Product Statistics

IPO Banks Performance (Aug'25)

UPI IPO Remitter - Mandate Creation (Aug'25)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank of India	53,91,863	96.23%	3.76%	0.01%
2	HDFC BANK LTD	29,34,266	96.46%	1.24%	2.30%
3	Bank of Baroda	19,14,263	94.77%	5.16%	0.07%
4	Axis Bank Ltd.	12,07,700	97.05%	2.90%	0.05%
5	ICICI Bank Ltd.	11,98,415	95.87%	3.84%	0.29%
6	Punjab National Bank	9,99,964	96.55%	3.37%	0.08%
7	Union Bank of India	7,87,681	96.83%	3.15%	0.02%
8	Bank Of India	7,55,988	96.39%	3.59%	0.02%
9	Kotak Mahindra Bank	7,19,574	95.81%	4.17%	0.02%
10	Canara Bank	5,05,578	96.48%	3.51%	0.01%
11	Central Bank of India	3,23,920	95.43%	4.53%	0.04%
12	IDBI Bank Ltd.	2,71,059	98.84%	1.14%	0.02%
13	Indian Bank	2,34,878	96.06%	3.93%	0.01%
14	IDFC Bank Ltd.	1,97,298	95.90%	4.07%	0.02%
15	Indusind Bank Ltd.	1,88,292	96.56%	3.39%	0.05%
16	UCO Bank	1,81,504	91.74%	8.25%	0.02%
17	Yes Bank Ltd.	1,58,130	91.06%	8.92%	0.02%
18	Bank of Maharashtra	1,38,051	96.58%	3.40%	0.02%
19	AU Small Finance Bank	1,27,071	96.08%	3.91%	0.02%
20	Indian Overseas Bank	1,03,167	98.82%	1.17%	0.01%
21	Mehsana Urban Co-operative Bank	99,375	97.08%	2.91%	0.00%
22	Federal Bank Ltd.	77,503	94.47%	5.51%	0.02%
23	RAJKOT NAGARIK SAHAKARI BANK LTD	76,045	97.30%	2.67%	0.04%
24	Bandhan Bank limited	66,600	90.08%	9.91%	0.01%
25	Karnataka Bank	46,927	95.87%	4.11%	0.02%
26	Saraswat Co-operative Bank	41,936	96.46%	3.52%	0.02%
27	The Kalupur Commercial Co-Op Bank Ltd	34,452	95.75%	3.03%	1.22%
28	Punjab and Sind Bank	31,460	95.89%	3.94%	0.17%
29	Standard Chartered Bank	28,962	96.89%	3.09%	0.02%
30	Karur Vysya Bank	25,588	93.05%	6.94%	0.01%
31	EQUITAS SMALL FINANCE BANK	23,750	93.93%	5.68%	0.39%
32	The South Indian Bank Limited	22,899	94.58%	5.40%	0.02%
33	DCB Bank Ltd	21,503	96.92%	3.06%	0.02%
34	Tamilnad Mercantile Bank Limited	19,144	96.56%	3.42%	0.02%
35	RBL Bank Ltd.	17,411	91.93%	7.90%	0.17%
36	City Union Bank	16,078	94.13%	5.85%	0.02%
37	DBS Bank India Limited	14,462	99.09%	0.91%	0.01%
38	HSBC Bank	14,359	95.35%	1.11%	3.54%
39	UTKARSH SMALL FINANCE BANK LIMITED	11,797	95.01%	2.69%	2.31%
40	THE SHAMRAO VITHAL COOPERATIVE BANK LTD	10,433	97.14%	2.75%	0.11%
41	The Jammu & Kashmir Bank Limited	9,175	98.07%	1.89%	0.04%
42	TJSB SAHAKARI BANK LIMITED	8,625	92.24%	7.73%	0.02%
43	The Ahmedabad Mercantile Cooperative Bank Ltd	7,060	98.94%	1.03%	0.03%
44	THE SURAT PEOPLES COOP BANK LTD	5,592	48.25%	51.75%	0.00%
45	Nutan Nagarik Sahakari Bank Ltd.	3,342	96.62%	3.14%	0.24%
46	Janata Sahakari Bank	3,070	94.50%	5.47%	0.03%
47	Dhanalakshmi Bank	2,844	93.42%	6.50%	0.07%
48	JANA SMALL FINANCE BANK LTD	1,964	77.75%	22.25%	0.00%
49	G P Parsik Sahakari Bank Ltd	1,421	91.91%	8.09%	0.00%
50	CSB Bank Limited	1,276	95.06%	4.94%	0.00%
51	Deutsche Bank Ltd.	355	91.27%	0.28%	8.45%

Note:

Cases which are expired (after the specified time limit) have been excluded.

Remarks

Mandate Creation means a transaction where the customer has created a successful block of amount in the bank account for an IPO application.

UPI IPO Remitter - Mandate Execution (Aug'25)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank of India	6,19,487	100.00%	0.00%	0.00%
2	HDFC Bank	3,55,660	99.99%	0.01%	0.00%
3	Bank of Baroda	1,80,326	100.00%	0.00%	0.00%
4	ICICI Bank Ltd.	1,79,161	100.00%	0.00%	0.00%
5	Axis Bank Ltd.	1,45,172	100.00%	0.00%	0.00%
6	Punjab National Bank	1,17,743	100.00%	0.00%	0.00%
7	Union Bank of India	92,222	100.00%	0.00%	0.00%
8	Kotak Mahindra Bank	90,395	100.00%	0.00%	0.00%
9	Bank Of India	85,276	100.00%	0.00%	0.00%
10	Canara Bank	57,759	100.00%	0.00%	0.00%
11	Central Bank of India	35,554	100.00%	0.00%	0.00%
12	IDBI Bank Ltd.	33,221	100.00%	0.00%	0.00%
13	Indian Bank	28,952	100.00%	0.00%	0.00%
14	Indusind Bank Ltd.	22,064	100.00%	0.00%	0.00%
15	IDFC Bank Ltd.	19,920	100.00%	0.00%	0.00%
16	UCO Bank	19,825	100.00%	0.00%	0.00%
17	Yes Bank Ltd.	17,506	100.00%	0.00%	0.00%
18	Bank of Maharashtra	17,079	100.00%	0.00%	0.00%
19	Indian Overseas Bank	11,955	99.79%	0.21%	0.00%
20	AU Small Finance Bank	11,939	100.00%	0.00%	0.00%
21	Mehsana Urban Co-operative Bank	9,891	99.01%	0.99%	0.00%
22	Federal Bank Ltd.	9,735	100.00%	0.00%	0.00%
23	Bandhan Bank limited	7,349	100.00%	0.00%	0.00%
24	RAJKOT NAGARIK SAHAKARI BANK LTD	7,344	100.00%	0.00%	0.00%
25	Karnataka Bank	6,142	100.00%	0.00%	0.00%
26	Saraswat Co-operative Bank	5,248	100.00%	0.00%	0.00%
27	Standard Chartered Bank	3,956	100.00%	0.00%	0.00%
28	Punjab and Sind Bank	3,525	99.40%	0.60%	0.00%
29	The Kalupur Commercial Co-Op Bank Ltd	3,511	100.00%	0.00%	0.00%
30	Karur Vysya Bank	3,501	100.00%	0.00%	0.00%
31	The South Indian Bank Limited	3,168	100.00%	0.00%	0.00%
32	DCB Bank Ltd	2,563	100.00%	0.00%	0.00%
33	DBS Bank India Limited	2,556	100.00%	0.00%	0.00%
34	Tamilnad Mercantile Bank Limited	2,361	99.83%	0.17%	0.00%
35	EQUITAS SMALL FINANCE BANK	2,307	100.00%	0.00%	0.00%
36	City Union Bank	2,125	100.00%	0.00%	0.00%
37	RBL Bank Ltd.	1,941	100.00%	0.00%	0.00%
38	HSBC Bank	1,900	99.53%	0.47%	0.00%
39	THE SHAMRAO VITHAL COOPERATIVE BANK LTD	1,441	100.00%	0.00%	0.00%
40	UTKARSH SMALL FINANCE BANK LIMITED	1,214	100.00%	0.00%	0.00%
41	The Jammu & Kashmir Bank Limited	1,209	100.00%	0.00%	0.00%
42	TJSB SAHAKARI BANK LIMITED	1,100	100.00%	0.00%	0.00%
43	The Ahmedabad Mercantile Cooperative Bank Ltd	752	100.00%	0.00%	0.00%
44	Janata Sahakari Bank	468	100.00%	0.00%	0.00%
45	Dhanalakshmi Bank	368	100.00%	0.00%	0.00%
46	Nutan Nagarik Sahakari Bank Ltd.	344	100.00%	0.00%	0.00%
47	CSB Bank Limited	199	100.00%	0.00%	0.00%
48	THE SURAT PEOPLES COOP BANK LTD	179	100.00%	0.00%	0.00%
49	G P Parsik Sahakari Bank Ltd	163	100.00%	0.00%	0.00%
50	JANA SMALL FINANCE BANK LTD	154	100.00%	0.00%	0.00%
51	Deutsche Bank Ltd.	67	100.00%	0.00%	0.00%

Note:

Mandate execution relate only to IPO applications for which the shares have been allotted.
Business Declines (BD) and Technical Declines (TD) are at the time of online transactions and such declines are manually processed within 24 hrs to 48 hrs.

Remarks

Mandate Execution means transaction where the customer has applied for an IPO and has been allotted shares for which the funds are debited from the applicant’s account.

IPO Banks Performance (Jul'25)

UPI IPO Remitter - Mandate Creation (Jul'25)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	45,11,397	95.13%	4.84%	0.03%
2	HDFC BANK LTD	25,44,640	95.82%	1.49%	2.69%
3	Bank of Baroda	16,80,354	93.39%	6.56%	0.05%
4	Axis Bank Ltd.	10,44,740	96.36%	3.44%	0.20%
5	ICICI Bank	10,25,978	95.22%	4.75%	0.02%
6	Punjab National Bank	8,38,617	95.73%	3.70%	0.58%
7	Union Bank of India	6,71,757	96.40%	3.57%	0.03%
8	Bank of India	6,70,526	96.44%	3.52%	0.04%
9	Kotak Mahindra Bank	6,10,593	95.18%	4.80%	0.01%
10	Canara Bank	4,30,113	96.04%	3.93%	0.02%
11	Central Bank Of India	2,77,302	94.02%	5.94%	0.05%
12	IDBI Bank Limited	2,37,312	98.74%	1.22%	0.04%
13	Indian Bank	1,97,348	95.12%	4.80%	0.07%
14	IDFC FIRST Bank	1,71,598	95.33%	4.64%	0.03%
15	INDUSIND BANK	1,61,923	96.05%	3.87%	0.08%
16	UCO Bank	1,52,304	89.15%	10.83%	0.02%
17	Yes Bank Ltd	1,39,500	90.91%	9.06%	0.03%
18	Bank of Maharashtra	1,17,400	95.84%	4.14%	0.02%
19	AU small Finance Bank	1,07,386	95.58%	4.40%	0.03%
20	Indian Overseas Bank	97,150	95.63%	4.35%	0.02%
21	The Mehsana Urban Co-Operative Bank Ltd.	87,109	96.85%	3.07%	0.07%
22	Rajkot Nagrik Sahakari Bank Ltd.	66,962	96.80%	3.10%	0.09%
23	Federal Bank	66,438	93.72%	6.27%	0.02%
24	Bandhan Bank	55,853	93.12%	6.86%	0.02%
25	Karnataka Bank	40,850	94.76%	5.21%	0.03%
26	Saraswat Bank	39,922	88.81%	11.11%	0.08%
27	The Kalupur Commercial Co-operative Bank Ltd	31,070	96.26%	3.34%	0.41%
28	Standard Chartered	26,577	96.69%	3.28%	0.02%
29	Punjab and Sind Bank	25,805	96.05%	3.92%	0.03%
30	Equitas Small Finance Bank	22,653	81.97%	5.84%	12.18%
31	Karur Vysya Bank	22,343	91.82%	8.16%	0.02%
32	South Indian Bank	21,465	94.31%	5.67%	0.01%
33	DCB Bank Ltd	18,848	96.66%	3.30%	0.04%
34	Tamilnad Mercantile Bank	16,256	95.76%	4.21%	0.03%
35	RBL Ltd	15,027	90.51%	9.25%	0.24%
36	City Union Bank	14,140	93.91%	6.07%	0.01%
37	DBS Bank India Limited	12,481	98.97%	1.01%	0.02%
38	HSBC	12,335	96.34%	1.14%	2.51%
39	Utkarsh Small Finance Bank Ltd	9,966	94.24%	2.76%	3.00%
40	Svc co-operative bank ltd	9,444	96.20%	3.60%	0.20%
41	TJSB Sahakari Bank Ltd	7,410	93.97%	6.03%	0.00%
42	Jammu and Kashmir Bank	7,394	98.43%	1.54%	0.03%
43	The Ahmedabad Mercantile Co- op. Bank Ltd	6,438	98.74%	1.23%	0.03%
44	Surat People Cooperative Bank	4,982	35.45%	64.53%	0.02%
45	Nutan Nagrik Sahakari Bank	2,918	95.85%	3.87%	0.27%
46	Janata Sahakari Bank Ltd. Pune	2,817	94.36%	5.64%	0.00%
47	Dhanlaxmi Bank Ltd	2,486	92.16%	7.84%	0.00%
48	Jana Small Finance Bank	1,466	79.54%	20.46%	0.00%
49	GP PARSIK BANK	1,393	88.87%	11.06%	0.07%
50	CSB Bank Ltd	1,092	95.70%	4.30%	0.00%
51	Deutsche Bank	379	95.51%	0.00%	4.49%

Note:

Cases which are expired (after the specified time limit) have been excluded.

Remarks

Mandate Creation means a transaction where the customer has created a successful block of amount in the bank account for an IPO application.

UPI IPO Remitter - Mandate Execution (Jul'25)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	7,08,795	100.00%	0.00%	0.00%
2	HDFC BANK LTD	3,47,976	99.99%	0.01%	0.00%
3	Bank of Baroda	2,35,612	100.00%	0.00%	0.00%
4	ICICI Bank	2,17,357	100.00%	0.00%	0.00%
5	Axis Bank Ltd.	1,73,063	100.00%	0.00%	0.00%
6	Punjab National Bank	1,37,854	100.00%	0.00%	0.00%
7	Union Bank of India	1,11,001	100.00%	0.00%	0.00%
8	Bank of India	1,06,842	99.99%	0.01%	0.00%
9	Kotak Mahindra Bank	1,05,581	100.00%	0.00%	0.00%
10	Canara Bank	72,369	100.00%	0.00%	0.00%
11	Central Bank Of India	42,931	99.99%	0.01%	0.00%
12	IDBI Bank Limited	40,833	100.00%	0.00%	0.00%
13	Indian Bank	34,655	100.00%	0.00%	0.00%
14	INDUSIND BANK	27,331	100.00%	0.00%	0.00%
15	IDFC FIRST Bank	24,753	100.00%	0.00%	0.00%
16	UCO Bank	23,379	100.00%	0.00%	0.00%
17	Yes Bank Ltd	22,229	100.00%	0.00%	0.00%
18	Bank of Maharashtra	18,840	100.00%	0.00%	0.00%
19	Indian Overseas Bank	16,593	99.83%	0.17%	0.00%
20	AU small Finance Bank	14,371	100.00%	0.00%	0.00%
21	Federal Bank	12,086	100.00%	0.00%	0.00%
22	The Mehsana Urban Co-Operative Bank Ltd.	11,839	100.00%	0.00%	0.00%
23	Rajkot Nagrik Sahakari Bank Ltd.	10,616	100.00%	0.00%	0.00%
24	Bandhan Bank	9,180	100.00%	0.00%	0.00%
25	Karnataka Bank	7,238	100.00%	0.00%	0.00%
26	Saraswat Bank	6,608	100.00%	0.00%	0.00%
27	Standard Chartered	4,999	99.98%	0.02%	0.00%
28	South Indian Bank	4,601	100.00%	0.00%	0.00%
29	Karur Vysya Bank	4,568	99.93%	0.07%	0.00%
30	The Kalupur Commercial Co-operative Bank Ltd	4,507	100.00%	0.00%	0.00%
31	Punjab and Sind Bank	4,169	100.00%	0.00%	0.00%
32	DBS Bank India Limited	3,257	99.88%	0.12%	0.00%
33	DCB Bank Ltd	3,160	100.00%	0.00%	0.00%
34	Tamilnad Mercantile Bank	3,100	100.00%	0.00%	0.00%
35	City Union Bank	3,018	100.00%	0.00%	0.00%
36	Equitas Small Finance Bank	2,893	100.00%	0.00%	0.00%
37	RBL Ltd	2,312	100.00%	0.00%	0.00%
38	HSBC	2,234	99.91%	0.09%	0.00%
39	Svc co-operative bank ltd	1,735	100.00%	0.00%	0.00%
40	Utkarsh Small Finance Bank Ltd	1,586	100.00%	0.00%	0.00%
41	Surat People Cooperative Bank	1,556	100.00%	0.00%	0.00%
42	Jammu and Kashmir Bank	1,345	100.00%	0.00%	0.00%
43	TJSB Sahakari Bank Ltd	1,267	100.00%	0.00%	0.00%
44	The Ahmedabad Mercantile Co- op. Bank Ltd	1,069	100.00%	0.00%	0.00%
45	Janata Sahakari Bank Ltd. Pune	545	100.00%	0.00%	0.00%
46	Dhanlaxmi Bank Ltd	525	100.00%	0.00%	0.00%
47	Nutan Nagrik Sahakari Bank	453	100.00%	0.00%	0.00%
48	CSB Bank Ltd	271	100.00%	0.00%	0.00%
49	Jana Small Finance Bank	192	100.00%	0.00%	0.00%
50	GP PARSIK BANK	177	100.00%	0.00%	0.00%
51	Deutsche Bank	65	100.00%	0.00%	0.00%

Note:

Mandate execution relate only to IPO applications for which the shares have been allotted.
Business Declines (BD) and Technical Declines (TD) are at the time of online transactions and such declines are manually processed within 24 hrs to 48 hrs.

Remarks

Mandate Execution means transaction where the customer has applied for an IPO and has been allotted shares for which the funds are debited from the applicant’s account.

IPO Banks Performance (Jun'25)

UPI IPO Remitter - Mandate Creation (Jun'25)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	14,86,915	94.12%	5.82%	0.06%
2	Bank of Baroda	5,36,016	93.18%	6.74%	0.07%
3	HDFC BANK LTD	3,68,672	93.95%	2.67%	3.38%
4	Axis Bank Ltd.	3,59,890	96.12%	3.80%	0.08%
5	ICICI Bank	3,48,359	95.49%	4.44%	0.07%
6	Punjab National Bank	2,87,115	95.75%	4.19%	0.06%
7	Union Bank of India	2,23,846	95.98%	3.95%	0.06%
8	Bank of India	2,20,851	96.28%	3.66%	0.06%
9	Kotak Mahindra Bank	1,93,235	94.35%	5.60%	0.04%
10	Canara Bank	1,44,324	95.25%	4.69%	0.06%
11	Central Bank Of India	90,546	93.01%	6.92%	0.07%
12	IDBI Bank Limited	79,374	98.67%	1.25%	0.08%
13	IDFC FIRST Bank	68,765	94.59%	5.36%	0.05%
14	Indian Bank	66,300	94.59%	5.37%	0.05%
15	INDUSIND BANK	61,583	94.76%	4.61%	0.63%
16	Yes Bank Ltd	54,610	92.32%	7.63%	0.06%
17	UCO Bank	50,278	91.63%	8.30%	0.07%
18	AU small Finance Bank	44,236	95.14%	4.80%	0.06%
19	Bank of Maharashtra	35,263	95.34%	4.60%	0.05%
20	Indian Overseas Bank	32,636	94.74%	5.19%	0.07%
21	The Mehsana Urban Co-Operative Bank Ltd.	26,966	95.64%	4.21%	0.16%
22	Rajkot Nagrik Sahakari Bank Ltd.	26,120	96.90%	3.03%	0.07%
23	Federal Bank	22,894	92.86%	7.08%	0.06%
24	Bandhan Bank	21,042	92.59%	7.33%	0.08%
25	Karnataka Bank	14,241	92.95%	6.94%	0.11%
26	Saraswat Bank	12,577	95.09%	4.73%	0.17%
27	Standard Chartered	10,210	95.73%	4.22%	0.05%
28	Equitas Small Finance Bank	9,771	75.68%	6.97%	17.35%
29	The Kalupur Commercial Co-operative Bank Ltd	9,547	90.78%	5.22%	4.00%
30	Punjab and Sind Bank	8,782	94.57%	5.34%	0.09%
31	Karur Vysya Bank	8,601	89.43%	10.50%	0.07%
32	South Indian Bank	7,343	93.49%	6.51%	0.00%
33	DCB Bank Ltd	7,057	95.72%	4.21%	0.07%
34	Tamilnad Mercantile Bank	6,347	94.52%	5.37%	0.11%
35	City Union Bank	5,795	90.34%	9.58%	0.09%
36	RBL Ltd	5,557	90.66%	9.11%	0.23%
37	Utkarsh Small Finance Bank Ltd	4,922	94.98%	2.48%	2.54%
38	Surat People Cooperative Bank	4,891	92.70%	5.52%	1.78%
39	DBS Bank India Limited	4,600	99.20%	0.72%	0.09%
40	HSBC	4,510	95.90%	0.93%	3.17%
41	Svc co-operative bank ltd	3,184	95.85%	3.74%	0.41%
42	Jammu and Kashmir Bank	2,448	97.92%	1.96%	0.12%
43	TJSB Sahakari Bank Ltd	2,422	90.67%	9.33%	0.00%
44	The Ahmedabad Mercantile Co- op. Bank Ltd	2,102	98.29%	1.67%	0.05%
45	Dhanlaxmi Bank Ltd	1,020	94.22%	5.78%	0.00%
46	Nutan Nagrik Sahakari Bank	1,015	96.06%	3.35%	0.59%
47	Janata Sahakari Bank Ltd. Pune	965	92.12%	7.77%	0.10%
48	CSB Bank Ltd	478	97.07%	2.93%	0.00%
49	Jana Small Finance Bank	431	80.05%	19.95%	0.00%
50	GP PARSIK BANK	359	98.33%	1.67%	0.00%
51	Deutsche Bank	109	95.41%	0.00%	4.59%

Note:

Cases which are expired (after the specified time limit) have been excluded.

Remarks

Mandate Creation means a transaction where the customer has created a successful block of amount in the bank account for an IPO application.

