NPCI recognises exceptional performance in National Payments Excellence Awards

NPCI presented the National Payments Excellence Awards 2017, the highest recognition in the industry to acknowledge exceptional performance of its members in payments system. Mr. B. P. Kanungo, Deputy Governor, Reserve Bank of India (RBI) graced the occasion as Chief Guest and presented the awards.

The prestigious awards represent exceptional performance of NPCI members which include commercial Banks, co-operative banks, Regional Rural Banks, White Label ATM Operators (WLAOs), Prepaid Payment Instrument Issuers (PPIs), NBFCs, Merchants, etc. In the past eight years, NPCI has taken the lead in the payments industry by offering robust infrastructure and products like UPI, BHIM app, RuPay Card, Immediate Payment Service (IMPS), Aadhaar Enabled Payment System (AePS), Cheque Truncation System (CTS), National Automated Clearing House (NACH) and National Financial Switch (NFS).

The Winners in the Product wise category were:

RuPay – For Category ‘A’ Banks, the Winner and Runner Up, respectively are, HDFC Bank and Union Bank of India. The Winner is Corporation Bank for category B banks and for Category C Banks, City Union Bank and South Indian Bank are joint Winners.

Instant Payment Products (UPI+IMPS+USSD+BHIM) – For Category A Banks, the Winner and Runner Up, respectively are, ICICI Bank and Axis Bank. The Winner is YES Bank for category B Banks and for category C Banks, IDFC Bank is the Winner. Spice Digital is the Winner among Prepaid Payment Instruments category.

NFS – For Category A Banks, the Winner and Runner Up, respectively are, Axis Bank and ICICI Bank. The Winner is IndusInd Bank for category B Banks and for category C Banks, Federal Bank is the Winner. BTI Payments Pvt Ltd is the Winner among White Label ATM Operators category.

NACH – For Category A Banks, the Winner and Runner Up, respectively are, SBI and HDFC Bank. The Winner is Indian Bank for category B Banks and for category C Banks, Standard Chartered Bank is the Winner.

CTS – For Category A Banks, the Winner and Runner Up, respectively are, HDFC Bank and ICICI Bank. The Winner is Kotak Mahindra Bank for category B Banks and for category C Banks, Karur Vysya Bank is the Winner.

AePS – For Category A Banks, the Winner and Runner Up, respectively are, SBI and Bank of India. The Winner is Andhra Bank for category B Banks and for category C Banks, IDFC Bank is the Winner. Paytm is the Winner among Non-Banking Entity category.

Awards were also given to Payments Banks, Small Finance Banks, RRBs and Special Jury Awards. The recipients were:


Fino Payments Bank, Equitas Small Finance Bank, Baroda Uttar Pradesh Grameena Bank, Kerala Gramin Bank, Prathama Bank, Tripura Gramin Bank, Abhyudaya Co-op Bank, Allahabad Bank, Axis Bank, Bandhan Bank, Bank of Baroda, Canara Bank, Central Bank of India, Dena Bank, IDBI Bank, Indian Overseas Bank, Kalupur Commercial Co-op Bank, Pragathi Krishna Gramin Bank, Punjab & Maharashtra Co-op Bank, Punjab National Bank, RBL Bank, Shamrao Vithal Co-op Bank, Syndicate Bank, Thane Janata Sahakari Bank, UCO Bank, United Bank of India, Vijaya Bank and GI Technology Pvt Ltd.