The victims included three women - Apoorva Prabhu, 35, Ranjana Tambe, 40, and Bhakti Shinde, 40.
Two of the deceased were employees of GT Hospital, where 10 casualties are receiving treatment, while others have been shifted to St George Hospital. Commuters have been advised to take the alternate routes to their destinations. "Senior officers are on spot", Mumbai police said.
Congress chief spokesperson Randeep Surjewala said he was deeply saddened to learn about the Mumbai bridge collapse where several people are still reportedly trapped under the debris.
It is also referred to as the "Kasab bridge" as the 26/11 Mumbai attack terrorist passed through it.
The bridge near VT Station, just a stone throw away from Anjuman e Islam Campus, collapsed at the time when a large number of people reach the railway station to catch trains back home after day's work.
The tragedy comes eight months after another bridge collapsed in suburban Andheri, in which five persons were killed.
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A team of the National Disaster Response Force has rushed to the accident site.
The Opposition party said the BJP governments were "criminally culpable" of inaction and demanded the resignation of Union Railway Minister Piyush Goyal.
Local Shiv Sena corporator Sujata Sanap said she had alerted officials about the structure, but they did not act in time. However, the Railway doctors and officials have been cooperating with BMC in relief and rescue operations.
Today, a foot overbridge in CST collapsed in Mumbai taking the toll of 5 lives till now.
"A slab of the bridge had collapsed. Railway traffic is not affected", Central Railway PRO AK Jain said, in a statement.
On Thursday, the news agency ANI quoted the Ministry of Railways as saying the Brihanmumbai Municipal Corporation was responsible for the foot overbridge at CST. The bridge was constructed in 1984, about 35 years ago. Some minor damage was detected which was yet to be repaired, he told reporters.