UPI IPO Remitter - Mandate Execution (Jun'25)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	1,30,399	100.00%	0.00%	0.00%
2	Bank of Baroda	37,578	99.99%	0.01%	0.00%
3	ICICI Bank	37,475	100.00%	0.00%	0.00%
4	Axis Bank Ltd.	31,339	100.00%	0.00%	0.00%
5	HDFC BANK LTD	30,197	96.88%	3.12%	0.00%
6	Punjab National Bank	26,681	100.00%	0.00%	0.00%
7	Union Bank of India	19,829	100.00%	0.00%	0.00%
8	Bank of India	19,487	99.97%	0.03%	0.00%
9	Kotak Mahindra Bank	19,237	100.00%	0.00%	0.00%
10	Canara Bank	13,144	99.97%	0.03%	0.00%
11	Central Bank Of India	7,642	99.97%	0.03%	0.00%
12	IDBI Bank Limited	7,088	100.00%	0.00%	0.00%
13	Indian Bank	6,203	99.97%	0.03%	0.00%
14	INDUSIND BANK	5,220	100.00%	0.00%	0.00%
15	UCO Bank	4,682	99.98%	0.00%	0.02%
16	Yes Bank Ltd	4,657	100.00%	0.00%	0.00%
17	IDFC FIRST Bank	4,506	100.00%	0.00%	0.00%
18	Bank of Maharashtra	3,097	100.00%	0.00%	0.00%
19	AU small Finance Bank	2,976	100.00%	0.00%	0.00%
20	Indian Overseas Bank	2,780	99.78%	0.22%	0.00%
21	Federal Bank	2,128	100.00%	0.00%	0.00%
22	The Mehsana Urban Co-Operative Bank Ltd.	2,082	100.00%	0.00%	0.00%
23	Rajkot Nagrik Sahakari Bank Ltd.	2,008	100.00%	0.00%	0.00%
24	Bandhan Bank	1,843	100.00%	0.00%	0.00%
25	Karnataka Bank	1,148	100.00%	0.00%	0.00%
26	Saraswat Bank	1,032	100.00%	0.00%	0.00%
27	Standard Chartered	846	100.00%	0.00%	0.00%
28	Punjab and Sind Bank	797	100.00%	0.00%	0.00%
29	The Kalupur Commercial Co-operative Bank Ltd	733	100.00%	0.00%	0.00%
30	DCB Bank Ltd	679	100.00%	0.00%	0.00%
31	South Indian Bank	664	100.00%	0.00%	0.00%
32	Karur Vysya Bank	621	100.00%	0.00%	0.00%
33	Equitas Small Finance Bank	560	100.00%	0.00%	0.00%
34	DBS Bank India Limited	531	100.00%	0.00%	0.00%
35	Tamilnad Mercantile Bank	517	100.00%	0.00%	0.00%
36	City Union Bank	508	100.00%	0.00%	0.00%
37	Surat People Cooperative Bank	446	100.00%	0.00%	0.00%
38	RBL Ltd	445	100.00%	0.00%	0.00%
39	Utkarsh Small Finance Bank Ltd	394	100.00%	0.00%	0.00%
40	HSBC	340	100.00%	0.00%	0.00%
41	Jammu and Kashmir Bank	253	100.00%	0.00%	0.00%
42	Svc co-operative bank ltd	248	100.00%	0.00%	0.00%
43	TJSB Sahakari Bank Ltd	207	100.00%	0.00%	0.00%
44	The Ahmedabad Mercantile Co- op. Bank Ltd	163	100.00%	0.00%	0.00%
45	Dhanlaxmi Bank Ltd	116	100.00%	0.00%	0.00%
46	Nutan Nagrik Sahakari Bank	81	100.00%	0.00%	0.00%
47	Janata Sahakari Bank Ltd. Pune	71	100.00%	0.00%	0.00%
48	CSB Bank Ltd	53	100.00%	0.00%	0.00%
49	Jana Small Finance Bank	28	100.00%	0.00%	0.00%
50	GP PARSIK BANK	23	100.00%	0.00%	0.00%
51	Deutsche Bank	14	100.00%	0.00%	0.00%

Note:

Mandate execution relate only to IPO applications for which the shares have been allotted.
Business Declines (BD) and Technical Declines (TD) are at the time of online transactions and such declines are manually processed within 24 hrs to 48 hrs.

Remarks

Mandate Execution means transaction where the customer has applied for an IPO and has been allotted shares for which the funds are debited from the applicant’s account.

IPO Banks Performance (May'25)

UPI IPO Remitter - Mandate Creation (May'25)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	13,10,846	94.87%	5.13%	0.00%
2	Bank of Baroda	4,91,617	93.24%	6.75%	0.01%
3	HDFC BANK LTD	2,96,973	94.93%	2.15%	2.92%
4	Axis Bank Ltd.	2,91,969	96.30%	3.67%	0.03%
5	ICICI Bank	2,59,822	95.77%	4.14%	0.09%
6	Punjab National Bank	2,57,215	95.85%	4.13%	0.02%
7	Bank of India	1,97,226	96.24%	3.75%	0.00%
8	Union Bank of India	1,92,753	95.98%	4.02%	0.00%
9	Kotak Mahindra Bank	1,68,172	94.80%	5.20%	0.00%
10	Canara Bank	1,25,772	95.56%	4.44%	0.00%
11	Central Bank Of India	83,709	90.05%	9.88%	0.08%
12	IDBI Bank Limited	65,795	98.71%	1.29%	0.00%
13	Indian Bank	57,883	94.95%	5.04%	0.01%
14	IDFC FIRST Bank	51,733	95.03%	4.96%	0.01%
15	INDUSIND BANK	48,405	95.52%	4.26%	0.22%
16	UCO Bank	45,372	92.81%	7.18%	0.01%
17	Yes Bank Ltd	42,724	93.65%	6.34%	0.00%
18	AU small Finance Bank	34,856	95.32%	4.67%	0.00%
19	Bank of Maharashtra	31,702	95.52%	4.47%	0.00%
20	Indian Overseas Bank	26,906	95.73%	4.27%	0.00%
21	The Mehsana Urban Co-Operative Bank Ltd.	23,931	96.87%	3.13%	0.00%
22	Rajkot Nagrik Sahakari Bank Ltd.	21,876	96.65%	3.35%	0.00%
23	Federal Bank	21,077	93.16%	6.84%	0.00%
24	Bandhan Bank	17,667	92.36%	7.64%	0.00%
25	Karnataka Bank	11,635	93.36%	6.64%	0.00%
26	Saraswat Bank	9,620	95.65%	4.25%	0.09%
27	The Kalupur Commercial Co-operative Bank Ltd	8,303	95.93%	3.71%	0.36%
28	Punjab and Sind Bank	8,027	94.93%	5.07%	0.00%
29	Equitas Small Finance Bank	7,815	74.38%	6.30%	19.32%
30	Standard Chartered	7,483	96.49%	3.50%	0.01%
31	South Indian Bank	6,035	92.74%	7.26%	0.00%
32	DCB Bank Ltd	5,843	95.88%	4.11%	0.02%
33	Karur Vysya Bank	5,583	90.29%	9.71%	0.00%
34	Tamilnad Mercantile Bank	4,599	94.50%	5.50%	0.00%
35	RBL Ltd	4,332	90.77%	9.19%	0.05%
36	Utkarsh Small Finance Bank Ltd	4,034	94.92%	2.06%	3.02%
37	Surat People Cooperative Bank	3,807	95.04%	4.96%	0.00%
38	City Union Bank	3,647	92.62%	7.21%	0.16%
39	DBS Bank India Limited	3,446	98.98%	1.02%	0.00%
40	HSBC	3,178	96.38%	0.85%	2.77%
41	Jammu and Kashmir Bank	2,392	97.58%	2.42%	0.00%
42	Svc co-operative bank ltd	2,223	95.55%	4.05%	0.40%
43	TJSB Sahakari Bank Ltd	1,761	95.74%	4.26%	0.00%
44	The Ahmedabad Mercantile Co- op. Bank Ltd	1,749	98.97%	1.03%	0.00%
45	Nutan Nagrik Sahakari Bank	771	96.63%	3.24%	0.13%
46	Dhanlaxmi Bank Ltd	769	93.50%	6.50%	0.00%
47	Janata Sahakari Bank Ltd. Pune	747	92.10%	7.90%	0.00%
48	CSB Bank Ltd	617	95.62%	4.38%	0.00%
49	GP PARSIK BANK	380	97.11%	2.89%	0.00%
50	Jana Small Finance Bank	335	76.72%	23.28%	0.00%
51	Deutsche Bank	79	92.41%	0.00%	7.59%

Note:

Cases which are expired (after the specified time limit) have been excluded.

Remarks

Mandate Creation means a transaction where the customer has created a successful block of amount in the bank account for an IPO application.

UPI IPO Remitter - Mandate Execution (May'25)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	1,94,096	100.00%	0.00%	0.00%
2	HDFC BANK LTD	63,035	91.55%	8.45%	0.00%
3	Bank of Baroda	61,222	100.00%	0.00%	0.00%
4	ICICI Bank	59,173	100.00%	0.00%	0.00%
5	Axis Bank Ltd.	47,138	100.00%	0.00%	0.00%
6	Punjab National Bank	37,160	100.00%	0.00%	0.00%
7	Kotak Mahindra Bank	30,140	100.00%	0.00%	0.00%
8	Union Bank of India	27,875	100.00%	0.00%	0.00%
9	Bank of India	25,279	100.00%	0.00%	0.00%
10	Canara Bank	20,514	99.96%	0.04%	0.00%
11	Central Bank Of India	10,732	100.00%	0.00%	0.00%
12	IDBI Bank Limited	10,115	100.00%	0.00%	0.00%
13	Indian Bank	9,061	99.99%	0.01%	0.00%
14	INDUSIND BANK	6,880	100.00%	0.00%	0.00%
15	IDFC FIRST Bank	6,273	100.00%	0.00%	0.00%
16	UCO Bank	6,151	99.95%	0.00%	0.05%
17	Yes Bank Ltd	5,613	99.98%	0.02%	0.00%
18	Bank of Maharashtra	4,955	100.00%	0.00%	0.00%
19	Federal Bank	4,480	100.00%	0.00%	0.00%
20	Indian Overseas Bank	4,429	99.68%	0.32%	0.00%
21	AU small Finance Bank	3,515	100.00%	0.00%	0.00%
22	The Mehsana Urban Co-Operative Bank Ltd.	2,464	100.00%	0.00%	0.00%
23	Karnataka Bank	2,301	100.00%	0.00%	0.00%
24	Bandhan Bank	2,176	100.00%	0.00%	0.00%
25	Rajkot Nagrik Sahakari Bank Ltd.	1,954	100.00%	0.00%	0.00%
26	Standard Chartered	1,709	100.00%	0.00%	0.00%
27	South Indian Bank	1,545	100.00%	0.00%	0.00%
28	Saraswat Bank	1,413	100.00%	0.00%	0.00%
29	Punjab and Sind Bank	1,149	100.00%	0.00%	0.00%
30	Karur Vysya Bank	1,126	100.00%	0.00%	0.00%
31	DBS Bank India Limited	989	99.90%	0.10%	0.00%
32	The Kalupur Commercial Co-operative Bank Ltd	985	100.00%	0.00%	0.00%
33	Equitas Small Finance Bank	792	99.87%	0.00%	0.13%
34	Tamilnad Mercantile Bank	785	99.11%	0.89%	0.00%
35	DCB Bank Ltd	771	100.00%	0.00%	0.00%
36	City Union Bank	746	100.00%	0.00%	0.00%
37	HSBC	745	100.00%	0.00%	0.00%
38	RBL Ltd	571	100.00%	0.00%	0.00%
39	Surat People Cooperative Bank	478	100.00%	0.00%	0.00%
40	Jammu and Kashmir Bank	427	100.00%	0.00%	0.00%
41	Svc co-operative bank ltd	398	100.00%	0.00%	0.00%
42	Utkarsh Small Finance Bank Ltd	369	100.00%	0.00%	0.00%
43	TJSB Sahakari Bank Ltd	289	100.00%	0.00%	0.00%
44	The Ahmedabad Mercantile Co- op. Bank Ltd	194	100.00%	0.00%	0.00%
45	Dhanlaxmi Bank Ltd	180	100.00%	0.00%	0.00%
46	CSB Bank Ltd	158	100.00%	0.00%	0.00%
47	Janata Sahakari Bank Ltd. Pune	131	100.00%	0.00%	0.00%
48	Nutan Nagrik Sahakari Bank	101	100.00%	0.00%	0.00%
49	GP PARSIK BANK	72	100.00%	0.00%	0.00%
50	Jana Small Finance Bank	52	100.00%	0.00%	0.00%
51	Deutsche Bank	4	100.00%	0.00%	0.00%

Note:

Mandate execution relate only to IPO applications for which the shares have been allotted.
Business Declines (BD) and Technical Declines (TD) are at the time of online transactions and such declines are manually processed within 24 hrs to 48 hrs.

Remarks

Mandate Execution means transaction where the customer has applied for an IPO and has been allotted shares for which the funds are debited from the applicant’s account.

IPO Banks Performance (Apr'25)

UPI IPO Remitter - Mandate Creation (Apr'25)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	72,770	89.40%	10.60%	0.00%
2	HDFC BANK LTD	50,243	91.75%	2.30%	5.95%
3	ICICI Bank	23,317	92.54%	7.45%	0.00%
4	Axis Bank Ltd.	19,498	92.61%	7.30%	0.09%
5	Bank of Baroda	16,983	89.53%	10.45%	0.02%
6	Punjab National Bank	11,075	90.87%	8.93%	0.20%
7	Kotak Mahindra Bank	10,328	89.67%	10.33%	0.00%
8	Union Bank of India	9,527	91.10%	8.90%	0.00%
9	Canara Bank	8,754	91.16%	8.84%	0.00%
10	Bank of India	7,288	92.08%	7.92%	0.00%
11	Indian Bank	3,584	87.92%	12.08%	0.00%
12	Central Bank Of India	3,459	83.12%	16.88%	0.00%
13	IDBI Bank Limited	3,193	98.18%	1.82%	0.00%
14	IDFC FIRST Bank	3,192	91.64%	8.30%	0.06%
15	Federal Bank	2,763	86.03%	13.97%	0.00%
16	INDUSIND BANK	2,667	91.19%	8.74%	0.07%
17	Yes Bank Ltd	2,160	89.40%	10.60%	0.00%
18	Bank of Maharashtra	1,920	90.10%	9.90%	0.00%
19	UCO Bank	1,894	85.64%	14.36%	0.00%
20	Indian Overseas Bank	1,837	87.26%	12.74%	0.00%
21	AU small Finance Bank	1,533	90.02%	9.98%	0.00%
22	Karnataka Bank	1,480	89.39%	10.61%	0.00%
23	South Indian Bank	1,364	90.10%	9.90%	0.00%
24	Standard Chartered	1,037	95.37%	4.63%	0.00%
25	Karur Vysya Bank	767	86.05%	13.95%	0.00%
26	Bandhan Bank	679	86.60%	13.40%	0.00%
27	Saraswat Bank	614	91.37%	8.63%	0.00%
28	HSBC	495	94.55%	1.41%	4.04%
29	City Union Bank	456	87.50%	12.06%	0.44%
30	DBS Bank India Limited	437	97.94%	2.06%	0.00%
31	Equitas Small Finance Bank	379	85.75%	14.25%	0.00%
32	Punjab and Sind Bank	352	88.92%	11.08%	0.00%
33	Tamilnad Mercantile Bank	333	92.49%	7.51%	0.00%
34	The Mehsana Urban Co-Operative Bank Ltd.	331	97.28%	2.72%	0.00%
35	RBL Ltd	304	82.24%	17.76%	0.00%
36	Rajkot Nagrik Sahakari Bank Ltd.	278	96.40%	3.60%	0.00%
37	DCB Bank Ltd	257	91.83%	8.17%	0.00%
38	The Kalupur Commercial Co-operative Bank Ltd	250	92.80%	6.40%	0.80%
39	Jammu and Kashmir Bank	195	96.41%	3.59%	0.00%
40	Svc co-operative bank ltd	172	90.12%	9.88%	0.00%
41	TJSB Sahakari Bank Ltd	140	89.29%	10.71%	0.00%
42	CSB Bank Ltd	133	85.71%	14.29%	0.00%
43	Surat People Cooperative Bank	126	96.03%	3.97%	0.00%
44	Dhanlaxmi Bank Ltd	124	87.90%	12.10%	0.00%
45	Utkarsh Small Finance Bank Ltd	112	97.32%	0.89%	1.79%
46	Janata Sahakari Bank Ltd. Pune	61	81.97%	18.03%	0.00%
47	The Ahmedabad Mercantile Co- op. Bank Ltd	42	100.00%	0.00%	0.00%
48	GP PARSIK BANK	42	100.00%	0.00%	0.00%
49	Nutan Nagrik Sahakari Bank	31	87.10%	12.90%	0.00%
50	Jana Small Finance Bank	28	67.86%	32.14%	0.00%
51	Deutsche Bank	21	95.24%	0.00%	4.76%

Note:

Cases which are expired (after the specified time limit) have been excluded.

Remarks

Mandate Creation means a transaction where the customer has created a successful block of amount in the bank account for an IPO application.

UPI IPO Remitter - Mandate Execution (Apr'25)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	4446	99.98%	0.02%	0.00%
2	HDFC BANK LTD	3327	99.97%	0.03%	0.00%
3	ICICI Bank	2974	100.00%	0.00%	0.00%
4	Axis Bank Ltd.	1237	100.00%	0.00%	0.00%
5	Bank of Baroda	1000	99.80%	0.20%	0.00%
6	Kotak Mahindra Bank	883	100.00%	0.00%	0.00%
7	Canara Bank	716	99.86%	0.14%	0.00%
8	Punjab National Bank	587	100.00%	0.00%	0.00%
9	Union Bank of India	578	100.00%	0.00%	0.00%
10	Federal Bank	540	100.00%	0.00%	0.00%
11	South Indian Bank	487	100.00%	0.00%	0.00%
12	Bank of India	449	100.00%	0.00%	0.00%
13	Indian Bank	300	100.00%	0.00%	0.00%
14	IDBI Bank Limited	274	100.00%	0.00%	0.00%
15	INDUSIND BANK	262	100.00%	0.00%	0.00%
16	IDFC FIRST Bank	257	100.00%	0.00%	0.00%
17	Indian Overseas Bank	246	100.00%	0.00%	0.00%
18	Central Bank Of India	188	100.00%	0.00%	0.00%
19	Yes Bank Ltd	176	99.43%	0.57%	0.00%
20	Karur Vysya Bank	165	100.00%	0.00%	0.00%
21	AU small Finance Bank	114	100.00%	0.00%	0.00%
22	City Union Bank	110	100.00%	0.00%	0.00%
23	UCO Bank	103	100.00%	0.00%	0.00%
24	Saraswat Bank	94	100.00%	0.00%	0.00%
25	Bank of Maharashtra	85	100.00%	0.00%	0.00%
26	DBS Bank India Limited	72	100.00%	0.00%	0.00%
27	Karnataka Bank	70	100.00%	0.00%	0.00%
28	Bandhan Bank	56	100.00%	0.00%	0.00%
29	Standard Chartered	52	100.00%	0.00%	0.00%
30	Equitas Small Finance Bank	52	100.00%	0.00%	0.00%
31	RBL Ltd	46	100.00%	0.00%	0.00%
32	Tamilnad Mercantile Bank	43	100.00%	0.00%	0.00%
33	CSB Bank Ltd	39	100.00%	0.00%	0.00%
34	The Mehsana Urban Co-Operative Bank Ltd.	32	100.00%	0.00%	0.00%
35	Dhanlaxmi Bank Ltd	30	100.00%	0.00%	0.00%
36	HSBC	28	100.00%	0.00%	0.00%
37	The Kalupur Commercial Co-operative Bank Ltd	28	100.00%	0.00%	0.00%
38	DCB Bank Ltd	27	100.00%	0.00%	0.00%
39	Svc co-operative bank ltd	20	100.00%	0.00%	0.00%
40	Rajkot Nagrik Sahakari Bank Ltd.	18	100.00%	0.00%	0.00%
41	Surat People Cooperative Bank	17	100.00%	0.00%	0.00%
42	Utkarsh Small Finance Bank Ltd	15	100.00%	0.00%	0.00%
43	TJSB Sahakari Bank Ltd	13	100.00%	0.00%	0.00%
44	Punjab and Sind Bank	12	100.00%	0.00%	0.00%
45	Jammu and Kashmir Bank	10	100.00%	0.00%	0.00%
46	Janata Sahakari Bank Ltd. Pune	8	100.00%	0.00%	0.00%
47	Nutan Nagrik Sahakari Bank	7	100.00%	0.00%	0.00%
48	The Ahmedabad Mercantile Co- op. Bank Ltd	4	100.00%	0.00%	0.00%
49	Jana Small Finance Bank	3	100.00%	0.00%	0.00%
50	GP PARSIK BANK	2	100.00%	0.00%	0.00%
51	Deutsche Bank	2	100.00%	0.00%	0.00%

Note:

Mandate execution relate only to IPO applications for which the shares have been allotted.
Business Declines (BD) and Technical Declines (TD) are at the time of online transactions and such declines are manually processed within 24 hrs to 48 hrs.

Remarks

Mandate Execution means transaction where the customer has applied for an IPO and has been allotted shares for which the funds are debited from the applicant’s account.

IPO Banks Performance (Mar'25)

UPI IPO Remitter - Mandate Creation (Mar'25)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	15,282	89.82%	10.17%	0.01%
2	HDFC BANK LTD	12,388	91.71%	2.01%	6.28%
3	Bank of Baroda	5,437	90.18%	9.71%	0.11%
4	Axis Bank Ltd.	4,562	93.88%	6.07%	0.04%
5	ICICI Bank	4,153	93.55%	6.33%	0.12%
6	Punjab National Bank	2,841	89.97%	9.96%	0.07%
7	Union Bank of India	2,616	92.32%	7.68%	0.00%
8	Bank of India	2,373	94.69%	5.31%	0.00%
9	Kotak Mahindra Bank	2,046	87.19%	12.76%	0.05%
10	INDUSIND BANK	1,506	91.43%	8.43%	0.13%
11	Yes Bank Ltd	1,495	91.57%	8.43%	0.00%
12	Canara Bank	1,490	91.21%	8.79%	0.00%
13	AU small Finance Bank	1,402	95.36%	4.64%	0.00%
14	IDFC FIRST Bank	1,354	93.80%	6.20%	0.00%
15	IDBI Bank Limited	914	98.03%	1.97%	0.00%
16	Central Bank Of India	731	91.11%	8.76%	0.14%
17	Indian Bank	699	84.12%	15.88%	0.00%
18	UCO Bank	474	88.40%	11.60%	0.00%
19	Indian Overseas Bank	437	69.79%	30.21%	0.00%
20	Federal Bank	432	81.48%	18.52%	0.00%
21	South Indian Bank	301	91.69%	8.31%	0.00%
22	Equitas Small Finance Bank	296	90.54%	9.46%	0.00%
23	Rajkot Nagrik Sahakari Bank Ltd.	272	95.96%	4.04%	0.00%
24	Bank of Maharashtra	269	88.85%	11.15%	0.00%
25	Karnataka Bank	220	87.27%	12.73%	0.00%
26	Bandhan Bank	206	86.89%	13.11%	0.00%
27	The Mehsana Urban Co-Operative Bank Ltd.	193	95.85%	4.15%	0.00%
28	Karur Vysya Bank	183	85.25%	14.75%	0.00%
29	City Union Bank	155	83.87%	16.13%	0.00%
30	RBL Ltd	141	78.01%	21.99%	0.00%
31	Standard Chartered Bank	135	94.81%	5.19%	0.00%
32	DCB Bank Ltd	107	96.26%	3.74%	0.00%
33	Saraswat Bank	104	92.31%	6.73%	0.96%
34	The Kalupur Commercial Co-operative Bank Ltd	89	92.13%	7.87%	0.00%
35	Tamilnad Mercantile Bank	89	92.13%	7.87%	0.00%
36	Punjab and Sind Bank	79	88.61%	11.39%	0.00%
37	Surat People Cooperative Bank	73	95.89%	4.11%	0.00%
38	DBS Bank India Limited	64	93.75%	6.25%	0.00%
39	Utkarsh Small Finance Bank Ltd	63	96.83%	1.59%	1.59%
40	HSBC Bank	52	96.15%	0.00%	3.85%
41	Svc co-operative bank ltd	30	100.00%	0.00%	0.00%
42	Dhanlaxmi Bank Ltd	29	82.76%	17.24%	0.00%
43	The Ahmedabad Mercantile Co- op. Bank Ltd	27	100.00%	0.00%	0.00%
44	Jammu and Kashmir Bank	26	69.23%	30.77%	0.00%
45	CSB Bank Ltd	25	100.00%	0.00%	0.00%
46	Nutan Nagrik Sahakari Bank	21	100.00%	0.00%	0.00%
47	TJSB Sahakari Bank Ltd	19	84.21%	15.79%	0.00%
48	Janata Sahakari Bank Ltd. Pune	9	100.00%	0.00%	0.00%
49	GP PARSIK BANK	6	66.67%	33.33%	0.00%
50	Jana Small Finance Bank	3	66.67%	33.33%	0.00%
51	Deutsche Bank	3	100.00%	0.00%	0.00%

Note:

Cases which are expired (after the specified time limit) have been excluded.

Remarks

Mandate Creation means a transaction where the customer has created a successful block of amount in the bank account for an IPO application.

