Bombay/Mumbai is the commercial hub of India, with the city being better known as financial capital of India. Mumbai has Bombay Stock Exchange, Asia's oldest stock exchange that is widely known as BSE. With its India wide expanse BSE reaches out to as many as 417 cities and towns. The Bombay Stock Exchange provides an efficient and credible market for trading in equity, debt instruments and derivatives.
Mumbai/Bombay also is home to National Stock Exchange of India or NSE.
Established in 1993 in Mumbai, NSE is also India's first debt market.
NSE is world's third largest stock exchange in term of transactions.
Mumbai also headquarters to the Reserve Bank of India or RBI that is
India's central bank. With its plethora of commercial and industrial
activities, Mumbai has been the biggest contributor to the Indian