Banking and Finance Sector Jobs in Mumbai


Mumbai, the capital city of Maharashtra, is one of the most vibrant cities in India. It offers a wide variety of careers in Banking and Finance Sector. As a large metropolitan city, Mumbai has a thriving economy and business sector and hence, a healthy demand for professionals in the banking and finance sector. The banking and finance sector in Mumbai consists of mostly private and public sector banks, and financial institutions. If you think you have what it takes to be a professional in the field of banking and finance, then your best bet is to start your career in this city. Most of the banking and finance companies are situated in the South Mumbai and Mahim area. Some of the top companies in the banking and finance sector in Mumbai are ICICI Bank, State Bank of India, Bank of Baroda, Bank of India, Union Bank of India, etc.

Banking and Finance explores the dynamic, fast-paced world of money, shares, credit and investments.  Finance is an essential part of our economy as it provides the liquidity in terms of money or assets required for individuals and businesses to invest for the future.

Financial intermediaries such as banks are key players in these financial markets. Banking is also a global industry with over 60 banks operating across Australia and thousands of institutions and investment houses across the world dealing with money circulation, credit, investments, financing, superannuation and more. Finance is continuously changing which makes this subject a fascinating area to study.

Types of finance

Finance is the management of funds or money and involves activities such as budgeting, borrowing, forecasting, investing, lending and saving. In other words, finance is the study of managing funds and the process of acquiring the required funds.

There are mainly two types of finance are available:

1. Debt Finance:

 Banks, building societies and other financial institutions provide the debt finance businesses need, and charge interest for doing so. Debt finance is also known as “borrowing” or “loans”

2. Equity Finance:

Equity Finance is one of the most popular sources of finance. It is a type of finance where the business owner receives funds in return for a stake in the equity of the business. Equity finance can be obtained from a number of different sources.

  • The main sources are as follows:
    • angel investors
    • venture capitalist
    •  private equity investors

Angel investors and venture capitalists are considered institutional investors. These investors typically have a high net worth. They often invest in businesses in which they have some familiarity.

Venture capitalists invest in businesses with a high growth potential and a high likelihood of success. Angel investors typically invest in businesses in which they have some familiarity.

They tend to be more interested in smaller businesses. Private equity investors invest in a wide range of businesses including: small businesses, medium businesses, large businesses as well as distressed businesses.

There are others four types of finance are available:

1. Public Finance:

Public finance, also known as government finance, is the field concerned with the fiscal policies of governments. These policies cover the raising of revenue (taxation), the expenditure of revenues (spending of money), and the issue of public debt.

It attempts to answer questions such as: Should the government borrow money or print money to finance its activities? What are the dangers of a government that prints money to finance itself? This blog is about public finance, accounting, taxation, budgeting, and banking jobs and careers.

2. Personal Finance

personal finance is knowing how to budget, balance a check book, obtain funds for major purchases, save for retirement, plan for taxes, purchase insurance and make investments.

There is main five concepts name below:

  • Saving
  • Investing
  • Financial Protection
  • Tax Saving
  • Retirement Planning

3. Corporate Finance

Corporate finance is a broad term that encompasses the variety of activities and instruments employed by corporations to raise funds, manage risk, and allocate capital. Learn more about corporate finance here.

Corporate finance is often concerned with maximizing shareholder value through long- and short-term financial planning and the implementation of various strategies. Corporate finance activities range from capital investment to tax considerations.

4. Private Finance

A private finance initiative is a way for the public sector to finance big public works projects through the private sector. Private finance is the study of income and expenditure, borrowings, etc. of individuals, households and business firms.


The city of Mumbai is the financial hub of India, and is home to some of the most prominent international banks. The banking and finance sector in Mumbai is a huge employer and is projected to grow, especially in the mortgage, insurance and asset management sectors. The financial sector in Mumbai is also the largest employer in the organized sector and is a major contributor to the GDP of the city. The financial sectors in Mumbai are also considered to be one of the best sectors in the country.