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IMPS Bank Performance

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IMPS Top 50 Banks Performance
Sr. No. IMPS Beneficiary Banks Total Volume (Mn) Approved % BD % TD% Deemed Approved %
1 State Bank of India 100.11 97.64% 1.78% 0.50% 0.08%
2 HDFC Bank 38.01 96.91% 3.04% 0.04% 0.00%
3 BANK OF BARODA 27.69 96.54% 2.64% 0.59% 0.23%
4 Punjab national Bank 26.36 96.82% 3.08% 0.06% 0.05%
5 Union Bank of India 25.50 96.75% 2.92% 0.22% 0.11%
6 Kotak Mahindra Bank 22.50 97.72% 1.92% 0.23% 0.14%
7 Canara Bank 19.29 96.57% 2.75% 0.52% 0.15%
8 ICICI Bank 18.53 95.65% 4.32% 0.02% 0.01%
9 Axis Bank 14.25 97.10% 2.87% 0.01% 0.01%
10 Bank Of India 14.11 95.73% 3.79% 0.32% 0.16%
11 Indian Bank 13.96 97.81% 2.10% 0.03% 0.06%
12 Central Bank of India 13.22 96.44% 2.22% 0.98% 0.36%
13 Airtel Payments Bank 12.54 96.50% 2.81% 0.65% 0.04%
14 Indusind Bank 9.04 92.83% 3.89% 3.20% 0.08%
15 Federal Bank 8.25 93.40% 6.52% 0.04% 0.04%
16 India Post Payments Bank Limited 7.19 92.70% 6.81% 0.05% 0.44%
17 Indian Overseas Bank 6.08 94.14% 3.90% 1.44% 0.52%
18 IDBI Bank 5.11 95.34% 4.35% 0.17% 0.13%
19 Bandhan Bank limited 4.88 96.79% 2.68% 0.30% 0.22%
20 Karnataka Bank 4.81 96.07% 2.45% 0.83% 0.65%
21 Fino Payments Bank 4.65 86.01% 13.78% 0.04% 0.17%
22 Bank of Maharashtra 4.63 94.42% 5.30% 0.25% 0.04%
23 Maharashtra Gramin Bank 4.59 33.09% 0.30% 65.54% 1.07%
24 Jammu and Kashmir Bank 3.93 96.92% 2.49% 0.47% 0.12%
25 IDFC BANK 3.85 94.94% 3.32% 1.61% 0.12%
26 Yes Bank Ltd 3.83 88.52% 11.12% 0.04% 0.32%
27 Karur Vysya Bank 3.60 96.49% 3.32% 0.07% 0.11%
28 UCO Bank 3.27 95.35% 3.86% 0.03% 0.76%
29 The South Indian Bank 2.80 97.14% 2.81% 0.02% 0.02%
30 AU Small Finance Bank 2.23 94.55% 4.51% 0.88% 0.07%
31 Rajasthan Marudhara Gramin Bank 2.18 45.89% 1.08% 51.30% 1.73%
32 Baroda Uttar Pradesh Gramin Bank 2.16 94.82% 4.42% 0.61% 0.14%
33 Tamilnaad Mercantile Bank 2.10 97.03% 1.91% 0.60% 0.47%
34 Punjab and Sind Bank 2.07 95.58% 1.31% 1.38% 1.73%
35 City Union Bank 2.01 91.86% 5.99% 1.67% 0.48%
36 Equitas Small Finance Bank 1.84 87.33% 5.64% 5.84% 1.19%
37 Andhra Pradesh Grameena Vikas Bank 1.63 44.82% 0.67% 50.92% 3.58%
38 Development Bank of Singapore 1.56 75.47% 24.46% 0.04% 0.02%
39 Ujjivan Small Finance Bank Limited 1.46 95.01% 4.87% 0.06% 0.06%
40 Vananchal Gramin Bank 1.27 29.06% 0.40% 67.51% 3.04%
41 Karnatak vikas Gramin Bank 1.24 39.94% 0.70% 56.95% 2.40%
42 Jio Payments Bank Ltd - IMPS 1.19 92.08% 5.67% 2.16% 0.10%
43 Saraswat Co-operative Bank 1.17 96.81% 3.13% 0.03% 0.03%
44 Madhya Bihar Gramin Bank 1.16 86.53% 8.62% 2.71% 2.13%
45 RBL Bank Limited 1.08 94.10% 5.65% 0.03% 0.21%
46 Karnataka Gramin Bank 0.98 96.98% 2.27% 0.29% 0.45%
47 Standard Chartered Bank 0.99 96.71% 3.23% 0.04% 0.02%
48 Kerala Gramin Bank -IMPS 0.95 96.83% 2.55% 0.35% 0.27%
49 Prathama U.P Gramin Bank 0.89 89.53% 8.37% 1.54% 0.55%
50 Chhattisgarh Rajya Gramin Bank 0.83 49.27% 1.12% 47.43% 2.18%
Glossary -
  • Business Decline (BD) - Transaction decline due to a customer entering, incorrect beneficiary account etc. Or due to other business reasons such as exceeding per transaction limit, exceeding permitted count of transactions per day, exceeding amount limit for the day etc. Such declined transactions are termed as Business Decline. Any decline which is not because of a technical reason of the bank or NPCI is termed as business Decline.
  • Technical Decline (TD) - Transaction decline due to technical reasons, such as unavailability of systems and network issues on bank or NPCI side.
  • Deemed Approved (Pending Credit Confirmation for IMPS transactions) - Deemed Approved percentage indicates the total percentage of cases of the total transactions, where credit confirmations are not received online from the beneficiary banks for the credit. If the beneficiary account is not credited online, transaction would be manually processed by the beneficiary bank as per the extant RBI guidelines.
  • Beneficiary - The account holder who is receiving money.