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IMPS Bank Performance

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IMPS Top 30 Beneficiary Banks Performance (March'21)
Sr. No. IMPS Beneficiary Banks Total Volume (Mn) Approved % BD % TD% Deemed Approved %
1 State Bank of India 85.75 95.50% 2.49% 1.58% 0.43%
2 HDFC Bank 33.74 93.14% 2.36% 4.43% 0.07%
3 BANK OF BARODA 26.10 94.38% 4.91% 0.48% 0.23%
4 Punjab national Bank 22.80 93.65% 5.93% 0.37% 0.05%
5 ICICI Bank 20.59 95.04% 4.72% 0.23% 0.02%
6 Canara Bank 18.78 94.46% 4.56% 0.74% 0.24%
7 Union Bank of India 17.42 92.91% 2.97% 3.64% 0.48%
8 Bank Of India 15.10 93.61% 4.41% 1.53% 0.45%
9 Indian Bank 13.91 85.24% 2.79% 10.92% 1.04%
10 Paytm Payments Bank 13.85 70.12% 29.81% 0.06% 0.02%
11 Axis Bank 13.17 96.08% 3.62% 0.24% 0.06%
12 Kotak Mahindra Bank 12.68 91.96% 6.10% 1.68% 0.26%
13 Central Bank of India 10.35 93.13% 4.72% 1.47% 0.68%
14 IDBI Bank 6.23 92.48% 7.02% 0.47% 0.03%
15 Indian Overseas Bank 5.57 94.15% 5.47% 0.17% 0.20%
16 Andhra bank 5.46 89.67% 6.02% 3.87% 0.45%
17 Bank of Maharashtra 5.40 90.49% 7.37% 1.94% 0.20%
18 UCO Bank 4.85 93.69% 3.23% 2.03% 1.04%
19 Federal Bank 4.08 97.95% 1.84% 0.09% 0.11%
20 Indusind Bank 3.90 93.21% 2.66% 3.25% 0.89%
21 Karnataka Bank 3.43 93.90% 2.70% 2.74% 0.65%
22 Karur Vysya Bank 3.14 95.92% 3.39% 0.62% 0.07%
23 Yes Bank Ltd 3.00 87.19% 12.14% 0.61% 0.07%
24 Airtel Payments Bank 2.55 76.76% 22.09% 1.04% 0.11%
25 IDFC BANK 2.03 94.67% 4.50% 0.79% 0.04%
26 Bandhan Bank limited 1.97 94.71% 4.11% 0.56% 0.62%
27 RBL Bank Limited 1.88 90.81% 8.95% 0.19% 0.06%
28 The South Indian Bank 1.82 95.88% 4.07% 0.04% 0.01%
29 Citibank 1.79 92.91% 6.74% 0.31% 0.03%
30 City Union Bank 1.43 96.29% 1.96% 1.72% 0.03%


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.