UPI IPO Remitter - Mandate Execution (Mar'25)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	3547	99.97%	0.03%	0.00%
2	HDFC BANK LTD	2619	99.77%	0.23%	0.00%
3	ICICI Bank	1863	99.95%	0.05%	0.00%
4	Axis Bank Ltd.	1093	100.00%	0.00%	0.00%
5	Bank of Baroda	916	99.45%	0.55%	0.00%
6	Punjab National Bank	695	100.00%	0.00%	0.00%
7	Kotak Mahindra Bank	677	99.85%	0.15%	0.00%
8	Union Bank of India	533	100.00%	0.00%	0.00%
9	Bank of India	436	100.00%	0.00%	0.00%
10	Canara Bank	340	100.00%	0.00%	0.00%
11	IDBI Bank Limited	250	100.00%	0.00%	0.00%
12	INDUSIND BANK	225	99.56%	0.44%	0.00%
13	IDFC FIRST Bank	224	98.66%	1.34%	0.00%
14	Indian Bank	195	100.00%	0.00%	0.00%
15	AU small Finance Bank	179	99.44%	0.56%	0.00%
16	Central Bank Of India	163	100.00%	0.00%	0.00%
17	Yes Bank Ltd	162	100.00%	0.00%	0.00%
18	UCO Bank	94	100.00%	0.00%	0.00%
19	Bank of Maharashtra	88	100.00%	0.00%	0.00%
20	Federal Bank	81	98.77%	1.23%	0.00%
21	Indian Overseas Bank	71	100.00%	0.00%	0.00%
22	Karnataka Bank	66	100.00%	0.00%	0.00%
23	Standard Chartered Bank	54	100.00%	0.00%	0.00%
24	Saraswat Bank	43	100.00%	0.00%	0.00%
25	Equitas Small Finance Bank	40	100.00%	0.00%	0.00%
26	Bandhan Bank	38	100.00%	0.00%	0.00%
27	City Union Bank	36	100.00%	0.00%	0.00%
28	RBL Ltd	36	100.00%	0.00%	0.00%
29	The Mehsana Urban Co-Operative Bank Ltd.	35	100.00%	0.00%	0.00%
30	Karur Vysya Bank	35	100.00%	0.00%	0.00%
31	DBS Bank India Limited	33	100.00%	0.00%	0.00%
32	Rajkot Nagrik Sahakari Bank Ltd.	31	100.00%	0.00%	0.00%
33	South Indian Bank	24	100.00%	0.00%	0.00%
34	Punjab and Sind Bank	21	100.00%	0.00%	0.00%
35	HSBC Bank	21	100.00%	0.00%	0.00%
36	Tamilnad Mercantile Bank	19	100.00%	0.00%	0.00%
37	DCB Bank Ltd	19	100.00%	0.00%	0.00%
38	The Kalupur Commercial Co-operative Bank Ltd	18	100.00%	0.00%	0.00%
39	Jammu and Kashmir Bank	14	100.00%	0.00%	0.00%
40	Surat People Cooperative Bank	11	100.00%	0.00%	0.00%
41	Utkarsh Small Finance Bank Ltd	10	100.00%	0.00%	0.00%
42	Svc co-operative bank ltd	10	100.00%	0.00%	0.00%
43	Dhanlaxmi Bank Ltd	10	100.00%	0.00%	0.00%
44	TJSB Sahakari Bank Ltd	7	100.00%	0.00%	0.00%
45	The Ahmedabad Mercantile Co- op. Bank Ltd	4	100.00%	0.00%	0.00%
46	Janata Sahakari Bank Ltd. Pune	4	100.00%	0.00%	0.00%
47	GP PARSIK BANK	4	100.00%	0.00%	0.00%
48	Nutan Nagrik Sahakari Bank	2	100.00%	0.00%	0.00%
49	CSB Bank Ltd	0	0.00%	0.00%	0.00%
50	Deutsche Bank	0	0.00%	0.00%	0.00%
51	Jana Small Finance Bank	0	0.00%	0.00%	0.00%

Note:

Mandate execution relate only to IPO applications for which the shares have been allotted.
Business Declines (BD) and Technical Declines (TD) are at the time of online transactions and such declines are manually processed within 24 hrs to 48 hrs.

Remarks

Mandate Execution means transaction where the customer has applied for an IPO and has been allotted shares for which the funds are debited from the applicant’s account.

IPO Banks Performance (Feb'25)

UPI IPO Remitter - Mandate Creation (Feb'25)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	1,72,186	93.34%	6.66%	0.01%
2	HDFC BANK LTD	99,886	95.09%	4.23%	0.67%
3	Bank of Baroda	52,139	94.58%	5.38%	0.04%
4	ICICI Bank	41,616	94.84%	5.12%	0.04%
5	Axis Bank Ltd.	41,102	95.34%	4.52%	0.14%
6	Punjab National Bank	32,882	94.60%	5.37%	0.02%
7	Union Bank of India	25,374	94.75%	5.23%	0.02%
8	Kotak Mahindra Bank	22,345	93.17%	6.82%	0.01%
9	Bank of India	22,154	95.31%	4.68%	0.01%
10	Canara Bank	18,279	94.12%	5.85%	0.03%
11	Central Bank Of India	9,285	94.77%	5.21%	0.02%
12	IDBI Bank Limited	8,800	98.40%	1.60%	0.00%
13	IDFC FIRST Bank	7,762	94.29%	5.69%	0.01%
14	Indian Bank	7,704	93.67%	6.32%	0.01%
15	INDUSIND BANK	7,187	93.43%	5.09%	1.47%
16	Yes Bank Ltd	7,003	93.17%	6.78%	0.04%
17	AU small Finance Bank	5,686	91.95%	8.05%	0.00%
18	UCO Bank	5,032	92.07%	7.93%	0.00%
19	Bank of Maharashtra	4,089	94.28%	5.72%	0.00%
20	Indian Overseas Bank	3,858	94.12%	5.88%	0.00%
21	Federal Bank	3,451	90.21%	9.79%	0.00%
22	Karnataka Bank	2,299	92.56%	7.44%	0.00%
23	Bandhan Bank	2,279	90.52%	9.48%	0.00%
24	The Mehsana Urban Co-Operative Bank Ltd.	2,082	96.64%	3.36%	0.00%
25	Rajkot Nagrik Sahakari Bank Ltd.	1,785	97.31%	2.63%	0.06%
26	Standard Chartered	1,606	95.39%	4.61%	0.00%
27	South Indian Bank	1,336	92.22%	7.78%	0.00%
28	Saraswat Bank	1,322	94.86%	4.99%	0.15%
29	Equitas Small Finance Bank	1,318	82.17%	9.56%	8.27%
30	Karur Vysya Bank	1,193	88.43%	11.57%	0.00%
31	Punjab and Sind Bank	1,078	94.34%	5.66%	0.00%
32	City Union Bank	838	91.77%	8.23%	0.00%
33	The Kalupur Commercial Co-operative Bank Ltd	817	96.21%	3.79%	0.00%
34	Tamilnad Mercantile Bank	809	94.19%	5.81%	0.00%
35	DCB Bank Ltd	738	95.66%	4.20%	0.14%
36	RBL Ltd	680	90.44%	9.41%	0.15%
37	HSBC	606	92.57%	1.98%	5.45%
38	DBS Bank India Limited	562	98.93%	1.07%	0.00%
39	Jammu and Kashmir Bank	499	90.58%	9.42%	0.00%
40	Utkarsh Small Finance Bank Ltd	488	94.47%	1.23%	4.30%
41	Surat People Cooperative Bank	463	93.52%	6.48%	0.00%
42	Svc co-operative bank ltd	349	95.99%	4.01%	0.00%
43	TJSB Sahakari Bank Ltd	268	95.15%	4.85%	0.00%
44	The Ahmedabad Mercantile Co- op. Bank Ltd	163	98.77%	1.23%	0.00%
45	Dhanlaxmi Bank Ltd	142	91.55%	8.45%	0.00%
46	CSB Bank Ltd	141	92.91%	7.09%	0.00%
47	Janata Sahakari Bank Ltd. Pune	107	93.46%	6.54%	0.00%
48	Nutan Nagrik Sahakari Bank	90	96.67%	3.33%	0.00%
49	GP PARSIK BANK	50	96.00%	4.00%	0.00%
50	Jana Small Finance Bank	31	96.77%	3.23%	0.00%
51	Deutsche Bank	30	96.67%	0.00%	3.33%

Note:

Cases which are expired (after the specified time limit) have been excluded.

Remarks

Mandate Creation means a transaction where the customer has created a successful block of amount in the bank account for an IPO application.

UPI IPO Remitter - Mandate Execution (Feb'25)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	151671	100.00%	0.00%	0.00%
2	HDFC BANK LTD	81803	99.97%	0.03%	0.00%
3	ICICI Bank	46393	100.00%	0.00%	0.00%
4	Bank of Baroda	39275	99.98%	0.02%	0.00%
5	Axis Bank Ltd.	34318	100.00%	0.00%	0.00%
6	Punjab National Bank	28644	100.00%	0.00%	0.00%
7	Kotak Mahindra Bank	24296	100.00%	0.00%	0.00%
8	Union Bank of India	22514	100.00%	0.00%	0.00%
9	Bank of India	18691	99.99%	0.01%	0.00%
10	Canara Bank	17251	99.98%	0.02%	0.00%
11	Central Bank Of India	8490	100.00%	0.00%	0.00%
12	IDBI Bank Limited	7807	100.00%	0.00%	0.00%
13	Indian Bank	7483	99.99%	0.01%	0.00%
14	INDUSIND BANK	5195	100.00%	0.00%	0.00%
15	IDFC FIRST Bank	4975	100.00%	0.00%	0.00%
16	UCO Bank	4529	99.87%	0.00%	0.13%
17	Yes Bank Ltd	4317	99.98%	0.02%	0.00%
18	Bank of Maharashtra	3831	100.00%	0.00%	0.00%
19	Indian Overseas Bank	3785	100.00%	0.00%	0.00%
20	Federal Bank	3362	100.00%	0.00%	0.00%
21	AU small Finance Bank	3294	100.00%	0.00%	0.00%
22	Karnataka Bank	2295	100.00%	0.00%	0.00%
23	Bandhan Bank	1750	100.00%	0.00%	0.00%
24	Standard Chartered	1400	100.00%	0.00%	0.00%
25	The Mehsana Urban Co-Operative Bank Ltd.	1340	100.00%	0.00%	0.00%
26	Karur Vysya Bank	1235	100.00%	0.00%	0.00%
27	Rajkot Nagrik Sahakari Bank Ltd.	1178	100.00%	0.00%	0.00%
28	South Indian Bank	1145	100.00%	0.00%	0.00%
29	Saraswat Bank	1032	100.00%	0.00%	0.00%
30	Punjab and Sind Bank	912	100.00%	0.00%	0.00%
31	City Union Bank	746	100.00%	0.00%	0.00%
32	Equitas Small Finance Bank	720	100.00%	0.00%	0.00%
33	Tamilnad Mercantile Bank	717	100.00%	0.00%	0.00%
34	DBS Bank India Limited	716	100.00%	0.00%	0.00%
35	The Kalupur Commercial Co-operative Bank Ltd	620	100.00%	0.00%	0.00%
36	DCB Bank Ltd	572	100.00%	0.00%	0.00%
37	Jammu and Kashmir Bank	492	100.00%	0.00%	0.00%
38	RBL Ltd	491	100.00%	0.00%	0.00%
39	HSBC	478	100.00%	0.00%	0.00%
40	Utkarsh Small Finance Bank Ltd	347	100.00%	0.00%	0.00%
41	Surat People Cooperative Bank	337	100.00%	0.00%	0.00%
42	Svc co-operative bank ltd	318	100.00%	0.00%	0.00%
43	TJSB Sahakari Bank Ltd	235	100.00%	0.00%	0.00%
44	Dhanlaxmi Bank Ltd	135	100.00%	0.00%	0.00%
45	CSB Bank Ltd	128	100.00%	0.00%	0.00%
46	The Ahmedabad Mercantile Co- op. Bank Ltd	127	100.00%	0.00%	0.00%
47	Janata Sahakari Bank Ltd. Pune	97	100.00%	0.00%	0.00%
48	Nutan Nagrik Sahakari Bank	66	100.00%	0.00%	0.00%
49	GP PARSIK BANK	46	100.00%	0.00%	0.00%
50	Deutsche Bank	22	100.00%	0.00%	0.00%
51	Jana Small Finance Bank	20	100.00%	0.00%	0.00%

Note:

Mandate execution relate only to IPO applications for which the shares have been allotted.
Business Declines (BD) and Technical Declines (TD) are at the time of online transactions and such declines are manually processed within 24 hrs to 48 hrs.

Remarks

Mandate Execution means transaction where the customer has applied for an IPO and has been allotted shares for which the funds are debited from the applicant’s account.

IPO Banks Performance (Jan'25)

UPI IPO Remitter - Mandate Creation (Jan'25)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	59,16,487	96.38%	3.60%	0.02%
2	HDFC BANK LTD	30,60,032	97.08%	2.87%	0.06%
3	Bank of Baroda	22,69,104	94.87%	3.56%	1.57%
4	Axis Bank Ltd.	12,92,472	97.18%	2.77%	0.04%
5	ICICI Bank	11,58,652	96.79%	3.10%	0.11%
6	Punjab National Bank	10,56,419	96.73%	3.25%	0.02%
7	Union Bank of India	8,80,654	94.21%	5.73%	0.06%
8	Bank of India	8,54,560	97.15%	2.83%	0.03%
9	Kotak Mahindra Bank	7,71,859	96.29%	3.70%	0.01%
10	Canara Bank	5,54,642	96.59%	3.39%	0.02%
11	Central Bank Of India	3,45,246	96.84%	2.07%	1.09%
12	IDBI Bank Limited	2,97,578	96.40%	3.16%	0.44%
13	Indian Bank	2,53,637	93.80%	6.18%	0.02%
14	IDFC FIRST Bank	1,98,280	96.06%	3.93%	0.02%
15	INDUSIND BANK	1,91,655	96.67%	3.28%	0.05%
16	UCO Bank	1,89,744	93.80%	6.19%	0.02%
17	Yes Bank Ltd	1,62,745	94.00%	5.98%	0.02%
18	Bank of Maharashtra	1,52,279	96.71%	3.28%	0.01%
19	AU small Finance Bank	1,32,761	96.15%	3.83%	0.02%
20	Indian Overseas Bank	1,20,016	96.69%	3.30%	0.01%
21	The Mehsana Urban Co-Operative Bank Ltd.	1,10,417	94.35%	5.56%	0.09%
22	Federal Bank	92,587	95.15%	4.84%	0.01%
23	Rajkot Nagrik Sahakari Bank Ltd.	77,104	97.03%	2.93%	0.04%
24	Bandhan Bank	67,905	90.17%	9.80%	0.02%
25	Karnataka Bank	56,455	95.13%	4.84%	0.02%
26	Saraswat Bank	45,312	95.97%	3.74%	0.28%
27	The Kalupur Commercial Co-operative Bank Ltd	36,666	96.90%	3.03%	0.07%
28	Punjab and Sind Bank	34,960	95.89%	3.57%	0.54%
29	Standard Chartered	34,910	97.04%	2.94%	0.02%
30	Karur Vysya Bank	28,592	93.60%	6.39%	0.01%
31	Equitas Small Finance Bank	27,890	97.15%	2.84%	0.01%
32	South Indian Bank	24,517	95.11%	4.88%	0.00%
33	DCB Bank Ltd	21,186	97.13%	2.86%	0.01%
34	Tamilnad Mercantile Bank	19,260	96.07%	3.89%	0.03%
35	RBL Ltd	18,228	91.30%	8.68%	0.02%
36	Surat People Cooperative Bank	16,496	95.17%	4.72%	0.10%
37	City Union Bank	16,095	95.21%	4.74%	0.05%
38	DBS Bank India Limited	15,809	98.98%	0.99%	0.03%
39	HSBC	12,903	95.02%	0.99%	3.99%
40	Jammu and Kashmir Bank	11,331	93.71%	6.29%	0.00%
41	Utkarsh Small Finance Bank Ltd	10,929	94.42%	2.72%	2.86%
42	Svc co-operative bank ltd	10,587	97.30%	2.66%	0.04%
43	TJSB Sahakari Bank Ltd	8,671	95.20%	4.76%	0.03%
44	The Ahmedabad Mercantile Co- op. Bank Ltd	7,005	98.90%	1.10%	0.00%
45	Janata Sahakari Bank Ltd. Pune	3,229	94.33%	5.64%	0.03%
46	Dhanlaxmi Bank Ltd	3,037	93.28%	6.72%	0.00%
47	CSB Bank Ltd	2,983	96.04%	3.89%	0.07%
48	Nutan Nagrik Sahakari Bank	2,971	97.31%	2.69%	0.00%
49	GP PARSIK BANK	2,127	98.82%	1.13%	0.05%
50	Jana Small Finance Bank	704	14.91%	59.09%	25.99%
51	Deutsche Bank	469	95.52%	0.00%	4.48%

Note:

Cases which are expired (after the specified time limit) have been excluded.

Remarks

Mandate Creation means a transaction where the customer has created a successful block of amount in the bank account for an IPO application.

UPI IPO Remitter - Mandate Execution (Jan'25)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	92,549	100.00%	0.00%	0.00%
2	HDFC BANK LTD	45,209	100.00%	0.00%	0.00%
3	Bank of Baroda	30,415	99.95%	0.05%	0.00%
4	ICICI Bank	24,020	99.98%	0.02%	0.00%
5	Axis Bank Ltd.	19,559	99.99%	0.01%	0.00%
6	Punjab National Bank	16,207	99.99%	0.01%	0.00%
7	Kotak Mahindra Bank	13,954	100.00%	0.00%	0.00%
8	Union Bank of India	12,980	100.00%	0.00%	0.00%
9	Bank of India	12,387	99.99%	0.01%	0.00%
10	Canara Bank	9,213	99.92%	0.08%	0.00%
11	Central Bank Of India	5,302	99.98%	0.02%	0.00%
12	IDBI Bank Limited	4,489	99.98%	0.02%	0.00%
13	Indian Bank	4,115	99.98%	0.02%	0.00%
14	INDUSIND BANK	2,823	100.00%	0.00%	0.00%
15	UCO Bank	2,780	99.42%	0.00%	0.58%
16	IDFC FIRST Bank	2,563	99.92%	0.08%	0.00%
17	Bank of Maharashtra	2,339	100.00%	0.00%	0.00%
18	Federal Bank	2,337	100.00%	0.00%	0.00%
19	Yes Bank Ltd	2,240	100.00%	0.00%	0.00%
20	Indian Overseas Bank	2,036	99.90%	0.00%	0.10%
21	AU small Finance Bank	1,742	100.00%	0.00%	0.00%
22	The Mehsana Urban Co-Operative Bank Ltd.	1,446	100.00%	0.00%	0.00%
23	Bandhan Bank	949	99.89%	0.11%	0.00%
24	Rajkot Nagrik Sahakari Bank Ltd.	886	100.00%	0.00%	0.00%
25	Karnataka Bank	883	100.00%	0.00%	0.00%
26	South Indian Bank	831	100.00%	0.00%	0.00%
27	Saraswat Bank	711	100.00%	0.00%	0.00%
28	Standard Chartered	537	100.00%	0.00%	0.00%
29	Karur Vysya Bank	514	100.00%	0.00%	0.00%
30	Punjab and Sind Bank	509	100.00%	0.00%	0.00%
31	The Kalupur Commercial Co-operative Bank Ltd	495	100.00%	0.00%	0.00%
32	Equitas Small Finance Bank	410	100.00%	0.00%	0.00%
33	DBS Bank India Limited	359	100.00%	0.00%	0.00%
34	Tamilnad Mercantile Bank	355	100.00%	0.00%	0.00%
35	City Union Bank	317	100.00%	0.00%	0.00%
36	RBL Ltd	293	100.00%	0.00%	0.00%
37	DCB Bank Ltd	283	100.00%	0.00%	0.00%
38	Surat People Cooperative Bank	250	100.00%	0.00%	0.00%
39	HSBC	206	100.00%	0.00%	0.00%
40	Jammu and Kashmir Bank	193	100.00%	0.00%	0.00%
41	Svc co-operative bank ltd	191	100.00%	0.00%	0.00%
42	Dhanlaxmi Bank Ltd	160	100.00%	0.00%	0.00%
43	TJSB Sahakari Bank Ltd	136	100.00%	0.00%	0.00%
44	Utkarsh Small Finance Bank Ltd	127	100.00%	0.00%	0.00%
45	The Ahmedabad Mercantile Co- op. Bank Ltd	108	100.00%	0.00%	0.00%
46	CSB Bank Ltd	95	100.00%	0.00%	0.00%
47	Nutan Nagrik Sahakari Bank	40	100.00%	0.00%	0.00%
48	Janata Sahakari Bank Ltd. Pune	37	100.00%	0.00%	0.00%
49	GP PARSIK BANK	26	100.00%	0.00%	0.00%
50	Jana Small Finance Bank	5	100.00%	0.00%	0.00%
51	Deutsche Bank	4	100.00%	0.00%	0.00%

Note:

Mandate execution relate only to IPO applications for which the shares have been allotted.
Business Declines (BD) and Technical Declines (TD) are at the time of online transactions and such declines are manually processed within 24 hrs to 48 hrs.

Remarks

Mandate Execution means transaction where the customer has applied for an IPO and has been allotted shares for which the funds are debited from the applicant’s account.

IPO Banks Performance (Dec'24)

UPI IPO Remitter - Mandate Creation (Dec'24)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	87,68,236	95.41%	4.59%	0.00%
2	HDFC BANK LTD	49,35,450	96.38%	3.33%	0.29%
3	Bank of Baroda	32,53,636	95.46%	4.09%	0.44%
4	Axis Bank Ltd.	20,42,387	96.76%	3.21%	0.04%
5	ICICI Bank	19,40,547	96.57%	3.37%	0.06%
6	Punjab National Bank	16,46,777	96.47%	3.48%	0.04%
7	Union Bank of India	14,36,010	83.30%	16.69%	0.00%
8	Bank of India	12,51,980	96.75%	3.25%	0.00%
9	Kotak Mahindra Bank	11,78,808	95.88%	4.12%	0.00%
10	Canara Bank	8,53,647	96.04%	3.95%	0.01%
11	Central Bank Of India	5,08,593	96.58%	3.13%	0.30%
12	IDBI Bank Limited	4,73,484	96.02%	1.17%	2.81%
13	Indian Bank	3,83,893	95.37%	4.62%	0.00%
14	IDFC FIRST Bank	3,20,451	95.27%	4.72%	0.01%
15	INDUSIND BANK	2,94,341	95.85%	4.10%	0.05%
16	UCO Bank	2,81,982	92.29%	7.71%	0.00%
17	Yes Bank Ltd	2,50,529	92.24%	7.72%	0.04%
18	Bank of Maharashtra	2,30,398	96.34%	3.66%	0.00%
19	AU small Finance Bank	2,06,780	91.60%	8.39%	0.00%
20	Indian Overseas Bank	1,82,160	96.30%	3.70%	0.00%
21	The Mehsana Urban Co-Operative Bank Ltd.	1,50,291	96.52%	3.48%	0.00%
22	Federal Bank	1,44,731	94.54%	5.46%	0.00%
23	Rajkot Nagrik Sahakari Bank Ltd.	1,07,283	96.85%	3.15%	0.00%
24	Bandhan Bank	1,02,301	90.82%	9.18%	0.00%
25	Karnataka Bank	88,423	94.42%	5.58%	0.00%
26	Saraswat Bank	70,080	95.79%	3.87%	0.34%
27	Standard Chartered	62,585	96.21%	3.79%	0.00%
28	The Kalupur Commercial Co-operative Bank Ltd	54,687	96.32%	3.60%	0.07%
29	Punjab and Sind Bank	53,066	95.91%	4.06%	0.03%
30	Karur Vysya Bank	46,061	92.60%	7.40%	0.00%
31	Equitas Small Finance Bank	41,859	96.65%	3.35%	0.00%
32	South Indian Bank	40,202	94.06%	5.94%	0.00%
33	DCB Bank Ltd	32,443	96.50%	3.50%	0.00%
34	Tamilnad Mercantile Bank	29,676	95.57%	4.43%	0.00%
35	RBL Ltd	28,450	90.44%	9.56%	0.00%
36	DBS Bank India Limited	26,992	98.98%	1.02%	0.00%
37	City Union Bank	26,375	92.97%	7.02%	0.01%
38	HSBC	22,554	93.72%	1.16%	5.12%
39	Surat People Cooperative Bank	21,839	93.45%	6.55%	0.00%
40	Jammu and Kashmir Bank	19,349	92.86%	7.14%	0.00%
41	Svc co-operative bank ltd	16,952	96.99%	2.87%	0.14%
42	Utkarsh Small Finance Bank Ltd	16,253	93.60%	3.94%	2.47%
43	TJSB Sahakari Bank Ltd	14,658	92.43%	7.57%	0.00%
44	The Ahmedabad Mercantile Co- op. Bank Ltd	10,778	98.91%	1.04%	0.06%
45	Janata Sahakari Bank Ltd. Pune	5,427	92.37%	7.63%	0.00%
46	CSB Bank Ltd	4,594	94.32%	5.68%	0.00%
47	Nutan Nagrik Sahakari Bank	4,516	95.95%	3.79%	0.27%
48	Dhanlaxmi Bank Ltd	4,505	92.28%	7.72%	0.00%
49	GP PARSIK BANK	3,253	97.36%	2.64%	0.00%
50	Jana Small Finance Bank	1,481	0.00%	53.54%	46.46%
51	Deutsche Bank	797	91.72%	0.00%	8.28%

Note:

Cases which are expired (after the specified time limit) have been excluded.

