 Palarivattom also houses branches of all major Indian banks including the State Bank of India, the Federal Bank, HDFC Bank, Axis Bank, ICICI Bank, and the Catholic Syrian Bank, Corporation Bank Zonal Office, and has a major telephone exchange of BSNL.The first Malayalam news channel, Indiavision, broadcasts its news bulletins from Palarivattom.Palarivattom station of the Kochi Metro phase I line is located in the outskirts of the area, along the Kaloor - Edappally Road next to the Renai Hotel.