital & corporate activity

Banks funding and M&A across India

86 recorded equity rounds have gone to 586 banks companies in India — how much, at which stage, into which sub-sectors, from whom, and how Mumbai compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months1

US$3.77m

equity rounds, last 24 months2

US$15.41m

raised over five yearsUS$520.04m

16 rounds in India

M&A deals, India160

last 24 months

Capital by year

Equity funding into banks in India

amount rounds
$150m20183
$179m20195
$51m20203
$297m20214
$106m20226
$68m20231
$33m20243
$12m20251
$3.8m20261

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2021, with US$297.19m across 4 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

Series AUS$76.11m4 rounds · median US$17.46m
Series BUS$271.57m7 rounds · median US$11.52m
Series CUS$50.00m1 rounds · median US$50.00m
Series D+US$122.36m4 rounds · median US$20.22m
Where the money went · five years

Most-funded sub-sectors

BanksUS$520.04m16 rounds · 6 companies
Corporate activity · last 24 months

M&A in India

135Acquisition
20Merger
2Completed

Most active acquirers

  1. Barclays10
  2. Federal bank9
  3. Saraswat co-operative bank9
  4. Icici bank8
  5. Sumitomo mitsui banking corporation8

Most acquired or merged

  1. Yes bank18
  2. Rbl bank11
  3. Jana small finance bank6
  4. State bank of india6
  5. Bank of baroda5

Each deal appears in the events strip at the top of the page.

Go deeper in the banks landscape reports:

AdTech Industry Landscape of Mumbai Auto Industry Landscape of Mumbai Auto Tech Industry Landscape of Mumbai

Founders and momentum in Mumbai

Meet the people behind banks companies in Mumbai. 34 of 63 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Keep exploring banks in India and nearby markets.

Coming soon