Remarks

Mandate Creation means a transaction where the customer has created a successful block of amount in the bank account for an IPO application.

UPI IPO Remitter - Mandate Execution (Dec'24)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	7,52,921	100%	0.00%	0.00%
2	HDFC BANK LTD	4,20,242	100%	0.00%	0.00%
3	Bank of Baroda	2,55,592	100%	0.00%	0.00%
4	ICICI Bank	2,30,945	100%	0.00%	0.00%
5	Axis Bank Ltd.	1,76,664	100%	0.00%	0.00%
6	Punjab National Bank	1,50,955	100%	0.00%	0.00%
7	Kotak Mahindra Bank	1,16,518	100%	0.00%	0.00%
8	Bank of India	1,04,503	100%	0.00%	0.00%
9	Union Bank of India	1,02,589	100%	0.00%	0.00%
10	Canara Bank	76,601	99.98%	0.02%	0.00%
11	Central Bank Of India	44,226	100%	0.00%	0.00%
12	IDBI Bank Limited	40,640	100%	0.00%	0.00%
13	Indian Bank	35,265	100%	0.00%	0.00%
14	INDUSIND BANK	25,389	100%	0.00%	0.00%
15	UCO Bank	24,096	100%	0.00%	0.00%
16	IDFC FIRST Bank	22,834	100%	0.00%	0.00%
17	Yes Bank Ltd	20,825	100%	0.00%	0.00%
18	Bank of Maharashtra	19,146	100%	0.00%	0.00%
19	Indian Overseas Bank	15,994	100%	0.00%	0.00%
20	AU small Finance Bank	15,625	100%	0.00%	0.00%
21	Federal Bank	14,135	100%	0.00%	0.00%
22	The Mehsana Urban Co-Operative Bank Ltd.	11,374	100%	0.00%	0.00%
23	Bandhan Bank	8,481	100%	0.00%	0.00%
24	Rajkot Nagrik Sahakari Bank Ltd.	8,294	100%	0.00%	0.00%
25	Karnataka Bank	7,951	100%	0.00%	0.00%
26	Saraswat Bank	5,735	100%	0.00%	0.00%
27	Standard Chartered	5,602	100%	0.00%	0.00%
28	Punjab and Sind Bank	4,695	100%	0.00%	0.00%
29	South Indian Bank	4,489	100%	0.00%	0.00%
30	The Kalupur Commercial Co-operative Bank Ltd	4,162	100%	0.00%	0.00%
31	Karur Vysya Bank	3,912	99.97%	0.03%	0.00%
32	DBS Bank India Limited	3,440	100%	0.00%	0.00%
33	Equitas Small Finance Bank	3,039	100%	0.00%	0.00%
34	DCB Bank Ltd	2,831	100%	0.00%	0.00%
35	Tamilnad Mercantile Bank	2,575	100%	0.00%	0.00%
36	RBL Ltd	2,405	100%	0.00%	0.00%
37	City Union Bank	2,305	100%	0.00%	0.00%
38	Jammu and Kashmir Bank	1,933	100%	0.00%	0.00%
39	HSBC	1,897	100%	0.00%	0.00%
40	Surat People Cooperative Bank	1,720	100%	0.00%	0.00%
41	Utkarsh Small Finance Bank Ltd	1,458	100%	0.00%	0.00%
42	Svc co-operative bank ltd	1,357	100%	0.00%	0.00%
43	TJSB Sahakari Bank Ltd	1,090	100%	0.00%	0.00%
44	The Ahmedabad Mercantile Co- op. Bank Ltd	869	100%	0.00%	0.00%
45	Dhanlaxmi Bank Ltd	480	100%	0.00%	0.00%
46	CSB Bank Ltd	470	100%	0.00%	0.00%
47	Janata Sahakari Bank Ltd. Pune	456	100%	0.00%	0.00%
48	Nutan Nagrik Sahakari Bank	390	100%	0.00%	0.00%
49	GP PARSIK BANK	221	100%	0.00%	0.00%
50	Deutsche Bank	55	100%	0.00%	0.00%
51	Jana Small Finance Bank	0	0.00%	0.00%	0.00%

Note:

Mandate execution relate only to IPO applications for which the shares have been allotted.
Business Declines (BD) and Technical Declines (TD) are at the time of online transactions and such declines are manually processed within 24 hrs to 48 hrs.

Remarks

Mandate Execution means transaction where the customer has applied for an IPO and has been allotted shares for which the funds are debited from the applicant’s account.

IPO Banks Performance (Nov'24)

UPI IPO Remitter - Mandate Creation (Nov'24)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	17,39,187	93.33%	6.67%	0.00%
2	HDFC BANK LTD	10,11,133	95.38%	4.57%	0.06%
3	Bank of Baroda	5,45,116	93.93%	5.32%	0.74%
4	Axis Bank Ltd.	4,28,787	95.14%	4.44%	0.42%
5	ICICI Bank	4,26,812	95.29%	4.49%	0.22%
6	Punjab National Bank	3,12,147	95.14%	4.86%	0.00%
7	Union Bank of India	2,72,094	84.88%	4.35%	10.77%
8	Kotak Mahindra Bank	2,21,591	94.33%	5.67%	0.00%
9	Bank of India	2,17,294	95.04%	4.96%	0.00%
10	Canara Bank	1,69,465	94.87%	5.13%	0.00%
11	IDBI Bank Limited	93,160	94.88%	1.36%	3.76%
12	Central Bank Of India	92,711	95.85%	3.60%	0.55%
13	Indian Bank	75,330	93.21%	6.78%	0.01%
14	IDFC FIRST Bank	65,145	93.96%	6.02%	0.02%
15	INDUSIND BANK	57,936	94.77%	5.02%	0.21%
16	UCO Bank	51,915	90.70%	9.30%	0.00%
17	Yes Bank Ltd	51,105	90.16%	9.83%	0.01%
18	Bank of Maharashtra	46,885	94.43%	5.27%	0.30%
19	Federal Bank	36,011	80.29%	19.71%	0.00%
20	Indian Overseas Bank	35,909	94.75%	5.24%	0.00%
21	AU small Finance Bank	35,396	94.86%	5.13%	0.01%
22	The Mehsana Urban Co-Operative Bank Ltd.	22,687	96.32%	3.68%	0.00%
23	Bandhan Bank	19,972	89.04%	10.96%	0.00%
24	Karnataka Bank	19,246	92.17%	7.83%	0.00%
25	Standard Chartered	17,046	94.94%	5.06%	0.00%
26	Rajkot Nagrik Sahakari Bank Ltd.	16,128	96.37%	3.63%	0.00%
27	Saraswat Bank	14,239	95.18%	4.78%	0.04%
28	South Indian Bank	10,689	93.11%	6.89%	0.00%
29	Karur Vysya Bank	10,247	91.09%	8.91%	0.00%
30	Punjab and Sind Bank	10,012	94.29%	5.69%	0.02%
31	Equitas Small Finance Bank	8,091	95.41%	4.59%	0.00%
32	The Kalupur Commercial Co-operative Bank Ltd	7,959	95.87%	3.87%	0.26%
33	DBS Bank India Limited	6,148	98.81%	1.19%	0.00%
34	RBL Ltd	6,117	87.95%	12.05%	0.00%
35	DCB Bank Ltd	6,106	95.71%	4.29%	0.00%
36	HSBC	5,998	93.70%	1.43%	4.87%
37	City Union Bank	5,810	92.56%	6.99%	0.45%
38	Tamilnad Mercantile Bank	5,749	94.07%	5.93%	0.00%
39	Jammu and Kashmir Bank	4,962	90.04%	9.96%	0.00%
40	Svc co-operative bank ltd	3,676	95.54%	4.05%	0.41%
41	Surat People Cooperative Bank	3,620	93.98%	6.02%	0.00%
42	TJSB Sahakari Bank Ltd	3,218	93.94%	6.06%	0.00%
43	Utkarsh Small Finance Bank Ltd	3,008	94.65%	2.19%	3.16%
44	The Ahmedabad Mercantile Co- op. Bank Ltd	1,548	98.97%	1.03%	0.00%
45	Janata Sahakari Bank Ltd. Pune	1,324	93.66%	6.34%	0.00%
46	Dhanlaxmi Bank Ltd	1,201	90.26%	9.74%	0.00%
47	CSB Bank Ltd	1,159	90.34%	9.66%	0.00%
48	GP PARSIK BANK	775	97.81%	2.19%	0.00%
49	Nutan Nagrik Sahakari Bank	678	95.28%	4.72%	0.00%
50	Jana Small Finance Bank	527	29.41%	70.59%	0.00%
51	Deutsche Bank	255	93.73%	0.00%	6.27%

Note:

Cases which are expired (after the specified time limit) have been excluded.

Remarks

Mandate Creation means a transaction where the customer has created a successful block of amount in the bank account for an IPO application.

UPI IPO Remitter - Mandate Execution (Nov'24)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	4,44,373	100.00%	0.00%	0.00%
2	HDFC BANK LTD	2,78,179	100.00%	0.00%	0.00%
3	ICICI Bank	1,79,390	100.00%	0.00%	0.00%
4	Axis Bank Ltd.	1,18,486	100.00%	0.00%	0.00%
5	Bank of Baroda	1,09,393	100.00%	0.00%	0.00%
6	Punjab National Bank	81,261	100.00%	0.00%	0.00%
7	Kotak Mahindra Bank	72,455	100.00%	0.00%	0.00%
8	Union Bank of India	61,703	100.00%	0.00%	0.00%
9	Bank of India	50,345	99.99%	0.01%	0.00%
10	Canara Bank	45,891	100.00%	0.00%	0.00%
11	IDBI Bank Limited	23,788	100.00%	0.00%	0.00%
12	Central Bank Of India	22,443	100.00%	0.00%	0.00%
13	Indian Bank	20,209	100.00%	0.00%	0.00%
14	IDFC FIRST Bank	15,534	100.00%	0.00%	0.00%
15	INDUSIND BANK	14,204	100.00%	0.00%	0.00%
16	Bank of Maharashtra	13,039	99.99%	0.01%	0.00%
17	UCO Bank	12,240	100.00%	0.00%	0.00%
18	Yes Bank Ltd	11,389	100.00%	0.00%	0.00%
19	Federal Bank	10,046	100.00%	0.00%	0.00%
20	Indian Overseas Bank	9,537	99.93%	0.07%	0.00%
21	AU small Finance Bank	6,869	100.00%	0.00%	0.00%
22	Standard Chartered	5,774	99.95%	0.00%	0.00%
23	Karnataka Bank	5,552	100.00%	0.00%	0.00%
24	Bandhan Bank	4,246	100.00%	0.00%	0.00%
25	Saraswat Bank	4,086	99.98%	0.02%	0.00%
26	South Indian Bank	3,098	100.00%	0.00%	0.00%
27	The Mehsana Urban Co-Operative Bank Ltd.	3,058	100.00%	0.00%	0.00%
28	Karur Vysya Bank	2,909	100.00%	0.00%	0.00%
29	DBS Bank India Limited	2,863	100.00%	0.00%	0.00%
30	Punjab and Sind Bank	2,547	100.00%	0.00%	0.00%
31	HSBC	2,070	100.00%	0.00%	0.00%
32	Rajkot Nagrik Sahakari Bank Ltd.	1,988	100.00%	0.00%	0.00%
33	City Union Bank	1,772	100.00%	0.00%	0.00%
34	Equitas Small Finance Bank	1,596	99.94%	0.06%	0.00%
35	RBL Ltd	1,569	100.00%	0.00%	0.00%
36	DCB Bank Ltd	1,476	100.00%	0.00%	0.00%
37	Jammu and Kashmir Bank	1,450	100.00%	0.00%	0.00%
38	The Kalupur Commercial Co-operative Bank Ltd	1,379	100.00%	0.00%	0.00%
39	Tamilnad Mercantile Bank	1,333	100.00%	0.00%	0.00%
40	Svc co-operative bank ltd	1,021	100.00%	0.00%	0.00%
41	TJSB Sahakari Bank Ltd	943	100.00%	0.00%	0.00%
42	Surat People Cooperative Bank	593	100.00%	0.00%	0.00%
43	Utkarsh Small Finance Bank Ltd	528	100.00%	0.00%	0.00%
44	Janata Sahakari Bank Ltd. Pune	407	100.00%	0.00%	0.00%
45	Dhanlaxmi Bank Ltd	332	100.00%	0.00%	0.00%
46	CSB Bank Ltd	321	100.00%	0.00%	0.00%
47	The Ahmedabad Mercantile Co- op. Bank Ltd	237	100.00%	0.00%	0.00%
48	GP PARSIK BANK	233	100.00%	0.00%	0.00%
49	Nutan Nagrik Sahakari Bank	118	100.00%	0.00%	0.00%
50	Deutsche Bank	62	100.00%	0.00%	0.00%
51	Jana Small Finance Bank	0	0.00%	0.00%	0.00%

Note:

Mandate execution relate only to IPO applications for which the shares have been allotted.
Business Declines (BD) and Technical Declines (TD) are at the time of online transactions and such declines are manually processed within 24 hrs to 48 hrs.

Remarks

Mandate Execution means transaction where the customer has applied for an IPO and has been allotted shares for which the funds are debited from the applicant’s account.

IPO Banks Performance (Oct'24)

UPI IPO Remitter - Mandate Creation (Oct'24)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	30,68,615	93.52%	6.47%	0.00%
2	HDFC BANK LTD	17,82,172	95.17%	4.76%	0.07%
3	Bank of Baroda	10,33,894	93.90%	5.99%	0.11%
4	Axis Bank Ltd.	7,43,285	95.36%	4.41%	0.23%
5	ICICI Bank	7,32,459	95.45%	4.54%	0.02%
6	Punjab National Bank	5,44,163	95.37%	4.63%	0.01%
7	Union Bank of India	4,44,953	95.37%	4.63%	0.00%
8	Kotak Mahindra Bank	4,23,051	94.59%	5.41%	0.00%
9	Bank of India	4,15,558	95.52%	4.47%	0.00%
10	Canara Bank	3,00,581	94.97%	5.02%	0.00%
11	IDBI Bank Limited	1,67,854	94.87%	1.47%	3.66%
12	Central Bank Of India	1,55,174	86.90%	6.35%	6.75%
13	Indian Bank	1,37,720	91.63%	8.25%	0.13%
14	IDFC FIRST Bank	1,07,550	93.99%	6.01%	0.01%
15	INDUSIND BANK	98,590	95.02%	4.96%	0.03%
16	UCO Bank	95,921	89.53%	10.47%	0.00%
17	Bank of Maharashtra	95,078	94.82%	5.18%	0.00%
18	Yes Bank Ltd	86,161	91.58%	8.42%	0.00%
19	Indian Overseas Bank	65,803	93.68%	6.32%	0.00%
20	AU small Finance Bank	61,289	94.85%	5.15%	0.00%
21	Federal Bank	59,061	92.36%	7.64%	0.00%
22	The Mehsana Urban Co-Operative Bank Ltd.	40,292	96.24%	3.76%	0.00%
23	Bandhan Bank	34,953	89.25%	10.75%	0.00%
24	Karnataka Bank	34,897	93.30%	6.69%	0.01%
25	Rajkot Nagrik Sahakari Bank Ltd.	28,993	96.29%	3.71%	0.00%
26	Saraswat Bank	28,509	94.77%	5.19%	0.04%
27	Standard Chartered	28,072	95.22%	4.78%	0.00%
28	Karur Vysya Bank	19,301	91.29%	8.71%	0.00%
29	Punjab and Sind Bank	18,065	94.79%	5.13%	0.08%
30	South Indian Bank	18,029	92.93%	7.07%	0.00%
31	The Kalupur Commercial Co-operative Bank Ltd	15,636	95.59%	3.83%	0.58%
32	EQUITAS SMALL FINANCE BANK	14,417	95.03%	4.97%	0.00%
33	RBL Ltd	12,554	71.66%	10.74%	17.60%
34	DBS Bank India Limited	10,693	98.75%	1.25%	0.00%
35	City Union Bank	10,647	92.84%	7.15%	0.01%
36	DCB Bank Ltd	10,603	95.44%	4.56%	0.00%
37	Tamilnad Mercantile Bank	10,537	94.15%	5.85%	0.00%
38	HSBC	9,261	93.29%	1.20%	5.51%
39	Jammu and Kashmir Bank	8,592	89.12%	10.88%	0.00%
40	Svc co-operative bank ltd	6,968	95.65%	4.23%	0.11%
41	TJSB Sahakari Bank Ltd	6,712	92.67%	7.33%	0.00%
42	Surat People Cooperative Bank	5,743	80.48%	19.52%	0.00%
43	Utkarsh Small Finance Bank Ltd	5,051	91.49%	3.52%	4.99%
44	The Ahmedabad Mercantile Co- op. Bank Ltd	3,120	98.56%	1.38%	0.06%
45	Janata Sahakari Bank Ltd. Pune	2,507	91.18%	8.82%	0.00%
46	Dhanlaxmi Bank Ltd	1,859	90.32%	9.68%	0.00%
47	CSB Bank Ltd	1,781	92.08%	7.92%	0.00%
48	GP PARSIK BANK	1,475	97.29%	2.71%	0.00%
49	Nutan Nagrik Sahakari Bank	1,250	95.68%	4.32%	0.00%
50	Deutsche Bank	394	89.59%	0.00%	10.41%

Note:

Cases which are expired (after the specified time limit) have been excluded.

Remarks

Mandate Creation means a transaction where the customer has created a successful block of amount in the bank account for an IPO application.

UPI IPO Remitter - Mandate Execution (Oct'24)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	6,88,712	100.00%	0.00%	0.00%
2	HDFC BANK LTD	4,19,950	100.00%	0.00%	0.00%
3	ICICI Bank	2,44,367	100.00%	0.00%	0.00%
4	Bank of Baroda	2,04,605	100.00%	0.00%	0.00%
5	Axis Bank Ltd.	1,75,585	100.00%	0.00%	0.00%
6	Punjab National Bank	1,29,771	100.00%	0.00%	0.00%
7	Kotak Mahindra Bank	1,09,636	100.00%	0.00%	0.00%
8	Union Bank of India	1,01,667	100.00%	0.00%	0.00%
9	Bank of India	90,288	100.00%	0.00%	0.00%
10	Canara Bank	73,299	100.00%	0.00%	0.00%
11	IDBI Bank Limited	38,887	100.00%	0.00%	0.00%
12	Central Bank Of India	35,344	100.00%	0.00%	0.00%
13	Indian Bank	33,434	100.00%	0.00%	0.00%
14	Bank of Maharashtra	23,060	100.00%	0.00%	0.00%
15	INDUSIND BANK	21,763	100.00%	0.00%	0.00%
16	UCO Bank	20,847	100.00%	0.00%	0.00%
17	IDFC FIRST Bank	20,451	100.00%	0.00%	0.00%
18	Yes Bank Ltd	17,824	100.00%	0.00%	0.00%
19	Federal Bank	16,057	100.00%	0.00%	0.00%
20	Indian Overseas Bank	15,932	99.83%	0.17%	0.00%
21	AU small Finance Bank	11,316	99.94%	0.06%	0.00%
22	Karnataka Bank	8,943	100.00%	0.00%	0.00%
23	Standard Chartered	7,695	99.97%	0.03%	0.00%
24	Bandhan Bank	7,255	100.00%	0.00%	0.00%
25	Saraswat Bank	6,953	100.00%	0.00%	0.00%
26	The Mehsana Urban Co-Operative Bank Ltd.	6,701	99.99%	0.01%	0.00%
27	South Indian Bank	4,989	100.00%	0.00%	0.00%
28	Karur Vysya Bank	4,958	99.92%	0.08%	0.00%
29	Rajkot Nagrik Sahakari Bank Ltd.	4,606	100.00%	0.00%	0.00%
30	Punjab and Sind Bank	4,338	100.00%	0.00%	0.00%
31	DBS Bank India Limited	3,784	100.00%	0.00%	0.00%
32	City Union Bank	2,858	100.00%	0.00%	0.00%
33	The Kalupur Commercial Co-operative Bank Ltd	2,838	100.00%	0.00%	0.00%
34	EQUITAS SMALL FINANCE BANK	2,739	100.00%	0.00%	0.00%
35	Tamilnad Mercantile Bank	2,527	100.00%	0.00%	0.00%
36	Jammu and Kashmir Bank	2,485	100.00%	0.00%	0.00%
37	HSBC	2,459	100.00%	0.00%	0.00%
38	DCB Bank Ltd	2,308	100.00%	0.00%	0.00%
39	RBL Ltd	2,191	100.00%	0.00%	0.00%
40	Svc co-operative bank ltd	1,725	100.00%	0.00%	0.00%
41	TJSB Sahakari Bank Ltd	1,657	100.00%	0.00%	0.00%
42	Surat People Cooperative Bank	938	100.00%	0.00%	0.00%
43	Utkarsh Small Finance Bank Ltd	759	100.00%	0.00%	0.00%
44	The Ahmedabad Mercantile Co- op. Bank Ltd	670	100.00%	0.00%	0.00%
45	Janata Sahakari Bank Ltd. Pune	645	100.00%	0.00%	0.00%
46	Dhanlaxmi Bank Ltd	489	100.00%	0.00%	0.00%
47	CSB Bank Ltd	462	100.00%	0.00%	0.00%
48	GP PARSIK BANK	390	100.00%	0.00%	0.00%
49	Nutan Nagrik Sahakari Bank	250	100.00%	0.00%	0.00%
50	Deutsche Bank	67	100.00%	0.00%	0.00%

Note:

Mandate execution relate only to IPO applications for which the shares have been allotted.
Business Declines (BD) and Technical Declines (TD) are at the time of online transactions and such declines are manually processed within 24 hrs to 48 hrs.

Remarks

Mandate Execution means transaction where the customer has applied for an IPO and has been allotted shares for which the funds are debited from the applicant’s account.

