Dhanlaxmi Bank (zonal office and Corporate centre), South Indian Bank, Catholic Syrian Bank, Canara Bank, Bank of Baroda, Punjab National Bank, State Bank of India, Federal Bank, HDFC Bank, and State Bank of Hyderabad has got branches at Punkunnam. The bottle neck at poonkunam was over by demolishing the old buildings at the junction with co operation of owners and Thrissur corporation pave a way to developing the place which enhances the connectivity to Puzhakkal padam, the proposed site for mobility hub. Poonkunnam railway station in the coming year will develop as a second station to control the load of passengers at Thrissur main station, many people who are working at Eranakulam catch their train from poonkunnam.