The richest municipal corporation in the country may be struggling to keep its sources of income intact, but its deposits in the bank continue to skyrocket. Brihanmumbai Municipal Corporation's (BMC) Fixed Deposits (FD) reached Rs 78,668 crore in December 2019.

However, thanks to poor spending, the city continues to have weak infrastructure even with such high reserves. A huge population in a small area, high property rates, heavy income from taxes and little expenditure on projects make BMC the richest corporation in Asia and richer than many states in the country.