IPO Banks Performance (Sept'24)

UPI IPO Remitter - Mandate Creation (Sept'24)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	95,63,610	95.00%	5.00%	0.00%
2	HDFC BANK LTD	54,99,906	95.99%	4.00%	0.00%
3	Bank of Baroda	33,65,141	95.17%	4.83%	0.00%
4	Axis Bank Ltd.	23,07,528	96.38%	3.61%	0.00%
5	ICICI Bank	22,51,902	96.03%	3.97%	0.00%
6	Punjab National Bank	17,28,701	95.71%	4.29%	0.00%
7	Union Bank of India	13,52,053	95.20%	4.79%	0.00%
8	Bank of India	13,31,508	95.91%	4.08%	0.01%
9	Kotak Mahindra Bank	12,72,224	95.04%	4.96%	0.00%
10	Canara Bank	8,74,696	95.28%	4.72%	0.00%
11	Central Bank Of India	5,46,997	96.09%	3.90%	0.01%
12	IDBI Bank Limited	5,31,921	95.12%	4.87%	0.00%
13	Indian Bank	4,00,370	93.86%	6.14%	0.00%
14	IDFC FIRST Bank	3,39,868	94.54%	5.46%	0.00%
15	INDUSIND BANK	2,98,819	95.48%	4.52%	0.00%
16	UCO Bank	2,91,535	90.04%	9.96%	0.00%
17	Yes Bank Ltd	2,75,379	91.18%	8.81%	0.01%
18	Bank of Maharashtra	2,61,119	95.27%	4.72%	0.00%
19	AU small Finance Bank	2,03,071	94.93%	5.07%	0.00%
20	Indian Overseas Bank	1,88,274	95.17%	4.82%	0.01%
21	The Mehsana Urban Co-Operative Bank Ltd.	1,56,615	96.11%	3.88%	0.01%
22	Federal Bank	1,55,787	93.70%	6.30%	0.00%
23	Rajkot Nagrik Sahakari Bank Ltd.	1,06,820	96.77%	3.21%	0.01%
24	Bandhan Bank	1,05,076	89.57%	10.43%	0.00%
25	Karnataka Bank	90,692	93.26%	6.73%	0.00%
26	Saraswat Bank	86,265	92.72%	7.28%	0.01%
27	Standard Chartered	79,755	95.96%	4.04%	0.00%
28	The Kalupur Commercial Co-operative Bank Ltd	58,363	94.16%	5.83%	0.01%
29	Punjab and Sind Bank	52,315	94.97%	5.03%	0.00%
30	Karur Vysya Bank	49,469	91.62%	8.38%	0.00%
31	South Indian Bank	46,363	93.22%	6.78%	0.00%
32	EQUITAS SMALL	43,553	95.87%	4.13%	0.00%
33	RBL	32,845	87.69%	12.31%	0.00%
34	DCB Bank Ltd	32,676	95.90%	4.09%	0.00%
35	Tamilnad Mercantile Bank	31,112	94.78%	5.21%	0.01%
36	DBS Bank India Limited	31,055	98.89%	1.11%	0.00%
37	City Union Bank	27,800	93.03%	6.97%	0.00%
38	HSBC	27,650	82.82%	17.16%	0.02%
39	Surat People Cooperative Bank	21,975	87.88%	12.12%	0.00%
40	Jammu and Kashmir Bank	21,029	89.88%	10.12%	0.00%
41	Svc co-operative bank ltd	20,392	96.38%	3.61%	0.00%
42	TJSB Sahakari Bank Ltd	19,240	91.70%	8.28%	0.01%
43	Utkarsh Small Finance Bank Ltd	15,535	91.63%	8.37%	0.01%
44	The Ahmedabad Mercantile Co- op. Bank Ltd	11,466	98.68%	1.31%	0.01%
45	Janata Sahakari Bank Ltd. Pune	7,318	91.50%	8.50%	0.00%
46	Dhanlaxmi Bank Ltd	5,061	92.39%	7.59%	0.02%
47	CSB Bank Ltd	4,828	92.63%	7.37%	0.00%
48	Nutan Nagrik Sahakari Bank	4,362	96.06%	3.94%	0.00%
49	GP PARSIK BANK	3,754	98.00%	2.00%	0.00%
50	Deutsche Bank	991	92.84%	7.16%	0.00%

Note:

Cases which are expired (after the specified time limit) have been excluded.

Remarks

Mandate Creation means a transaction where the customer has created a successful block of amount in the bank account for an IPO application.

UPI IPO Remitter - Mandate Execution (Sept'24)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	4,26,740	100.00%	0.00%	0.00%
2	HDFC BANK LTD	2,57,470	100.00%	0.00%	0.00%
4	ICICI Bank	1,45,351	100.00%	0.00%	0.00%
3	Bank of Baroda	1,41,071	100.00%	0.00%	0.00%
5	Axis Bank Ltd.	1,07,361	100.00%	0.00%	0.00%
6	Punjab National Bank	77,385	100.00%	0.00%	0.00%
7	Kotak Mahindra Bank	75,333	100.00%	0.00%	0.00%
8	Union Bank of India	61,213	100.00%	0.00%	0.00%
9	Bank of India	58,104	100.00%	0.00%	0.00%
10	Canara Bank	40,191	100.00%	0.00%	0.00%
12	IDBI Bank Limited	24,166	100.00%	0.00%	0.00%
11	Central Bank Of India	22,980	100.00%	0.00%	0.00%
13	Indian Bank	18,837	100.00%	0.00%	0.00%
15	IDFC FIRST Bank	13,173	100.00%	0.00%	0.00%
18	Bank of Maharashtra	12,638	100.00%	0.00%	0.00%
14	INDUSIND BANK	12,384	100.00%	0.00%	0.00%
16	UCO Bank	11,902	100.00%	0.00%	0.00%
17	Yes Bank Ltd	11,164	100.00%	0.00%	0.00%
22	Federal Bank	9,985	100.00%	0.00%	0.00%
19	Indian Overseas Bank	8,455	100.00%	0.00%	0.00%
21	AU small Finance Bank	7,117	100.00%	0.00%	0.00%
20	The Mehsana Urban Co-Operative Bank Ltd.	6,027	100.00%	0.00%	0.00%
24	Bandhan Bank	4,331	100.00%	0.00%	0.00%
23	Rajkot Nagrik Sahakari Bank Ltd.	4,290	100.00%	0.00%	0.00%
25	Saraswat Bank	4,198	100.00%	0.00%	0.00%
27	Standard Chartered	4,179	100.00%	0.00%	0.00%
26	Karnataka Bank	4,112	100.00%	0.00%	0.00%
28	The Kalupur Commercial Co-operative Bank Ltd	2,422	100.00%	0.00%	0.00%
32	Punjab and Sind Bank	2,235	100.00%	0.00%	0.00%
30	Karur Vysya Bank	2,201	99.86%	0.14%	0.00%
29	DBS Bank India Limited	2,112	100.00%	0.00%	0.00%
31	South Indian Bank	2,035	100.00%	0.00%	0.00%
33	EQUITAS SMALL FINANCE BANK	1,639	100.00%	0.00%	0.00%
34	Tamilnad Mercantile Bank	1,449	100.00%	0.00%	0.00%
39	HSBC	1,423	100.00%	0.00%	0.00%
37	DCB Bank Ltd	1,365	100.00%	0.00%	0.00%
36	City Union Bank	1,355	100.00%	0.00%	0.00%
38	RBL Ltd	1,265	100.00%	0.00%	0.00%
40	Svc co-operative bank ltd	1,021	100.00%	0.00%	0.00%
42	Jammu and Kashmir Bank	1,003	100.00%	0.00%	0.00%
41	TJSB Sahakari Bank Ltd	872	100.00%	0.00%	0.00%
35	Surat People Cooperative Bank	870	100.00%	0.00%	0.00%
44	Utkarsh Small Finance Bank Ltd	544	100.00%	0.00%	0.00%
43	The Ahmedabad Mercantile Co- op. Bank Ltd	505	100.00%	0.00%	0.00%
45	Janata Sahakari Bank Ltd. Pune	403	100.00%	0.00%	0.00%
46	CSB Bank Ltd	261	100.00%	0.00%	0.00%
47	Dhanlaxmi Bank Ltd	230	100.00%	0.00%	0.00%
49	GP PARSIK BANK	174	100.00%	0.00%	0.00%
48	Nutan Nagrik Sahakari Bank	170	100.00%	0.00%	0.00%
50	Deutsche Bank	38	100.00%	0.00%	0.00%

Note:

Mandate execution relate only to IPO applications for which the shares have been allotted.
Business Declines (BD) and Technical Declines (TD) are at the time of online transactions and such declines are manually processed within 24 hrs to 48 hrs.

Remarks

Mandate Execution means transaction where the customer has applied for an IPO and has been allotted shares for which the funds are debited from the applicant’s account.

IPO Banks Performance (August'24)

UPI IPO Remitter - Mandate Creation (August'24)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	43,88,393	94.73%	5.27%	0.01%
2	HDFC BANK LTD	26,42,517	91.28%	8.71%	0.01%
3	ICICI Bank	10,28,155	95.64%	4.36%	0.01%
4	Bank of Baroda	15,27,562	95.13%	4.86%	0.01%
5	Axis Bank Ltd.	10,68,986	96.30%	3.70%	0.01%
6	Punjab National Bank	7,94,771	95.42%	4.57%	0.01%
7	Kotak Mahindra Bank	5,30,717	94.59%	5.40%	0.01%
8	Union Bank of India	6,67,053	88.71%	11.25%	0.03%
9	Bank of India	6,10,199	95.86%	4.13%	0.01%
10	Canara Bank	3,92,145	94.74%	5.25%	0.01%
11	Central Bank Of India	2,52,232	96.73%	3.26%	0.01%
12	IDBI Bank Limited	2,41,036	95.19%	4.80%	0.01%
13	IDFC FIRST Bank	1,70,121	94.82%	5.18%	0.01%
14	Indian Bank	1,80,199	93.94%	6.06%	0.01%
15	INDUSIND BANK	1,03,761	94.64%	5.35%	0.01%
16	Yes Bank Ltd	1,38,210	92.14%	7.85%	0.01%
17	UCO Bank	1,39,044	90.91%	9.08%	0.01%
18	AU small Finance Bank	97,969	95.31%	4.69%	0.01%
19	Bank of Maharashtra	99,981	94.68%	5.31%	0.01%
20	The Mehsana Urban Co-Operative Bank Ltd.	80,019	95.06%	4.91%	0.03%
21	Indian Overseas Bank	86,009	92.52%	7.47%	0.01%
22	Rajkot Nagrik Sahakari Bank Ltd.	58,975	96.66%	3.31%	0.03%
23	Federal Bank	68,003	92.91%	7.09%	0.00%
24	Bandhan Bank	49,866	88.80%	11.19%	0.01%
25	Standard Chartered	38,207	95.84%	4.16%	0.00%
26	Karnataka Bank	39,992	92.93%	7.06%	0.00%
27	Saraswat Bank	35,716	95.33%	4.66%	0.01%
28	The Kalupur Commercial Co-operative Bank Ltd	26,885	96.37%	3.63%	0.00%
29	Equitas Small Finance Bank	21,626	95.73%	4.27%	0.00%
30	Punjab and Sind Bank	23,000	94.55%	5.45%	0.00%
31	DBS Bank India Limited	14,325	99.04%	0.96%	0.00%
32	Karur Vysya Bank	22,852	90.71%	9.29%	0.00%
33	South Indian Bank	22,105	93.35%	6.63%	0.02%
34	DCB Bank Ltd	16,088	95.26%	4.73%	0.01%
35	Tamilnad Mercantile Bank	14,850	94.36%	5.62%	0.01%
36	RBL Bank Ltd	14,278	86.20%	13.80%	0.00%
37	Surat People Cooperative Bank	9,271	86.16%	13.82%	0.02%
38	City Union Bank	13,244	91.78%	8.22%	0.00%
39	HSBC	12,655	93.99%	6.01%	0.00%
40	Utkarsh Small Finance Bank Ltd	8,745	93.25%	6.75%	0.00%
41	Svc co-operative bank ltd	8,434	96.47%	3.52%	0.01%
42	TJSB Sahakari Bank Ltd	7,140	93.50%	6.48%	0.01%
43	Jammu and Kashmir Bank	8,861	89.66%	10.34%	0.00%
44	The Ahmedabad Mercantile Co- op. Bank Ltd	5,810	98.83%	1.14%	0.03%
45	Nutan Nagrik Sahakari Bank	2,147	95.06%	4.89%	0.05%
46	Janata Sahakari Bank Ltd. Pune	2,675	92.79%	7.21%	0.00%
47	Dhanlaxmi Bank Ltd	2,380	89.33%	10.67%	0.00%
48	CSB Bank Ltd	2,160	92.45%	7.50%	0.05%
49	GP PARSIK BANK	1,314	98.48%	1.52%	0.00%
50	Deutsche Bank	503	91.45%	8.55%	0.00%

Note:

Cases which are expired (after the specified time limit) have been excluded.

Remarks

Mandate Creation means a transaction where the customer has created a successful block of amount in the bank account for an IPO application.

UPI IPO Remitter - Mandate Execution (August'24)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	3,56,281	100.00%	0.00%	0.00%
2	HDFC BANK LTD	2,03,893	100.00%	0.00%	0.00%
3	Bank of Baroda	1,13,143	100.00%	0.00%	0.00%
4	ICICI Bank	1,20,948	100.00%	0.00%	0.00%
5	Axis Bank Ltd.	86,983	100.00%	0.00%	0.00%
6	Punjab National Bank	64,317	100.00%	0.00%	0.00%
7	Kotak Mahindra Bank	50,862	100.00%	0.00%	0.00%
8	Union Bank of India	49,889	100.00%	0.00%	0.00%
9	Bank of India	46,912	100.00%	0.00%	0.00%
10	Canara Bank	33,383	100.00%	0.00%	0.00%
11	Central Bank Of India	19,835	100.00%	0.00%	0.00%
12	IDBI Bank Limited	19,209	100.00%	0.00%	0.00%
13	Indian Bank	15,649	100.00%	0.00%	0.00%
14	INDUSIND BANK	9,012	100.00%	0.00%	0.00%
15	IDFC FIRST Bank	10,754	100.00%	0.00%	0.00%
16	UCO Bank	10,360	100.00%	0.00%	0.00%
17	Yes Bank Ltd	9,840	100.00%	0.00%	0.00%
18	Bank of Maharashtra	8,660	100.00%	0.00%	0.00%
19	Indian Overseas Bank	7,028	100.00%	0.00%	0.00%
20	The Mehsana Urban Co-Operative Bank Ltd.	5,295	100.00%	0.00%	0.00%
21	AU small Finance Bank	5,772	100.00%	0.00%	0.00%
22	Federal Bank	6,507	100.00%	0.00%	0.00%
23	Rajkot Nagrik Sahakari Bank Ltd.	3,744	100.00%	0.00%	0.00%
24	Bandhan Bank	3,552	100.00%	0.00%	0.00%
25	Saraswat Bank	3,079	100.00%	0.00%	0.00%
26	Karnataka Bank	3,668	100.00%	0.00%	0.00%
27	Standard Chartered	3,616	100.00%	0.00%	0.00%
28	The Kalupur Commercial Co-operative Bank Ltd	1,834	100.00%	0.00%	0.00%
29	DBS Bank India Limited	1,982	100.00%	0.00%	0.00%
30	Karur Vysya Bank	2,096	99.95%	0.05%	0.00%
31	South Indian Bank	1,984	100.00%	0.00%	0.00%
32	Punjab and Sind Bank	1,802	100.00%	0.00%	0.00%
33	Equitas Small Finance Bank	1,341	100.00%	0.00%	0.00%
34	Tamilnad Mercantile Bank	1,212	100.00%	0.00%	0.00%
35	Surat People Cooperative Bank	530	100.00%	0.00%	0.00%
36	City Union Bank	1,251	100.00%	0.00%	0.00%
37	DCB Bank Ltd	1,168	100.00%	0.00%	0.00%
38	RBL Bank Ltd	1,006	100.00%	0.00%	0.00%
39	HSBC	1,136	100.00%	0.00%	0.00%
40	Svc co-operative bank ltd	687	100.00%	0.00%	0.00%
41	TJSB Sahakari Bank Ltd	651	100.00%	0.00%	0.00%
42	Jammu and Kashmir Bank	841	100.00%	0.00%	0.00%
43	The Ahmedabad Mercantile Co- op. Bank Ltd	484	100.00%	0.00%	0.00%
44	Utkarsh Small Finance Bank Ltd	511	100.00%	0.00%	0.00%
45	Janata Sahakari Bank Ltd. Pune	245	100.00%	0.00%	0.00%
46	CSB Bank Ltd	216	100.00%	0.00%	0.00%
47	Dhanlaxmi Bank Ltd	234	100.00%	0.00%	0.00%
48	Nutan Nagrik Sahakari Bank	136	100.00%	0.00%	0.00%
49	GP PARSIK BANK	117	100.00%	0.00%	0.00%
50	Deutsche Bank	12	100.00%	0.00%	0.00%

Note:

Mandate execution relate only to IPO applications for which the shares have been allotted.
Business Declines (BD) and Technical Declines (TD) are at the time of online transactions and such declines are manually processed within 24 hrs to 48 hrs.

Remarks

Mandate Execution means transaction where the customer has applied for an IPO and has been allotted shares for which the funds are debited from the applicant’s account.

IPO Banks Performance (July'24)

UPI IPO Remitter - Mandate Creation (July'24)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	18,40,453	93.10%	5.90%	1.00%
2	HDFC BANK LTD	11,42,800	94.71%	5.17%	0.11%
3	ICICI Bank	6,78,571	96.10%	3.87%	0.04%
4	Bank of Baroda	6,72,876	93.66%	5.16%	1.18%
5	Axis Bank Ltd.	4,70,994	95.28%	4.67%	0.05%
6	Punjab National Bank	3,39,497	90.96%	7.03%	2.00%
7	Kotak Mahindra Bank	2,93,639	94.49%	5.10%	0.41%
8	Union Bank of India	2,69,907	93.51%	6.14%	0.35%
9	Bank of India	2,65,808	94.73%	4.90%	0.37%
10	Canara Bank	1,58,762	92.63%	6.97%	0.41%
11	Central Bank Of India	1,08,664	94.32%	4.12%	1.56%
12	IDBI Bank Limited	1,04,939	93.81%	2.45%	3.74%
13	IDFC FIRST Bank	79,534	93.13%	6.55%	0.32%
14	Indian Bank	76,582	93.06%	6.86%	0.08%
15	INDUSIND BANK	69,453	94.60%	5.35%	0.05%
16	Yes Bank Ltd	67,947	91.11%	8.21%	0.68%
17	UCO Bank	56,930	89.75%	9.96%	0.29%
18	AU small Finance Bank	45,302	94.36%	5.62%	0.01%
19	Bank of Maharashtra	40,729	92.53%	6.11%	1.36%
20	The Mehsana Urban Co-Operative Bank Ltd.	39,828	95.23%	4.47%	0.30%
21	Indian Overseas Bank	35,480	93.72%	6.15%	0.13%
22	Rajkot Nagrik Sahakari Bank Ltd.	29,035	95.49%	4.39%	0.12%
23	Federal Bank	29,007	92.70%	7.27%	0.03%
24	Bandhan Bank	20,900	89.14%	10.82%	0.03%
25	Standard Chartered	16,719	94.30%	5.65%	0.05%
26	Karnataka Bank	16,243	88.56%	7.57%	3.88%
27	Saraswat Bank	15,572	93.84%	5.36%	0.80%
28	The Kalupur Commercial Co-operative Bank Ltd	12,769	95.11%	4.60%	0.29%
29	Citibank	12,437	73.39%	26.61%	0.00%
30	Equitas Small Finance Bank	10,161	94.92%	4.66%	0.41%
31	Punjab and Sind Bank	9,489	92.18%	7.57%	0.25%
32	DBS Bank India Limited	9,340	95.52%	1.76%	2.72%
33	Karur Vysya Bank	9,319	90.05%	8.82%	1.13%
34	South Indian Bank	9,291	92.42%	7.56%	0.02%
35	DCB Bank Ltd	7,421	90.97%	4.81%	4.22%
36	Tamilnad Mercantile Bank	6,526	93.46%	6.45%	0.09%
37	RBL Bank	6,445	81.46%	14.68%	3.86%
38	Surat People Cooperative Bank	5,717	91.88%	7.63%	0.49%
39	City Union Bank	5,635	91.61%	7.47%	0.92%
40	HSBC	5,527	92.24%	2.15%	5.61%
41	Utkarsh Small Finance Bank Ltd	4,064	91.39%	3.89%	4.72%
42	Svc co-operative bank ltd	3,696	95.18%	3.73%	1.08%
43	TJSB Sahakari Bank Ltd	2,992	92.88%	7.05%	0.07%
44	Jammu and Kashmir Bank	2,922	85.93%	13.62%	0.44%
45	The Ahmedabad Mercantile Co- op. Bank Ltd	2,831	94.24%	1.87%	3.89%
46	Nutan Nagrik Sahakari Bank	1,178	88.46%	5.69%	5.86%
47	Janata Sahakari Bank Ltd. Pune	1,163	92.18%	7.65%	0.17%
48	Dhanlaxmi Bank Ltd	913	91.02%	8.65%	0.33%
49	CSB Bank Ltd	867	87.43%	10.96%	1.61%
50	GP PARSIK BANK	699	83.83%	4.58%	11.59%
51	Deutsche Bank	237	88.19%	3.38%	8.44%

Note:

Cases which are expired (after the specified time limit) have been excluded.

Remarks

Mandate Creation means a transaction where the customer has created a successful block of amount in the bank account for an IPO application.

UPI IPO Remitter - Mandate Execution (July'24)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	1,44,857	100.00%	0.00%	0.00%
2	HDFC BANK LTD	84,044	100.00%	0.00%	0.00%
3	Bank of Baroda	52,702	100.00%	0.00%	0.00%
4	ICICI Bank	46,398	100.00%	0.00%	0.00%
5	Axis Bank Ltd.	35,440	100.00%	0.00%	0.00%
6	Punjab National Bank	26,383	100.00%	0.00%	0.00%
7	Kotak Mahindra Bank	21,983	100.00%	0.00%	0.00%
8	Union Bank of India	21,088	100.00%	0.00%	0.00%
9	Bank of India	21,034	100.00%	0.00%	0.00%
10	Canara Bank	12,799	100.00%	0.00%	0.00%
11	Central Bank Of India	8,828	100.00%	0.00%	0.00%
12	IDBI Bank Limited	8,005	100.00%	0.00%	0.00%
13	Indian Bank	6,327	100.00%	0.00%	0.00%
14	INDUSIND BANK	4,653	100.00%	0.00%	0.00%
15	IDFC FIRST Bank	4,521	100.00%	0.00%	0.00%
16	UCO Bank	4,358	100.00%	0.00%	0.00%
17	Yes Bank Ltd	4,289	100.00%	0.00%	0.00%
18	Bank of Maharashtra	3,535	100.00%	0.00%	0.00%
19	Indian Overseas Bank	2,916	100.00%	0.00%	0.00%
20	The Mehsana Urban Co-Operative Bank Ltd.	2,646	100.00%	0.00%	0.00%
21	AU small Finance Bank	2,425	100.00%	0.00%	0.00%
22	Federal Bank	2,399	100.00%	0.00%	0.00%
23	Rajkot Nagrik Sahakari Bank Ltd.	2,001	100.00%	0.00%	0.00%
24	Bandhan Bank	1,420	100.00%	0.00%	0.00%
25	Saraswat Bank	1,366	100.00%	0.00%	0.00%
26	Karnataka Bank	1,293	100.00%	0.00%	0.00%
27	Standard Chartered	1,290	100.00%	0.00%	0.00%
28	Citibank	1,210	100.00%	0.00%	0.00%
29	The Kalupur Commercial Co-operative Bank Ltd	958	100.00%	0.00%	0.00%
30	DBS Bank India Limited	729	100.00%	0.00%	0.00%
31	Karur Vysya Bank	722	99.86%	0.14%	0.00%
32	South Indian Bank	720	100.00%	0.00%	0.00%
33	Punjab and Sind Bank	691	100.00%	0.00%	0.00%
34	Equitas Small Finance Bank	564	100.00%	0.00%	0.00%
35	Tamilnad Mercantile Bank	504	100.00%	0.00%	0.00%
36	Surat People Cooperative Bank	474	100.00%	0.00%	0.00%
37	City Union Bank	440	100.00%	0.00%	0.00%
38	DCB Bank Ltd	429	100.00%	0.00%	0.00%
39	RBL Bank	408	100.00%	0.00%	0.00%
40	HSBC	392	100.00%	0.00%	0.00%
41	Svc co-operative bank ltd	288	100.00%	0.00%	0.00%
42	TJSB Sahakari Bank Ltd	246	100.00%	0.00%	0.00%
43	Jammu and Kashmir Bank	227	100.00%	0.00%	0.00%
44	The Ahmedabad Mercantile Co- op. Bank Ltd	214	100.00%	0.00%	0.00%
45	Utkarsh Small Finance Bank Ltd	198	100.00%	0.00%	0.00%
46	Janata Sahakari Bank Ltd. Pune	111	100.00%	0.00%	0.00%
47	CSB Bank Ltd	75	100.00%	0.00%	0.00%
48	Dhanlaxmi Bank Ltd	68	100.00%	0.00%	0.00%
49	Nutan Nagrik Sahakari Bank	68	100.00%	0.00%	0.00%
50	GP PARSIK BANK	52	100.00%	0.00%	0.00%
51	Deutsche Bank	4	100.00%	0.00%	0.00%

Note:

Mandate execution relate only to IPO applications for which the shares have been allotted.
Business Declines (BD) and Technical Declines (TD) are at the time of online transactions and such declines are manually processed within 24 hrs to 48 hrs.

