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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 133.07 96.34% 1.84% 1.08% 0.74%
2 HDFC Bank 50.20 96.76% 1.79% 1.45% 0.00%
3 Bank of Baroda 38.55 98.11% 1.70% 0.07% 0.12%
4 Punjab national Bank 36.25 97.78% 2.19% 0.01% 0.03%
5 Union Bank of India 35.71 95.71% 2.26% 1.13% 0.90%
6 Kotak Mahindra Bank 29.83 97.74% 1.97% 0.12% 0.17%
7 Canara Bank 26.43 97.99% 1.81% 0.13% 0.07%
8 ICICI Bank 22.27 95.93% 4.01% 0.03% 0.02%
9 Bank Of India 20.53 97.14% 2.58% 0.16% 0.12%
10 Indian Bank 19.04 98.22% 1.54% 0.04% 0.20%
11 Axis Bank 15.18 96.16% 2.93% 0.46% 0.45%
12 Airtel Payments Bank 14.64 97.14% 2.22% 0.57% 0.07%
13 Central Bank of India 14.21 97.38% 1.96% 0.17% 0.49%
14 Federal Bank 10.05 94.39% 5.30% 0.23% 0.07%
15 India Post Payments Bank Limited 9.48 93.11% 5.17% 0.98% 0.75%
16 Indusind Bank 9.41 97.26% 2.31% 0.21% 0.22%
17 Indian Overseas Bank 8.07 96.53% 2.38% 0.50% 0.59%
18 IDBI Bank 7.30 96.71% 3.09% 0.06% 0.13%
19 Bank of Maharashtra 6.37 97.67% 2.28% 0.02% 0.03%
20 Paytm Payments Bank 4.87 89.64% 9.97% 0.30% 0.08%
21 Fino Payments Bank 4.65 88.97% 10.51% 0.20% 0.32%
22 Karnataka Bank 4.64 97.28% 2.07% 0.17% 0.48%
23 Bandhan Bank limited 4.55 97.39% 1.85% 0.52% 0.25%
24 Yes Bank Ltd 4.44 88.07% 11.76% 0.15% 0.02%
25 IDFC BANK 4.37 95.50% 2.97% 1.46% 0.07%
26 Jammu and Kashmir Bank 4.10 96.57% 2.51% 0.79% 0.14%
27 Karur Vysya Bank 3.79 97.05% 2.26% 0.33% 0.37%
28 Baroda Uttar Pradesh Gramin Bank 3.01 94.28% 4.02% 0.94% 0.76%
29 The South Indian Bank 2.94 97.65% 2.29% 0.06% 0.01%
30 AU Small Finance Bank 2.86 97.20% 2.50% 0.20% 0.10%
31 Equitas Small Finance Bank 2.47 94.23% 5.24% 0.16% 0.37%
32 Punjab and Sind Bank 2.21 87.10% 0.37% 6.09% 6.44%
33 Tamilnaad Mercantile Bank 2.21 97.13% 1.84% 0.30% 0.73%
34 City Union Bank 2.09 94.26% 4.39% 1.15% 0.20%
35 Maharashtra Gramin Bank 1.83 95.89% 0.80% 1.76% 1.56%
36 RBL Bank Limited 1.67 95.49% 3.72% 0.22% 0.56%
37 Citibank 1.55 97.56% 2.02% 0.37% 0.04%
38 Ujjivan Small Finance Bank Limited 1.53 96.81% 3.08% 0.04% 0.07%
39 Development Bank of Singapore 1.42 88.98% 10.63% 0.22% 0.17%
40 Rajasthan Marudhara Gramin Bank 1.28 95.50% 2.07% 0.72% 1.71%
41 Saraswat Co-operative Bank 1.27 97.91% 1.82% 0.14% 0.12%
42 Madhya Bihar Gramin Bank 1.26 95.59% 3.15% 0.18% 1.08%
43 Pragathi Krishna Gramin Bank 1.11 98.36% 1.46% 0.10% 0.08%
44 Andhra Pradesh Grameena Vikas Bank 0.99 93.31% 1.08% 0.16% 5.45%
45 Sarva U.P. Gramin Bank 0.99 93.04% 6.52% 0.15% 0.29%
46 Kerala Gramin Bank 0.92 98.05% 1.85% 0.01% 0.09%
47 Jio Payments Bank Ltd 0.89 95.17% 3.82% 0.92% 0.09%
48 Sarva Haryana Gramin Bank 0.82 95.20% 4.43% 0.14% 0.23%
49 Standard Chartered Bank 0.75 96.66% 3.08% 0.05% 0.22%
50 ESAF Small Finance Bank 0.72 98.11% 1.58% 0.19% 0.12%
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.