 Many banks have a strong presence in Gadhinglaj city and the Gadhinglaj Taluka due to its large-scale trading business and its textile and agricultural industries.Gadhinglaj has major banks including ICICI Bank, Bank of Maharashtra, State Bank of India, Union Bank of India, Bank of Baroda, Bank of India, Federal Bank, Axis Bank, H D F C bank, Indian Overseas Bank, I D B I bank, as well as some local banks.The Maharashtra Industrial Development Corporation Industrial Area is situated south of Kolhapur and Kolhapur Airport.