Remarks

Mandate Execution means transaction where the customer has applied for an IPO and has been allotted shares for which the funds are debited from the applicant’s account.

IPO Banks Performance (June'24)

UPI IPO Remitter - Mandate Creation (June'24)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	41,37,935	90.15%	8.83%	1.02%
2	HDFC BANK LTD	24,53,542	91.14%	8.62%	0.24%
3	Bank of Baroda	15,35,069	87.41%	12.49%	0.10%
4	ICICI Bank	14,20,309	94.07%	5.86%	0.07%
5	Axis Bank Ltd.	9,84,116	91.45%	8.53%	0.02%
6	Punjab National Bank	7,67,022	88.41%	10.59%	1.01%
7	Kotak Mahindra Bank	6,48,885	93.24%	6.70%	0.06%
8	Bank of India	6,10,293	85.99%	13.82%	0.19%
9	Union Bank of India	6,09,144	89.09%	9.90%	1.00%
10	Canara Bank	3,55,630	89.66%	9.15%	1.20%
11	Central Bank Of India	2,46,025	82.10%	10.18%	7.72%
12	IDBI Bank Limited	2,29,808	88.84%	11.01%	0.15%
13	Indian Bank	1,74,151	90.56%	8.64%	0.80%
14	IDFC FIRST Bank	1,63,914	88.30%	11.58%	0.12%
15	INDUSIND BANK	1,42,831	90.79%	9.11%	0.09%
16	Yes Bank Ltd	1,38,701	87.78%	11.95%	0.27%
17	UCO Bank	1,28,084	84.04%	15.69%	0.27%
18	AU small Finance Bank	99,640	92.40%	7.58%	0.03%
19	Bank of Maharashtra	88,661	91.04%	7.61%	1.35%
20	The Mehsana Urban Co-Operative Bank Ltd.	87,756	81.50%	16.16%	2.34%
21	Indian Overseas Bank	78,836	90.71%	8.89%	0.39%
22	Rajkot Nagrik Sahakari Bank Ltd.	69,453	77.31%	21.58%	1.11%
23	Federal Bank	65,124	89.23%	7.58%	3.19%
24	Bandhan Bank	42,703	86.60%	13.33%	0.07%
25	Citibank	40,755	95.11%	4.81%	0.08%
26	Karnataka Bank	34,725	80.39%	11.50%	8.12%
27	Standard Chartered	34,400	92.63%	7.07%	0.30%
28	Saraswat Bank	33,806	86.28%	12.46%	1.26%
29	The Kalupur Commercial Co-operative Bank Ltd	28,715	86.93%	13.04%	0.03%
30	Punjab and Sind Bank	20,834	90.98%	8.94%	0.09%
31	Equitas Small Finance Bank	20,656	91.15%	8.51%	0.34%
32	DBS Bank India Limited	20,445	95.42%	2.89%	1.70%
33	Karur Vysya Bank	19,286	84.29%	10.66%	5.05%
34	South Indian Bank	19,278	92.24%	7.65%	0.11%
35	Tamilnad Mercantile Bank	15,098	83.20%	14.71%	2.09%
36	DCB Bank Ltd	15,067	89.43%	8.16%	2.42%
37	Surat People Cooperative Bank	13,493	64.34%	35.37%	0.29%
38	RBL Bank	12,536	49.30%	48.34%	2.36%
39	City Union Bank	11,237	91.61%	8.37%	0.02%
40	HSBC	10,724	90.06%	9.44%	0.50%
41	Svc co-operative bank ltd	8,193	91.10%	8.89%	0.01%
42	Utkarsh Small Finance Bank Ltd	8,187	89.20%	10.58%	0.22%
43	The Ahmedabad Mercantile Co- op. Bank Ltd	6,656	84.13%	13.10%	2.76%
44	TJSB Sahakari Bank Ltd	6,322	90.00%	8.94%	1.06%
45	Jammu and Kashmir Bank	5,846	52.39%	47.26%	0.34%
46	Nutan Nagrik Sahakari Bank	2,422	85.30%	9.25%	5.45%
47	Janata Sahakari Bank Ltd. Pune	2,222	92.12%	7.79%	0.09%
48	Dhanlaxmi Bank Ltd	1,957	86.41%	11.75%	1.84%
49	CSB Bank Ltd	1,932	86.18%	12.27%	1.55%
50	GP PARSIK BANK	1,455	94.57%	5.29%	0.14%
51	Deutsche Bank	428	92.29%	7.24%	0.47%

Note:

Cases which are expired (after the specified time limit) have been excluded.

Remarks

Mandate Creation means a transaction where the customer has created a successful block of amount in the bank account for an IPO application.

UPI IPO Remitter - Mandate Execution (June'24)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	1,12,790	100.00%	0.00%	0.00%
2	HDFC BANK LTD	64,046	100.00%	0.00%	0.00%
3	Bank of Baroda	42,780	100.00%	0.00%	0.00%
4	ICICI Bank	34,386	100.00%	0.00%	0.00%
5	Axis Bank Ltd.	26,346	100.00%	0.00%	0.00%
6	Punjab National Bank	21,299	100.00%	0.00%	0.00%
7	Kotak Mahindra Bank	17,065	100.00%	0.00%	0.00%
8	Bank of India	17,270	100.00%	0.00%	0.00%
9	Union Bank of India	17,480	100.00%	0.00%	0.00%
10	Canara Bank	9,844	100.00%	0.00%	0.00%
11	IDBI Bank Limited	6,467	100.00%	0.00%	0.00%
12	Central Bank Of India	6,894	100.00%	0.00%	0.00%
13	Indian Bank	4,834	100.00%	0.00%	0.00%
14	INDUSIND BANK	3,743	100.00%	0.00%	0.00%
15	Yes Bank Ltd	3,545	100.00%	0.00%	0.00%
16	IDFC FIRST Bank	3,337	100.00%	0.00%	0.00%
17	UCO Bank	3,577	100.00%	0.00%	0.00%
18	Rajkot Nagrik Sahakari Bank Ltd.	1,883	100.00%	0.00%	0.00%
19	AU small Finance Bank	2,146	100.00%	0.00%	0.00%
20	The Mehsana Urban Co-Operative Bank Ltd.	2,397	100.00%	0.00%	0.00%
21	Bank of Maharashtra	2,464	100.00%	0.00%	0.00%
22	Indian Overseas Bank	2,198	100.00%	0.00%	0.00%
23	Federal Bank	1,811	100.00%	0.00%	0.00%
24	Citibank	1,006	100.00%	0.00%	0.00%
25	Bandhan Bank	1,137	100.00%	0.00%	0.00%
26	Saraswat Bank	913	100.00%	0.00%	0.00%
27	Standard Chartered	822	100.00%	0.00%	0.00%
28	Karnataka Bank	981	100.00%	0.00%	0.00%
29	The Kalupur Commercial Co-operative Bank Ltd	804	100.00%	0.00%	0.00%
30	South Indian Bank	479	100.00%	0.00%	0.00%
31	DBS Bank India Limited	525	100.00%	0.00%	0.00%
32	Tamilnad Mercantile Bank	437	100.00%	0.00%	0.00%
33	Karur Vysya Bank	527	87.10%	12.90%	0.00%
34	Equitas Small Finance Bank	484	100.00%	0.00%	0.00%
35	Surat People Cooperative Bank	354	100.00%	0.00%	0.00%
36	Punjab and Sind Bank	596	100.00%	0.00%	0.00%
37	DCB Bank Ltd	366	100.00%	0.00%	0.00%
38	City Union Bank	350	100.00%	0.00%	0.00%
39	HSBC	262	100.00%	0.00%	0.00%
40	Svc co-operative bank ltd	211	100.00%	0.00%	0.00%
41	The Ahmedabad Mercantile Co- op. Bank Ltd	182	100.00%	0.00%	0.00%
42	RBL Bank	279	100.00%	0.00%	0.00%
43	Jammu and Kashmir Bank	136	100.00%	0.00%	0.00%
44	TJSB Sahakari Bank Ltd	161	100.00%	0.00%	0.00%
45	Utkarsh Small Finance Bank Ltd	158	100.00%	0.00%	0.00%
46	Dhanlaxmi Bank Ltd	46	100.00%	0.00%	0.00%
47	Janata Sahakari Bank Ltd. Pune	65	100.00%	0.00%	0.00%
48	Nutan Nagrik Sahakari Bank	57	100.00%	0.00%	0.00%
49	CSB Bank Ltd	55	100.00%	0.00%	0.00%
50	GP PARSIK BANK	45	100.00%	0.00%	0.00%
51	Deutsche Bank	6	100.00%	0.00%	0.00%

Note:

Mandate execution relate only to IPO applications for which the shares have been allotted.
Business Declines (BD) and Technical Declines (TD) are at the time of online transactions and such declines are manually processed within 24 hrs to 48 hrs.

Remarks

Mandate Execution means transaction where the customer has applied for an IPO and has been allotted shares for which the funds are debited from the applicant’s account.

IPO Banks Performance (May'24)

UPI IPO Remitter - Mandate Creation (May'24)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	22,54,883	93.60%	6.10%	0.30%
2	HDFC BANK LTD	13,86,553	95.00%	4.91%	0.09%
3	Bank of Baroda	8,43,090	93.92%	5.82%	0.26%
4	ICICI Bank	8,15,159	95.96%	3.71%	0.33%
5	Axis Bank Ltd.	5,62,199	95.10%	4.83%	0.07%
6	Punjab National Bank	4,12,501	93.23%	6.12%	0.65%
7	Kotak Mahindra Bank	3,75,637	94.43%	5.10%	0.47%
8	Bank of India	3,40,681	93.76%	5.35%	0.89%
9	Union Bank of India	3,33,188	94.04%	5.83%	0.13%
10	Canara Bank	1,97,086	92.41%	6.07%	1.52%
11	IDBI Bank Limited	1,31,981	93.82%	2.44%	3.74%
12	Central Bank Of India	1,31,091	90.92%	5.81%	3.27%
13	IDFC FIRST Bank	93,945	92.61%	6.18%	1.20%
14	INDUSIND BANK	86,157	94.22%	5.70%	0.08%
15	Yes Bank Ltd	81,038	90.70%	8.95%	0.35%
16	Indian Bank	1,03,508	82.26%	6.61%	11.13%
17	UCO Bank	69,174	88.85%	11.03%	0.13%
18	AU small Finance Bank	57,735	93.76%	6.16%	0.07%
19	The Mehsana Urban Co-Operative Bank Ltd.	50,407	89.09%	10.21%	0.69%
20	Bank of Maharashtra	50,304	90.47%	6.44%	3.09%
21	Rajkot Nagrik Sahakari Bank Ltd.	38,089	94.33%	5.62%	0.06%
22	Indian Overseas Bank	42,673	94.10%	5.78%	0.12%
23	Federal Bank	36,106	91.37%	8.07%	0.56%
24	Citibank	25,529	94.48%	4.71%	0.81%
25	Bandhan Bank	24,469	81.94%	17.98%	0.08%
26	Standard Chartered	20,240	94.50%	5.46%	0.04%
27	Saraswat Bank	20,429	92.43%	5.80%	1.77%
28	Karnataka Bank	18,897	90.00%	8.10%	1.89%
29	Equitas Small Finance Bank	12,496	94.52%	5.13%	0.35%
30	The Kalupur Commercial Co-operative Bank Ltd	16,064	94.43%	5.22%	0.34%
31	RBL Bank	9,425	53.28%	17.47%	29.24%
32	South Indian Bank	10,760	92.45%	7.42%	0.13%
33	DBS Bank India Limited	11,357	96.60%	2.67%	0.73%
34	Karur Vysya Bank	11,172	87.64%	8.74%	3.63%
35	Punjab and Sind Bank	11,138	93.00%	6.82%	0.18%
36	Tamilnad Mercantile Bank	8,557	89.06%	10.79%	0.15%
37	DCB Bank Ltd	8,653	93.19%	6.19%	0.61%
38	Surat People Cooperative Bank	7,886	90.17%	9.71%	0.11%
39	City Union Bank	5,917	92.23%	7.69%	0.08%
40	HSBC	6,370	91.93%	1.92%	6.15%
41	Svc co-operative bank ltd	4,791	95.47%	4.45%	0.08%
42	Utkarsh Small Finance Bank Ltd	4,143	93.05%	3.09%	3.86%
43	The Ahmedabad Mercantile Co- op. Bank Ltd	3,821	91.89%	2.30%	5.81%
44	Jammu and Kashmir Bank	3,491	85.65%	14.32%	0.03%
45	TJSB Sahakari Bank Ltd	3,593	93.13%	6.82%	0.06%
46	Nutan Nagrik Sahakari Bank	1,410	85.74%	7.02%	7.23%
47	Janata Sahakari Bank Ltd. Pune	1,340	91.79%	7.99%	0.22%
48	Dhanlaxmi Bank Ltd	1,025	89.56%	10.34%	0.10%
49	CSB Bank Ltd	1,027	88.51%	10.42%	1.07%
50	GP PARSIK BANK	1,012	94.57%	5.24%	0.20%
51	Deutsche Bank	244	91.80%	1.64%	6.56%

Note:

Cases which are expired (after the specified time limit) have been excluded.

Remarks

Mandate Creation means a transaction where the customer has created a successful block of amount in the bank account for an IPO application.

UPI IPO Remitter - Mandate Execution (May'24)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	2,33,812	100.00%	0.00%	0.00%
2	HDFC BANK LTD	1,36,470	100.00%	0.00%	0.00%
3	Bank of Baroda	85,052	100.00%	0.00%	0.00%
4	ICICI Bank	74,349	100.00%	0.00%	0.00%
5	Axis Bank Ltd.	56,252	100.00%	0.00%	0.00%
6	Punjab National Bank	43,958	99.54%	0.46%	0.00%
7	Kotak Mahindra Bank	37,191	100.00%	0.00%	0.00%
8	Bank of India	34,061	100.00%	0.00%	0.00%
9	Union Bank of India	34,984	100.00%	0.00%	0.00%
10	Canara Bank	20,883	100.00%	0.00%	0.00%
11	IDBI Bank Limited	13,507	100.00%	0.00%	0.00%
12	Central Bank Of India	13,280	100.00%	0.00%	0.00%
13	Indian Bank	10,042	100.00%	0.00%	0.00%
14	INDUSIND BANK	7,611	99.99%	0.01%	0.00%
15	Yes Bank Ltd	7,205	100.00%	0.00%	0.00%
16	IDFC FIRST Bank	7,176	100.00%	0.00%	0.00%
17	UCO Bank	6,853	100.00%	0.00%	0.00%
18	Rajkot Nagrik Sahakari Bank Ltd.	3,620	100.00%	0.00%	0.00%
19	AU small Finance Bank	4,387	100.00%	0.00%	0.00%
20	The Mehsana Urban Co-Operative Bank Ltd.	4,379	100.00%	0.00%	0.00%
21	Bank of Maharashtra	5,387	100.00%	0.00%	0.00%
22	Indian Overseas Bank	4,398	100.00%	0.00%	0.00%
23	Federal Bank	3,905	100.00%	0.00%	0.00%
24	Citibank	2,559	100.00%	0.00%	0.00%
25	Bandhan Bank	2,193	100.00%	0.00%	0.00%
26	Saraswat Bank	2,070	100.00%	0.00%	0.00%
27	Standard Chartered	2,107	100.00%	0.00%	0.00%
28	Karnataka Bank	1,952	100.00%	0.00%	0.00%
29	The Kalupur Commercial Co-operative Bank Ltd	1,637	100.00%	0.00%	0.00%
30	South Indian Bank	1,066	100.00%	0.00%	0.00%
31	DBS Bank India Limited	1,205	100.00%	0.00%	0.00%
32	Tamilnad Mercantile Bank	857	100.00%	0.00%	0.00%
33	Karur Vysya Bank	1,108	6.68%	93.32%	0.00%
34	Equitas Small Finance Bank	922	100.00%	0.00%	0.00%
35	Surat People Cooperative Bank	767	100.00%	0.00%	0.00%
36	Punjab and Sind Bank	1,184	100.00%	0.00%	0.00%
37	DCB Bank Ltd	781	100.00%	0.00%	0.00%
38	City Union Bank	623	100.00%	0.00%	0.00%
39	HSBC	563	100.00%	0.00%	0.00%
40	Svc co-operative bank ltd	528	100.00%	0.00%	0.00%
41	The Ahmedabad Mercantile Co- op. Bank Ltd	405	100.00%	0.00%	0.00%
42	RBL Bank	467	100.00%	0.00%	0.00%
43	Jammu and Kashmir Bank	398	100.00%	0.00%	0.00%
44	TJSB Sahakari Bank Ltd	422	100.00%	0.00%	0.00%
45	Utkarsh Small Finance Bank Ltd	295	100.00%	0.00%	0.00%
46	Dhanlaxmi Bank Ltd	109	100.00%	0.00%	0.00%
47	Janata Sahakari Bank Ltd. Pune	153	100.00%	0.00%	0.00%
48	Nutan Nagrik Sahakari Bank	144	100.00%	0.00%	0.00%
49	CSB Bank Ltd	110	100.00%	0.00%	0.00%
50	GP PARSIK BANK	86	100.00%	0.00%	0.00%
51	Deutsche Bank	10	100.00%	0.00%	0.00%

Note:

Mandate execution relate only to IPO applications for which the shares have been allotted.
Business Declines (BD) and Technical Declines (TD) are at the time of online transactions and such declines are manually processed within 24 hrs to 48 hrs.

Remarks

Mandate Execution means transaction where the customer has applied for an IPO and has been allotted shares for which the funds are debited from the applicant’s account.

IPO Banks Performance (Apr'24)

UPI IPO Remitter - Mandate Creation (Apr'24)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	5,40,996	89.74%	7.61%	2.66%
2	HDFC BANK LTD	3,40,436	94.44%	5.45%	0.11%
3	Bank of Baroda	2,02,162	92.43%	7.23%	0.34%
4	ICICI Bank	1,99,709	96.09%	3.41%	0.50%
5	Axis Bank Ltd.	1,38,210	94.05%	5.81%	0.14%
6	Punjab National Bank	1,02,181	83.47%	7.08%	9.45%
7	Kotak Mahindra Bank	88,155	93.78%	5.56%	0.66%
8	Bank of India	81,723	94.39%	5.50%	0.11%
9	Union Bank of India	80,781	91.68%	7.20%	1.12%
10	Canara Bank	46,316	93.00%	6.39%	0.61%
11	Central Bank Of India	31,480	88.75%	4.80%	6.46%
12	IDBI Bank Limited	33,778	89.98%	3.45%	6.57%
13	Indian Bank	21,881	92.06%	7.70%	0.24%
14	IDFC FIRST Bank	22,898	93.07%	6.76%	0.17%
15	INDUSIND BANK	22,742	93.84%	6.07%	0.08%
16	Yes Bank Ltd	22,679	90.17%	9.10%	0.73%
17	UCO Bank	16,343	90.01%	9.92%	0.07%
18	Bank of Maharashtra	11,067	87.56%	7.29%	5.15%
19	AU small Finance Bank	15,808	93.46%	6.47%	0.08%
20	The Mehsana Urban Co-Operative Bank Ltd.	11,983	92.55%	7.31%	0.14%
21	Indian Overseas Bank	10,403	92.19%	7.49%	0.32%
22	Federal Bank	8,679	90.07%	9.90%	0.03%
23	Rajkot Nagrik Sahakari Bank Ltd.	10,920	92.26%	7.44%	0.30%
24	Citibank	7,136	95.43%	4.46%	0.11%
25	Bandhan Bank	5,792	85.43%	14.33%	0.24%
26	Karnataka Bank	4,645	87.47%	9.09%	3.44%
27	Saraswat Bank	4,740	93.25%	5.84%	0.91%
28	Standard Chartered	4,998	94.02%	5.86%	0.12%
29	The Kalupur Commercial Co-operative Bank Ltd	3,510	92.65%	7.26%	0.09%
30	EQUITAS SMALL	3,804	95.14%	3.52%	1.34%
31	Punjab and Sind Bank	2,558	69.47%	9.23%	21.31%
32	RBL	3,340	29.07%	15.51%	55.42%
33	South Indian Bank	3,020	92.81%	7.19%	0.00%
34	DBS Bank India Limited	2,705	95.79%	4.21%	0.00%
35	Karur Vysya Bank	2,626	88.39%	11.39%	0.23%
36	Tamilnad Mercantile Bank	2,325	89.42%	10.54%	0.04%
37	DCB Bank Ltd	2,281	93.64%	6.09%	0.26%
38	Surat People Cooperative Bank	2,040	90.49%	8.92%	0.59%
39	City Union Bank	1,595	91.03%	8.78%	0.19%
40	HSBC	1,472	92.73%	2.31%	4.96%
41	Svc co-operative bank ltd	1,185	94.77%	5.15%	0.08%
42	TJSB Sahakari Bank Ltd	798	92.11%	7.39%	0.50%
43	Utkarsh Small Finance Bank Ltd	1,088	93.01%	2.94%	4.04%
44	Jammu and Kashmir Bank	898	80.73%	19.04%	0.22%
45	The Ahmedabad Mercantile Co- op. Bank Ltd	958	91.54%	2.40%	6.05%
46	Janata Sahakari Bank Ltd. Pune	324	91.67%	8.33%	0.00%
47	Dhanlaxmi Bank Ltd	316	90.19%	9.81%	0.00%
48	Nutan Nagrik Sahakari Bank	358	86.03%	7.54%	6.42%
49	CSB Bank Ltd	269	89.59%	9.29%	1.12%
50	GP PARSIK BANK	203	89.66%	10.34%	0.00%
51	Deutsche Bank	66	83.33%	6.06%	10.61%

Note:

Cases which are expired (after the specified time limit) have been excluded.

Remarks

Mandate Creation means a transaction where the customer has created a successful block of amount in the bank account for an IPO application.

