On 14 March 2013 an online magazine named Cobrapost.com released video footage from Operation Red Spider showing high-ranking officials and some employees of HDFC bank and two other leading banks, willing to turn black money into white, a violation of Money Laundering Control Act.
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In the first decade of the 21st century, Latur has seen a spurt in financial activities, with almost all public sector and private banks have opened up branches including the State Bank of India, State Bank of Hyderabad, Axis Bank,Latur Urban Co-op Bank, Latur ICICI Bank, Bank of India, HDFC Bank, IDBI Bank, Bank of Maharashtra, Bank of Baroda, Oriental Bank of Commerce, Allahabad Bank uco bank etc.
ATM networks of several banks, which included the State Bank of India, the nation's largest national bank; ICICI Bank, HDFC Bank, and several foreign banks like Citibank and HSBC, stopped functioning from the afternoon of 26 July 2005 at all the centers of Mumbai.
The leading banks that have branches in Meera Bagh are State Bank Of India, ICICI Bank, HDFC Bank, Axis Bank, Uco Bank, Federal Bank and Centurion Bank of Punjab.
It also has branches of most major Indian banks including the State Bank of India, the State Bank of Travancore, Federal Bank, HDFC Bank, Axis Bank, ICICI Bank, and the Catholic Syrian Bank,Corporation Bank Zonal Office, and has a major telephone exchange.