UPI IPO Remitter - Mandate Execution (Apr'24)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	1,87,372	100.00%	0.00%	0.00%
2	HDFC BANK LTD	1,21,018	100.00%	0.00%	0.00%
3	Bank of Baroda	74,533	100.00%	0.00%	0.00%
4	ICICI Bank	65,522	100.00%	0.00%	0.00%
5	Axis Bank Ltd.	48,636	100.00%	0.00%	0.00%
6	Punjab National Bank	36,899	100.00%	0.00%	0.00%
7	Kotak Mahindra Bank	31,807	100.00%	0.00%	0.00%
8	Bank of India	31,107	100.00%	0.00%	0.00%
9	Union Bank of India	29,556	100.00%	0.00%	0.00%
10	Canara Bank	17,075	100.00%	0.00%	0.00%
11	IDBI Bank Limited	12,561	100.00%	0.00%	0.00%
12	Central Bank Of India	11,468	99.94%	0.06%	0.00%
13	Indian Bank	8,239	100.00%	0.00%	0.00%
14	INDUSIND BANK	7,693	100.00%	0.00%	0.00%
15	Yes Bank Ltd	7,400	100.00%	0.00%	0.00%
16	IDFC FIRST Bank	6,651	100.00%	0.00%	0.00%
17	UCO Bank	6,128	100.00%	0.00%	0.00%
18	Rajkot Nagrik Sahakari Bank Ltd.	4,262	100.00%	0.00%	0.00%
19	AU small Finance Bank	4,144	100.00%	0.00%	0.00%
20	The Mehsana Urban Co-Operative Bank Ltd.	4,127	100.00%	0.00%	0.00%
21	Bank of Maharashtra	3,950	99.97%	0.03%	0.00%
22	Indian Overseas Bank	3,820	100.00%	0.00%	0.00%
23	Federal Bank	3,167	100.00%	0.00%	0.00%
24	Citibank	2,418	100.00%	0.00%	0.00%
25	Bandhan Bank	1,957	100.00%	0.00%	0.00%
26	Saraswat Bank	1,840	100.00%	0.00%	0.00%
27	Standard Chartered	1,744	100.00%	0.00%	0.00%
28	Karnataka Bank	1,588	100.00%	0.00%	0.00%
29	The Kalupur Commercial Co-operative Bank Ltd	1,445	100.00%	0.00%	0.00%
30	South Indian Bank	1,237	100.00%	0.00%	0.00%
31	DBS Bank India Limited	919	100.00%	0.00%	0.00%
32	Tamilnad Mercantile Bank	870	100.00%	0.00%	0.00%
33	Karur Vysya Bank	844	8.41%	91.59%	0.00%
34	EQUITAS SMALL	835	100.00%	0.00%	0.00%
35	Surat People Cooperative Bank	816	100.00%	0.00%	0.00%
36	Punjab and Sind Bank	786	100.00%	0.00%	0.00%
37	DCB Bank Ltd	727	100.00%	0.00%	0.00%
38	City Union Bank	592	100.00%	0.00%	0.00%
39	HSBC	487	100.00%	0.00%	0.00%
40	Svc co-operative bank ltd	455	100.00%	0.00%	0.00%
41	The Ahmedabad Mercantile Co- op. Bank Ltd	445	100.00%	0.00%	0.00%
42	RBL	373	100.00%	0.00%	0.00%
43	Jammu and Kashmir Bank	353	100.00%	0.00%	0.00%
44	TJSB Sahakari Bank Ltd	316	100.00%	0.00%	0.00%
45	Utkarsh Small Finance Bank Ltd	260	100.00%	0.00%	0.00%
46	Dhanlaxmi Bank Ltd	138	100.00%	0.00%	0.00%
47	Janata Sahakari Bank Ltd. Pune	130	100.00%	0.00%	0.00%
48	Nutan Nagrik Sahakari Bank	129	100.00%	0.00%	0.00%
49	CSB Bank Ltd	108	100.00%	0.00%	0.00%
50	GP PARSIK BANK	61	100.00%	0.00%	0.00%
51	Deutsche Bank	8	100.00%	0.00%	0.00%

Note:

Mandate execution relate only to IPO applications for which the shares have been allotted.
Business Declines (BD) and Technical Declines (TD) are at the time of online transactions and such declines are manually processed within 24 hrs to 48 hrs.

Remarks

Mandate Execution means transaction where the customer has applied for an IPO and has been allotted shares for which the funds are debited from the applicant’s account.

IPO Banks Performance (Mar'24)

UPI IPO Remitter - Mandate Creation (Mar'24)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	14,67,335	94.56%	5.25%	0.19%
2	HDFC BANK LTD	8,16,556	96.06%	3.86%	0.08%
3	Bank of Baroda	5,26,481	94.34%	5.37%	0.29%
4	ICICI Bank	4,86,068	97.17%	2.70%	0.13%
5	Axis Bank Ltd.	3,41,941	95.80%	4.16%	0.04%
6	Punjab National Bank	2,60,548	94.71%	5.26%	0.03%
7	Kotak Mahindra Bank	2,33,299	95.67%	4.28%	0.05%
8	Bank of India	2,12,231	94.51%	4.42%	1.07%
9	Union Bank of India	2,08,514	94.95%	4.75%	0.30%
10	Canara Bank	1,27,505	94.49%	5.24%	0.27%
11	Central Bank Of India	87,507	87.88%	5.03%	7.09%
12	IDBI Bank Limited	81,098	93.61%	2.70%	3.69%
13	Indian Bank	59,559	93.67%	6.24%	0.09%
14	IDFC FIRST Bank	53,234	94.15%	5.60%	0.24%
15	INDUSIND BANK	49,229	94.41%	4.98%	0.62%
16	Yes Bank Ltd	46,818	90.66%	8.26%	1.07%
17	UCO Bank	43,382	89.63%	9.07%	1.30%
18	Bank of Maharashtra	33,039	92.48%	5.24%	2.28%
19	AU small Finance Bank	32,364	95.34%	4.63%	0.02%
20	The Mehsana Urban Co-Operative Bank Ltd.	31,069	93.57%	6.34%	0.09%
21	Indian Overseas Bank	27,609	94.73%	5.06%	0.21%
22	Federal Bank	24,311	92.93%	7.05%	0.02%
23	Rajkot Nagrik Sahakari Bank Ltd.	23,321	96.18%	3.76%	0.06%
24	Citibank	15,772	96.42%	3.54%	0.04%
25	Bandhan Bank	15,119	83.84%	15.74%	0.42%
26	Karnataka Bank	12,934	89.18%	7.56%	3.26%
27	Saraswat Bank	12,397	91.18%	6.65%	2.18%
28	Standard Chartered	12,067	95.48%	4.28%	0.25%
29	The Kalupur Commercial Co-operative Bank Ltd	9,387	94.31%	4.71%	0.98%
30	EQUITAS SMALL	7,828	94.95%	4.61%	0.43%
31	Punjab and Sind Bank	7,089	92.96%	6.32%	0.72%
32	RBL BANK	7,043	52.93%	10.17%	36.90%
33	South Indian Bank	7,037	93.38%	6.52%	0.10%
34	DBS Bank India Limited	6,985	97.01%	2.98%	0.01%
35	Karur Vysya Bank	6,904	88.80%	9.81%	1.39%
36	Tamilnad Mercantile Bank	5,247	92.17%	7.47%	0.36%
37	DCB Bank Ltd	4,941	94.86%	4.55%	0.59%
38	Surat People Cooperative Bank	3,991	90.28%	9.62%	0.10%
39	City Union Bank	3,816	93.37%	6.60%	0.03%
40	HSBC	3,428	93.23%	1.63%	5.13%
41	Svc co-operative bank ltd	2,811	97.40%	2.60%	0.00%
42	TJSB Sahakari Bank Ltd	2,284	93.17%	6.70%	0.13%
43	Utkarsh Small Finance Bank Ltd	2,199	90.31%	2.77%	6.91%
44	Jammu and Kashmir Bank	2,132	85.37%	14.35%	0.28%
45	The Ahmedabad Mercantile Co- op. Bank Ltd	2,075	93.20%	1.88%	4.92%
46	Janata Sahakari Bank Ltd. Pune	899	93.66%	6.34%	0.00%
47	Dhanlaxmi Bank Ltd	771	91.18%	6.61%	2.20%
48	Nutan Nagrik Sahakari Bank	758	90.37%	4.62%	5.01%
49	CSB Bank Ltd	724	89.64%	8.84%	1.52%
50	GP PARSIK BANK	651	94.93%	4.61%	0.46%
51	Deutsche Bank	134	82.84%	1.49%	15.67%

Note:

Cases which are expired (after the specified time limit) have been excluded.

Remarks

Mandate Creation means a transaction where the customer has created a successful block of amount in the bank account for an IPO application.

UPI IPO Remitter - Mandate Execution (Mar'24)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank of India	1,09,580	100.00%	0.00%	0.00%
2	HDFC Bank Ltd	61,361	100.00%	0.00%	0.00%
3	ICICI Bank	37,319	99.99%	0.01%	0.00%
4	Bank of Baroda	37,021	100.00%	0.00%	0.00%
5	Axis Bank	26,388	100.00%	0.00%	0.00%
6	Punjab National Bank	19,898	100.00%	0.00%	0.00%
7	Kotak Mahindra Bank	17,612	100.00%	0.00%	0.00%
8	Union Bank of India	15,640	100.00%	0.00%	0.00%
9	Bank of India	15,037	100.00%	0.00%	0.00%
10	Canara Bank	9,777	100.00%	0.00%	0.00%
11	IDBI Bank Limited	6,110	100.00%	0.00%	0.00%
12	Central Bank of India.	5,874	100.00%	0.00%	0.00%
13	Indian Bank	4,664	100.00%	0.00%	0.00%
14	Indusind Bank	3,678	100.00%	0.00%	0.00%
15	IDFC FIRST Bank	3,600	100.00%	0.00%	0.00%
16	Yes Bank	3,277	100.00%	0.00%	0.00%
17	UCO Bank	3,046	100.00%	0.00%	0.00%
18	Bank of Maharashtra	2,559	100.00%	0.00%	0.00%
19	Indian Overseas Bank	2,112	100.00%	0.00%	0.00%
20	The Federal Bank Limited	2,105	100.00%	0.00%	0.00%
21	AU Small Finance Bank	1,905	100.00%	0.00%	0.00%
22	The Mehsana Urban Co-operative Bank Limited	1,735	100.00%	0.00%	0.00%
23	Rajkot Nagarik Sahakari Bank Ltd.	1,466	100.00%	0.00%	0.00%
24	Citibank	1,320	100.00%	0.00%	0.00%
25	Karnataka Bank Limited	1,040	100.00%	0.00%	0.00%
26	Standard Chartered Bank	1,020	100.00%	0.00%	0.00%
27	Bandhan Bank	989	100.00%	0.00%	0.00%
28	Saraswat Co-operative Bank Limited	840	100.00%	0.00%	0.00%
29	South Indian Bank	703	100.00%	0.00%	0.00%
30	The Kalupur Commercial Co-operative Bank Ltd.	687	100.00%	0.00%	0.00%
31	DBS Bank India Limited	610	100.00%	0.00%	0.00%
32	Punjab & Sind Bank	596	100.00%	0.00%	0.00%
33	Karur Vysya Bank Limited	557	6.10%	93.90%	0.00%
34	Equitas Small Finance Bank	450	100.00%	0.00%	0.00%
35	Tamilnad Mercantile Bank	386	100.00%	0.00%	0.00%
36	RBL BANK	374	100.00%	0.00%	0.00%
37	City Union Bank	353	100.00%	0.00%	0.00%
38	DCB Bank	341	100.00%	0.00%	0.00%
39	The Surat People's Co-op Bank Ltd.	288	100.00%	0.00%	0.00%
40	HSBC Bank	259	100.00%	0.00%	0.00%
41	SVC Co-operative Bank Limited	231	100.00%	0.00%	0.00%
42	The Jammu & Kashmir Bank Ltd	226	100.00%	0.00%	0.00%
43	TJSB Sahakari Bank Limited	199	100.00%	0.00%	0.00%
44	The Ahmedabad Mercantile Co-operative Bank Limited	158	100.00%	0.00%	0.00%
45	Utkarsh Small Finance Bank Ltd.	106	100.00%	0.00%	0.00%
46	Dhanlaxmi Bank Limited	101	100.00%	0.00%	0.00%
47	Janata Sahakari Bank Ltd	79	100.00%	0.00%	0.00%
48	The Catholic Syrian Bank Limited	78	100.00%	0.00%	0.00%
49	Nutan Nagarik Sahakari Bank Ltd.	57	100.00%	0.00%	0.00%
50	GP Parsik Sahakari Bank Limited	49	100.00%	0.00%	0.00%
51	Deustche Bank	5	100.00%	0.00%	0.00%

Note:

Mandate execution relate only to IPO applications for which the shares have been allotted.
Business Declines (BD) and Technical Declines (TD) are at the time of online transactions and such declines are manually processed within 24 hrs to 48 hrs.

Remarks

Mandate Execution means transaction where the customer has applied for an IPO and has been allotted shares for which the funds are debited from the applicant’s account.

IPO Banks Performance (Feb'24)

UPI IPO Remitter - Mandate Creation (Feb'24)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank of India	31,69,927	92.83%	5.21%	1.96%
2	HDFC Bank Ltd	17,95,742	94.42%	3.80%	1.78%
3	Bank of Baroda	11,06,923	92.82%	5.78%	1.40%
4	ICICI Bank	10,96,595	93.71%	2.52%	3.78%
5	Axis Bank	7,43,691	95.83%	4.07%	0.10%
6	Punjab National Bank	5,62,658	94.93%	4.95%	0.12%
7	Kotak Mahindra Bank	5,00,860	95.13%	4.35%	0.51%
8	Union Bank of India	4,46,502	94.84%	4.11%	1.05%
9	Bank of India	4,45,028	96.03%	3.89%	0.08%
10	Canara Bank	2,75,766	94.54%	5.02%	0.44%
11	Central Bank of India.	2,07,588	77.68%	4.08%	18.24%
12	IDBI Bank Limited	1,73,851	88.53%	4.29%	7.18%
13	Indian Bank	1,32,281	92.64%	6.46%	0.90%
14	IDFC FIRST Bank	1,08,515	94.46%	5.51%	0.03%
15	Indusind Bank	1,01,197	94.86%	4.85%	0.29%
16	Yes Bank	94,298	91.61%	7.67%	0.72%
17	UCO Bank	92,503	90.10%	9.21%	0.69%
18	Bank of Maharashtra	86,744	78.15%	18.07%	3.78%
19	Indian Overseas Bank	67,520	75.72%	23.00%	1.28%
20	AU Small Finance Bank	63,687	95.37%	4.61%	0.02%
21	The Mehsana Urban Co-operative Bank Limited	57,813	94.85%	5.06%	0.09%
22	The Federal Bank Limited	52,793	92.35%	7.62%	0.03%
23	Rajkot Nagarik Sahakari Bank Ltd.	42,119	96.87%	2.97%	0.15%
24	Citibank	34,798	96.50%	3.38%	0.13%
25	Bandhan Bank	32,137	84.02%	15.16%	0.82%
26	Karnataka Bank Limited	29,166	88.40%	6.98%	4.62%
27	Saraswat Co-operative Bank Limited	28,507	93.97%	5.60%	0.43%
28	Standard Chartered Bank	27,360	95.63%	4.10%	0.27%
29	The Kalupur Commercial Co-operative Bank Ltd.	19,059	95.80%	3.97%	0.23%
30	DBS Bank India Limited	15,679	96.54%	3.44%	0.02%
31	Karur Vysya Bank Limited	15,547	85.79%	8.55%	5.65%
32	Punjab & Sind Bank	15,129	92.93%	6.29%	0.77%
33	Equitas Small Finance Bank	14,592	95.60%	4.07%	0.33%
34	South Indian Bank	14,390	94.04%	5.93%	0.03%
35	RBL BANK	12,407	82.67%	8.91%	8.41%
36	Tamilnad Mercantile Bank	10,527	93.00%	6.92%	0.09%
37	DCB Bank	9,753	95.45%	4.44%	0.11%
38	City Union Bank	8,399	94.07%	5.55%	0.38%
39	HSBC Bank	7,715	94.98%	1.54%	3.47%
40	The Jammu & Kashmir Bank Ltd	7,675	49.19%	8.27%	42.54%
41	The Surat People's Co-op Bank Ltd.	7,573	93.20%	6.64%	0.16%
42	SVC Co-operative Bank Limited	6,402	95.31%	4.12%	0.56%
43	TJSB Sahakari Bank Limited	5,433	93.04%	5.71%	1.25%
44	The Ahmedabad Mercantile Co-operative Bank Limited	4,320	94.03%	2.13%	3.84%
45	Utkarsh Small Finance Bank Ltd.	4,165	91.64%	2.71%	5.64%
46	Janata Sahakari Bank Ltd	1,952	93.75%	5.69%	0.56%
47	Dhanlaxmi Bank Limited	1,581	91.78%	7.15%	1.08%
48	The Catholic Syrian Bank Limited	1,453	89.88%	7.57%	2.55%
49	Nutan Nagarik Sahakari Bank Ltd.	1,436	89.83%	5.22%	4.94%
50	GP Parsik Sahakari Bank Limited	1,394	95.77%	3.87%	0.36%
51	Deustche Bank	265	88.30%	3.02%	8.68%

Note:

Cases which are expired (after the specified time limit) have been excluded.

Remarks

Mandate Creation means a transaction where the customer has created a successful block of amount in the bank account for an IPO application.

UPI IPO Remitter - Mandate Execution (Feb'24)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank of India	1,45,220	100.00%	0.00%	0.00%
2	HDFC Bank Ltd	83,361	100.00%	0.00%	0.00%
3	ICICI Bank	52,607	100.00%	0.00%	0.00%
4	Bank of Baroda	45,882	100.00%	0.00%	0.00%
5	Axis Bank	36,393	100.00%	0.00%	0.00%
6	Punjab National Bank	29,165	100.00%	0.00%	0.00%
7	Kotak Mahindra Bank	22,730	100.00%	0.00%	0.00%
8	Union Bank of India	21,040	100.00%	0.00%	0.00%
9	Bank of India	19,388	99.99%	0.01%	0.00%
10	Canara Bank	14,090	100.00%	0.00%	0.00%
11	Central Bank of India.	8,048	99.99%	0.01%	0.00%
12	IDBI Bank Limited	6,692	100.00%	0.00%	0.00%
13	Indian Bank	6,684	100.00%	0.00%	0.00%
14	Indusind Bank	4,984	100.00%	0.00%	0.00%
15	IDFC FIRST Bank	4,815	100.00%	0.00%	0.00%
16	Yes Bank	4,658	100.00%	0.00%	0.00%
17	UCO Bank	4,279	100.00%	0.00%	0.00%
18	Bank of Maharashtra	3,284	100.00%	0.00%	0.00%
19	Indian Overseas Bank	2,846	100.00%	0.00%	0.00%
20	The Federal Bank Limited	2,776	99.96%	0.04%	0.00%
21	AU Small Finance Bank	2,613	100.00%	0.00%	0.00%
22	Citibank	2,094	100.00%	0.00%	0.00%
23	The Mehsana Urban Co-operative Bank Limited	2,011	100.00%	0.00%	0.00%
24	Rajkot Nagarik Sahakari Bank Ltd.	1,552	100.00%	0.00%	0.00%
25	Karnataka Bank Limited	1,536	100.00%	0.00%	0.00%
26	Standard Chartered Bank	1,468	100.00%	0.00%	0.00%
27	Bandhan Bank	1,437	100.00%	0.00%	0.00%
28	Saraswat Co-operative Bank Limited	1,265	100.00%	0.00%	0.00%
29	Karur Vysya Bank Limited	852	9.51%	90.49%	0.00%
30	South Indian Bank	846	100.00%	0.00%	0.00%
31	DBS Bank India Limited	814	100.00%	0.00%	0.00%
32	Punjab & Sind Bank	793	100.00%	0.00%	0.00%
33	The Kalupur Commercial Co-operative Bank Ltd.	764	100.00%	0.00%	0.00%
34	Equitas Small Finance Bank	600	100.00%	0.00%	0.00%
35	Tamilnad Mercantile Bank	595	100.00%	0.00%	0.00%
36	City Union Bank	522	100.00%	0.00%	0.00%
37	RBL BANK	492	100.00%	0.00%	0.00%
38	DCB Bank	483	100.00%	0.00%	0.00%
39	HSBC Bank	374	100.00%	0.00%	0.00%
40	The Surat People's Co-op Bank Ltd.	313	100.00%	0.00%	0.00%
41	SVC Co-operative Bank Limited	308	100.00%	0.00%	0.00%
42	The Jammu & Kashmir Bank Ltd	301	100.00%	0.00%	0.00%
43	TJSB Sahakari Bank Limited	262	100.00%	0.00%	0.00%
44	The Ahmedabad Mercantile Co-operative Bank Limited	179	100.00%	0.00%	0.00%
45	Utkarsh Small Finance Bank Ltd.	154	100.00%	0.00%	0.00%
46	Dhanlaxmi Bank Limited	114	100.00%	0.00%	0.00%
47	The Catholic Syrian Bank Limited	97	100.00%	0.00%	0.00%
48	Janata Sahakari Bank Ltd	90	100.00%	0.00%	0.00%
49	Nutan Nagarik Sahakari Bank Ltd.	72	100.00%	0.00%	0.00%
50	GP Parsik Sahakari Bank Limited	65	100.00%	0.00%	0.00%
51	Deustche Bank	4	100.00%	0.00%	0.00%

Note:

Mandate execution relate only to IPO applications for which the shares have been allotted.
Business Declines (BD) and Technical Declines (TD) are at the time of online transactions and such declines are manually processed within 24 hrs to 48 hrs.

Remarks

Mandate Execution means transaction where the customer has applied for an IPO and has been allotted shares for which the funds are debited from the applicant’s account.

IPO Banks Performance (Jan'24)

UPI IPO Remitter - Mandate Creation (Jan'24)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank of India	19,23,384	91.06%	6.56%	2.38%
2	HDFC Bank Ltd	12,26,635	89.32%	4.46%	6.22%
3	ICICI Bank	7,28,801	97.00%	2.97%	0.04%
4	Bank of Baroda	6,83,686	93.31%	6.65%	0.04%
5	Axis Bank	4,92,637	94.45%	5.39%	0.16%
6	Punjab National Bank	3,53,120	93.83%	5.91%	0.26%
7	Kotak Mahindra Bank	3,13,951	94.18%	5.19%	0.63%
8	Union Bank of India	2,82,182	94.37%	5.33%	0.30%
9	Bank of India	2,76,976	95.29%	4.65%	0.05%
10	Canara Bank	1,70,230	93.73%	5.95%	0.32%
11	IDBI Bank Limited	1,14,244	94.93%	4.67%	0.40%
12	Central Bank of India.	1,17,515	89.59%	5.41%	5.00%
13	Indian Bank	81,901	92.05%	7.85%	0.10%
14	IDFC FIRST Bank	71,397	93.47%	6.44%	0.09%
15	Indusind Bank	65,327	94.30%	5.47%	0.23%
16	Yes Bank	61,706	90.00%	9.87%	0.12%
17	UCO Bank	58,827	83.36%	14.14%	2.51%
18	Bank of Maharashtra	46,372	89.07%	9.37%	1.55%
19	AU Small Finance Bank	39,730	94.19%	5.78%	0.03%
20	The Mehsana Urban Co-operative Bank Limited	40,334	91.89%	7.95%	0.16%
21	Indian Overseas Bank	37,050	91.89%	7.98%	0.12%
22	The Federal Bank Limited	32,844	91.04%	8.94%	0.03%
23	Rajkot Nagarik Sahakari Bank Ltd.	26,766	95.95%	3.92%	0.13%
24	Citibank	25,227	94.49%	5.47%	0.03%
25	Bandhan Bank	21,078	86.15%	12.85%	1.01%
26	Standard Chartered Bank	17,987	94.48%	5.50%	0.02%
27	Karnataka Bank Limited	18,621	89.52%	8.07%	2.41%
28	Saraswat Co-operative Bank Limited	17,035	93.97%	5.62%	0.41%
29	The Kalupur Commercial Co-operative Bank Ltd.	11,674	95.03%	4.59%	0.38%
30	DBS Bank India Limited	10,053	95.79%	4.20%	0.01%
31	Equitas Small Finance Bank	9,899	95.38%	4.48%	0.14%
32	South Indian Bank	9,706	92.53%	7.37%	0.10%
33	Karur Vysya Bank Limited	9,922	88.80%	9.80%	1.40%
34	Punjab & Sind Bank	9,285	91.22%	7.92%	0.86%
35	RBL BANK	8,262	80.50%	9.71%	9.79%
36	Tamilnad Mercantile Bank	6,859	92.72%	7.17%	0.10%
37	DCB Bank	6,634	95.31%	4.61%	0.08%
38	City Union Bank	5,398	92.90%	6.85%	0.24%
39	HSBC Bank	5,214	86.80%	6.27%	6.92%
40	The Surat People's Co-op Bank Ltd.	4,631	89.57%	10.28%	0.15%
41	SVC Co-operative Bank Limited	4,096	95.63%	4.35%	0.02%
42	TJSB Sahakari Bank Limited	3,457	92.28%	7.67%	0.06%
43	The Ahmedabad Mercantile Co-operative Bank Limited	2,772	94.48%	2.13%	3.39%
44	Utkarsh Small Finance Bank Ltd.	2,338	90.33%	3.29%	6.37%
45	The Jammu & Kashmir Bank Ltd	7,877	22.33%	5.81%	71.85%
46	Janata Sahakari Bank Ltd	1,197	90.56%	8.52%	0.92%
47	Dhanlaxmi Bank Limited	1,076	90.89%	9.01%	0.09%
48	GP Parsik Sahakari Bank Limited	969	93.60%	6.40%	0.00%
49	CSB Bank	863	88.30%	9.73%	1.97%
50	Nutan Nagarik Sahakari Bank Ltd.	794	90.05%	4.16%	5.79%
51	Deustche Bank	212	84.91%	0.94%	14.15%

Note:

Cases which are expired (after the specified time limit) have been excluded.

Remarks

Mandate Creation means a transaction where the customer has created a successful block of amount in the bank account for an IPO application.

UPI IPO Remitter - Mandate Execution (Jan'24)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank of India	91,024	100.00%	0.00%	0.00%
2	HDFC Bank Ltd	55,444	100.00%	0.00%	0.00%
3	ICICI Bank	34,235	100.00%	0.00%	0.00%
4	Bank of Baroda	29,737	100.00%	0.00%	0.00%
5	Axis Bank	22,957	100.00%	0.00%	0.00%
6	Punjab National Bank	18,070	100.00%	0.00%	0.00%
7	Kotak Mahindra Bank	17,438	100.00%	0.00%	0.00%
8	Union Bank of India	13,930	100.00%	0.00%	0.00%
9	Bank of India	12,833	100.00%	0.00%	0.00%
10	Canara Bank	9,273	100.00%	0.00%	0.00%
11	IDBI Bank Limited	5,189	100.00%	0.00%	0.00%
12	Central Bank of India.	5,153	100.00%	0.00%	0.00%
13	Indian Bank	4,329	99.93%	0.00%	0.07%
14	Indusind Bank	2,824	100.00%	0.00%	0.00%
15	Yes Bank	2,779	100.00%	0.00%	0.00%
16	IDFC FIRST Bank	2,763	100.00%	0.00%	0.00%
17	UCO Bank	2,669	100.00%	0.00%	0.00%
18	Bank of Maharashtra	2,325	100.00%	0.00%	0.00%
19	Indian Overseas Bank	1,896	100.00%	0.00%	0.00%
20	The Federal Bank Limited	1,862	100.00%	0.00%	0.00%
21	Citibank	1,460	100.00%	0.00%	0.00%
22	AU Small Finance Bank	1,439	100.00%	0.00%	0.00%
23	The Mehsana Urban Co-operative Bank Limited	1,323	100.00%	0.00%	0.00%
24	Rajkot Nagarik Sahakari Bank Ltd.	1,104	100.00%	0.00%	0.00%
25	Karnataka Bank Limited	1,013	100.00%	0.00%	0.00%
26	Standard Chartered Bank	975	100.00%	0.00%	0.00%
27	Bandhan Bank	906	100.00%	0.00%	0.00%
28	Saraswat Co-operative Bank Limited	816	100.00%	0.00%	0.00%
29	DBS Bank India Limited	591	100.00%	0.00%	0.00%
30	South Indian Bank	511	100.00%	0.00%	0.00%
31	Punjab & Sind Bank	456	100.00%	0.00%	0.00%
32	The Kalupur Commercial Co-operative Bank Ltd.	453	100.00%	0.00%	0.00%
33	Tamilnad Mercantile Bank	383	100.00%	0.00%	0.00%
34	Equitas Small Finance Bank	361	100.00%	0.00%	0.00%
35	RBL BANK	354	100.00%	0.00%	0.00%
36	City Union Bank	324	100.00%	0.00%	0.00%
37	DCB Bank	291	100.00%	0.00%	0.00%
38	HSBC Bank	251	100.00%	0.00%	0.00%
39	SVC Co-operative Bank Limited	195	100.00%	0.00%	0.00%
40	The Surat People's Co-op Bank Ltd.	190	100.00%	0.00%	0.00%
41	TJSB Sahakari Bank Limited	172	100.00%	0.00%	0.00%
42	The Jammu & Kashmir Bank Ltd	152	100.00%	0.00%	0.00%
43	The Ahmedabad Mercantile Co-operative Bank Limited	120	100.00%	0.00%	0.00%
44	Utkarsh Small Finance Bank Ltd.	88	100.00%	0.00%	0.00%
45	Dhanlaxmi Bank Limited	64	100.00%	0.00%	0.00%
46	Janata Sahakari Bank Ltd	53	100.00%	0.00%	0.00%
47	Karur Vysya Bank Limited	555	7.21%	0.00%	92.79%
48	GP Parsik Sahakari Bank Limited	38	100.00%	0.00%	0.00%
49	Nutan Nagarik Sahakari Bank Ltd.	33	100.00%	0.00%	0.00%
50	CSB Bank	45	100.00%	0.00%	0.00%

Note:

Mandate execution relate only to IPO applications for which the shares have been allotted.
Business Declines (BD) and Technical Declines (TD) are at the time of online transactions and such declines are manually processed within 24 hrs to 48 hrs.

Remarks

Mandate Execution means transaction where the customer has applied for an IPO and has been allotted shares for which the funds are debited from the applicant’s account.

IPO Banks Performance (Dec'23)

UPI IPO Remitter - Mandate Creation (Dec'23)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	55,19,710	93.57%	5.88%	0.55%
2	HDFC BANK LTD	33,15,997	95.73%	4.15%	0.13%
3	ICICI Bank	20,85,102	97.15%	2.77%	0.08%
4	Bank of Baroda	19,53,626	92.85%	6.89%	0.27%
5	Axis Bank	13,74,173	95.73%	4.21%	0.06%
6	Punjab National Bank	9,80,067	94.49%	5.40%	0.11%
7	Kotak Mahindra Bank	9,42,358	95.02%	4.80%	0.18%
8	Union Bank of India	8,00,710	94.69%	5.04%	0.27%
9	Bank of India	7,88,947	95.15%	4.72%	0.13%
10	Canara Bank	4,82,691	93.39%	6.35%	0.26%
11	IDBI Bank Limited	3,30,662	95.27%	4.56%	0.17%
12	Central Bank of India	3,26,578	92.85%	4.76%	2.39%
13	Indian Bank	2,42,715	84.70%	7.31%	7.99%
14	IDFC FIRST Bank	1,97,696	93.23%	6.58%	0.19%
15	Indusind Bank	1,89,636	93.57%	5.17%	1.26%
16	Yes Bank	1,66,434	88.96%	10.86%	0.17%
17	UCO Bank	1,64,211	88.23%	11.47%	0.31%
18	Bank of Maharashtra	1,43,970	90.60%	5.90%	3.50%
19	Indian Overseas Bank	1,08,130	91.34%	8.15%	0.50%
20	AU Small Finance Bank	1,02,943	93.94%	5.97%	0.09%
21	The Mehsana Urban Co-operative Bank Limited	1,01,684	88.95%	9.63%	1.42%
22	The Federal Bank Limited	98,184	90.99%	8.93%	0.08%
23	Citibank	68,386	94.58%	5.33%	0.09%
24	Rajkot Nagarik Sahakari Bank Ltd.	62,052	90.39%	4.22%	5.39%
25	Bandhan Bank	57,536	85.72%	14.17%	0.11%
26	Karnataka Bank Limited	55,009	82.27%	8.09%	9.64%
27	Saraswat Co-operative Bank Limited	54,932	92.47%	6.51%	1.02%
28	Standard Chartered Bank	52,670	94.71%	5.12%	0.16%
29	The Kalupur Commercial Co-operative Bank Ltd.	36,736	94.77%	4.42%	0.81%
30	Punjab & Sind Bank	35,623	56.81%	6.30%	36.89%
31	Karur Vysya Bank Limited	30,385	80.78%	8.81%	10.41%
32	DBS Bank India Limited	29,674	95.87%	4.05%	0.08%
33	South Indian Bank	28,235	92.34%	7.42%	0.23%
34	RBL BANK	24,838	80.71%	8.82%	10.47%
35	Equitas Small Finance Bank	24,263	94.37%	5.46%	0.17%
36	Tamilnad Mercantile Bank	18,878	90.00%	8.46%	1.54%
37	DCB Bank	17,013	93.55%	5.88%	0.56%
38	City Union Bank	16,831	91.59%	8.04%	0.36%
39	The Jammu & Kashmir Bank Ltd	16,294	22.32%	36.73%	40.95%
40	HSBC Bank	15,782	83.09%	11.60%	5.31%
41	The Surat People's Co-op Bank Ltd.	14,480	89.87%	9.85%	0.28%
42	SVC Co-operative Bank Limited	12,813	95.92%	3.76%	0.32%
43	TJSB Sahakari Bank Limited	10,708	90.17%	9.52%	0.32%
44	The Ahmedabad Mercantile Co-operative Bank Limited	8,605	93.35%	1.71%	4.94%
45	Utkarsh Small Finance Bank Ltd.	5,472	83.79%	4.66%	11.55%
46	Janata Sahakari Bank Ltd	3,842	91.10%	8.80%	0.10%
47	Dhanlaxmi Bank Limited	3,165	87.20%	12.58%	0.22%
48	GP Parsik Sahakari Bank Limited	2,847	94.70%	5.13%	0.18%
49	The Catholic Syrian Bank Limited	2,636	85.05%	10.74%	4.21%
50	Nutan Nagarik Sahakari Bank Ltd.	2,417	82.87%	7.20%	9.93%
51	Deustche Bank	592	75.68%	1.35%	22.97%

Note:

Cases which are expired (after the specified time limit) have been excluded.

Remarks

Mandate Creation means a transaction where the customer has created a successful block of amount in the bank account for an IPO application.

UPI IPO Remitter - Mandate Execution (Dec'23)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank of India	2,89,324	100.00%	0.00%	0.00%
2	HDFC Bank Ltd.	1,75,304	100.00%	0.00%	0.00%
3	ICICI Bank	1,04,202	100.00%	0.00%	0.00%
4	Bank of Baroda	99,688	100.00%	0.00%	0.00%
5	Axis Bank	73,770	100.00%	0.00%	0.00%
6	Punjab National Bank	51,644	100.00%	0.00%	0.00%
7	Union Bank of India	41,913	100.00%	0.00%	0.00%
8	Bank of India	41,114	100.00%	0.00%	0.00%
9	Kotak Mahindra Bank	45,965	100.00%	0.00%	0.00%
10	Canara Bank	24,869	100.00%	0.00%	0.00%
11	IDBI Bank Limited	16,274	100.00%	0.00%	0.00%
12	Central Bank of India.	16,614	99.99%	0.01%	0.00%
13	Indian Bank	11,571	100.00%	0.00%	0.00%
14	IDFC FIRST Bank	8,739	100.00%	0.00%	0.00%
15	Indusind Bank	8,741	100.00%	0.00%	0.00%
16	Yes Bank	7,973	100.00%	0.00%	0.00%
17	UCO Bank	8,106	100.00%	0.00%	0.00%
18	Bank of Maharashtra	6,890	100.00%	0.00%	0.00%
19	Indian Overseas Bank	5,568	100.00%	0.00%	0.00%
20	The Mehsana Urban Co-operative Bank Limited	4,928	100.00%	0.00%	0.00%
21	The Federal Bank Limited	4,854	100.00%	0.00%	0.00%
22	AU Small Finance Bank	4,456	100.00%	0.00%	0.00%
23	Citibank	3,420	100.00%	0.00%	0.00%
24	Rajkot Nagarik Sahakari Bank Ltd.	3,284	100.00%	0.00%	0.00%
25	Bandhan Bank	2,655	100.00%	0.00%	0.00%
26	Standard Chartered Bank	2,541	100.00%	0.00%	0.00%
27	Saraswat Co-operative Bank Limited	2,669	100.00%	0.00%	0.00%
28	Karnataka Bank Limited	2,423	100.00%	0.00%	0.00%
29	The Kalupur Commercial Co-operative Bank Ltd.	1,884	100.00%	0.00%	0.00%
30	DBS Bank India Limited	1,566	100.00%	0.00%	0.00%
31	South Indian Bank	1,476	99.93%	0.07%	0.00%
32	Karur Vysya Bank Limited	1,383	17.86%	82.14%	0.00%
33	Equitas Small Finance Bank	999	100.00%	0.00%	0.00%
34	Punjab & Sind Bank	1,042	100.00%	0.00%	0.00%
35	RBL BANK	1,041	100.00%	0.00%	0.00%
36	DCB Bank	871	100.00%	0.00%	0.00%
37	City Union Bank	829	100.00%	0.00%	0.00%
38	The Surat People's Co-op Bank Ltd.	750	100.00%	0.00%	0.00%
39	Tamilnad Mercantile Bank	947	100.00%	0.00%	0.00%
40	SVC Co-operative Bank Limited	624	100.00%	0.00%	0.00%
41	HSBC Bank	669	100.00%	0.00%	0.00%
42	TJSB Sahakari Bank Limited	536	100.00%	0.00%	0.00%
43	The Ahmedabad Mercantile Co-operative Bank Limited	445	100.00%	0.00%	0.00%
44	Utkarsh Small Finance Bank Ltd.	218	100.00%	0.00%	0.00%
45	The Jammu & Kashmir Bank Ltd	182	100.00%	0.00%	0.00%
46	Janata Sahakari Bank Ltd	177	100.00%	0.00%	0.00%
47	Dhanlaxmi Bank Limited	148	100.00%	0.00%	0.00%
48	The Catholic Syrian Bank Limited	140	100.00%	0.00%	0.00%
49	GP Parsik Sahakari Bank Limited	120	100.00%	0.00%	0.00%
50	Nutan Nagarik Sahakari Bank Ltd.	97	100.00%	0.00%	0.00%
51	Deustche Bank	9	100.00%	0.00%	0.00%

Note:

Mandate execution relate only to IPO applications for which the shares have been allotted.
Business Declines (BD) and Technical Declines (TD) are at the time of online transactions and such declines are manually processed within 24 hrs to 48 hrs.

Remarks

Mandate Execution means transaction where the customer has applied for an IPO and has been allotted shares for which the funds are debited from the applicant’s account.

IPO Banks Performance (Nov'23)

UPI IPO Remitter - Mandate Creation (Nov'23)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank of India	32,91,074	91.35%	7.57%	1.08%
2	HDFC BANK LTD	20,56,572	94.75%	5.21%	0.04%
3	ICICI Bank	13,59,425	96.66%	3.29%	0.05%
4	Bank of Baroda	10,54,027	92.58%	7.38%	0.04%
5	Axis Bank	8,19,999	94.99%	4.96%	0.04%
6	Punjab National Bank	5,56,575	92.82%	7.07%	0.11%
7	Kotak Mahindra Bank	5,28,706	94.86%	5.10%	0.04%
8	Union Bank of India	456935	94.32%	5.62%	0.07%
9	Bank Of India	4,47,491	95.07%	4.88%	0.05%
10	Canara Bank	2,84,571	92.89%	6.81%	0.30%
11	IDBI Bank Limited	2,01,280	94.85%	5.01%	0.14%
12	Central Bank Of India	1,80,757	92.42%	4.69%	2.89%
13	Indian Bank	135839	89.61%	9.77%	0.61%
14	IDFC FIRST Bank	1,17,543	93.02%	6.77%	0.21%
15	INDUSIND BANK	1,12,113	92.62%	6.85%	0.53%
16	Yes Bank Ltd	1,00,908	90.24%	9.42%	0.34%
17	UCO Bank	93,252	88.46%	11.47%	0.07%
18	Bank of Maharashtra	86,908	89.27%	6.79%	3.94%
19	Indian Overseas Bank	69,149	82.90%	16.86%	0.24%
20	Federal Bank	64,141	88.70%	10.84%	0.46%
21	Citibank	54,829	94.60%	5.20%	0.20%
22	AU Small Finance bank	54,009	93.55%	6.12%	0.33%
23	The Mehsana Urban Co-Operative Bank Ltd.	52,540	94.37%	5.54%	0.09%
24	Standard Chartered	37,872	94.12%	5.40%	0.48%
25	Saraswat Bank	35,381	92.98%	6.72%	0.30%
26	Rajkot Nagrik Sahakari Bank Ltd.	34,856	96.37%	3.60%	0.03%
27	Bandhan Bank	34,086	83.54%	16.35%	0.11%
28	Karnataka Bank	31,642	90.65%	7.67%	1.68%
29	Karur Vysya Bank	21,463	75.59%	10.90%	13.51%
30	South Indian Bank	20,927	90.37%	9.25%	0.38%
31	DBS BANK LTD	19,299	96.06%	3.92%	0.02%
32	The Kalupur commercial co-op bank Ltd.	19,075	95.40%	4.57%	0.04%
33	RBL	17,513	81.41%	10.93%	7.65%
34	HSBC	15,578	51.15%	48.70%	0.15%
35	Punjab and Sind Bank	14,583	89.59%	9.91%	0.50%
36	Equitas Bank	14,417	93.32%	6.60%	0.08%
37	City Union Bank	12,291	91.20%	8.71%	0.09%
38	Tamilnad Mercantile Bank	11,757	92.46%	7.51%	0.03%
39	DCB Bank Ltd	9,788	90.52%	9.40%	0.08%
40	Svc co-operative bank ltd	8,356	95.56%	4.37%	0.07%
41	Jammu and Kashmir Bank	8,156	46.48%	52.00%	1.52%
42	Surat People Cooperative Bank	7,233	92.02%	7.83%	0.15%
43	TJSB	7,111	90.10%	9.38%	0.52%
44	THE AHMEDABAD MERCANTILE CO OP BANK LTD	4,905	94.68%	2.00%	3.32%
45	Janata Sahakari Bank Ltd. Pune	3,019	91.05%	8.88%	0.07%
46	Utkarsh Small Finance Bank	2,550	90.90%	8.98%	0.12%
47	Dhanlaxmi Bank Ltd	2,310	86.54%	13.33%	0.13%
48	Catholic Syrian Bank	2,111	81.62%	11.89%	6.49%

Note:

Cases which are expired (after the specified time limit) have been excluded.

Remarks

Mandate Creation means a transaction where the customer has created a successful block of amount in the bank account for an IPO application.

UPI IPO Remitter - Mandate Execution (Nov'23)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank of India	4,08,994	99.99%	0.00%	0.01%
2	HDFC BANK LTD	2,60,868	99.99%	0.00%	0.01%
3	ICICI Bank	1,67,754	99.99%	0.00%	0.01%
4	Bank of Baroda	1,34,026	100.00%	0.00%	0.00%
5	Axis Bank	1,04,890	100.00%	0.00%	0.00%
6	Punjab National Bank	71,502	100.00%	0.00%	0.00%
7	Union Bank of India	59,716	100.00%	0.00%	0.00%
8	Kotak Mahindra Bank	58,869	100.00%	0.00%	0.00%
9	Bank Of India	57,973	100.00%	0.00%	0.00%
10	Canara Bank	36,262	100.00%	0.00%	0.00%
11	IDBI Bank Limited	25,410	100.00%	0.00%	0.00%
12	Central Bank Of India	22,769	99.99%	0.00%	0.01%
13	Indian Bank	16,792	100.00%	0.00%	0.00%
14	IDFC FIRST Bank	14,247	99.99%	0.00%	0.01%
15	INDUSIND BANK	13,688	100.00%	0.00%	0.00%
16	Yes Bank Ltd	12,574	100.00%	0.00%	0.00%
17	UCO Bank	11,377	100.00%	0.00%	0.00%
18	Bank of Maharashtra	10,167	100.00%	0.00%	0.00%
19	Federal Bank	7,916	100.00%	0.00%	0.00%
20	Indian Overseas Bank	7,719	100.00%	0.00%	0.00%
21	Citibank	6,811	100.00%	0.00%	0.00%
22	The Mehsana Urban Co-Operative Bank Ltd.	6,547	100.00%	0.00%	0.00%
23	AU Small Finance bank	6,342	100.00%	0.00%	0.00%
24	Rajkot Nagrik Sahakari Bank Ltd.	4,807	100.00%	0.00%	0.00%
25	Standard Chartered	4,689	100.00%	0.00%	0.00%
26	Saraswat Bank	4,242	100.00%	0.00%	0.00%
27	Karnataka Bank	3,899	100.00%	0.00%	0.00%
28	Bandhan Bank	3,827	100.00%	0.00%	0.00%
29	South Indian Bank	2,743	100.00%	0.00%	0.00%
30	The Kalupur commercial co-op bank Ltd.	2,492	100.00%	0.00%	0.00%
31	DBS BANK LTD	2,440	100.00%	0.00%	0.00%
32	Karur Vysya Bank	2,127	21.16%	0.00%	78.84%
33	Punjab and Sind Bank	1,811	100.00%	0.00%	0.00%
34	RBL	1,719	100.00%	0.00%	0.00%
35	Equitas Bank	1,628	100.00%	0.00%	0.00%
36	Tamilnad Mercantile Bank	1,583	100.00%	0.00%	0.00%
37	City Union Bank	1,487	100.00%	0.00%	0.00%
38	DCB Bank Ltd	1,217	100.00%	0.00%	0.00%
39	Svc co-operative bank ltd	1,051	100.00%	0.00%	0.00%
40	HSBC	1,034	100.00%	0.00%	0.00%
41	Surat People Cooperative Bank	923	100.00%	0.00%	0.00%
42	TJSB	792	100.00%	0.00%	0.00%
43	THE AHMEDABAD MERCANTILE CO OP BANK LTD	695	100.00%	0.00%	0.00%
44	Jammu and Kashmir Bank	410	100.00%	0.00%	0.00%
45	Janata Sahakari Bank Ltd. Pune	340	100.00%	0.00%	0.00%
46	Catholic Syrian Bank	294	100.00%	0.00%	0.00%
47	Dhanlaxmi Bank Ltd	286	100.00%	0.00%	0.00%
48	Utkarsh Small Finance Bank	282	100.00%	0.00%	0.00%
49	GP PARSIK BANK	208	100.00%	0.00%	0.00%
50	Deutsche Bank	3	100.00%	0.00%	0.00%

Note:

Mandate execution relate only to IPO applications for which the shares have been allotted.
Business Declines (BD) and Technical Declines (TD) are at the time of online transactions and such declines are manually processed within 24 hrs to 48 hrs.

Remarks

Mandate Execution means transaction where the customer has applied for an IPO and has been allotted shares for which the funds are debited from the applicant’s account.

IPO Banks Performance (Oct'23)

UPI IPO Remitter - Mandate Creation (Oct'23)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	6,77,064	93.93%	0.76%	5.31%
2	HDFC BANK LTD	3,89,570	95.70%	0.52%	3.77%
3	Bank of Baroda	2,65,043	94.20%	0.64%	5.15%
4	ICICI Bank	2,40,238	97.31%	0.45%	2.24%
5	Axis Bank Ltd.	1,67,008	95.95%	0.66%	3.38%
6	Punjab National Bank	1,22,635	93.27%	1.09%	5.64%
7	Bank of India	1,07,872	95.84%	0.68%	3.48%
8	Kotak Mahindra Bank	1,06,794	95.62%	0.80%	3.58%
9	Union Bank of India	1,02,938	93.58%	0.90%	5.52%
10	Central Bank Of India	63,226	45.85%	0.68%	53.47%
11	Canara Bank	56,774	93.59%	0.94%	5.46%
12	IDBI Bank Limited	42,170	95.14%	0.67%	4.19%
13	Indian Bank	27,355	92.65%	1.23%	6.12%
14	IDFC FIRST Bank	24,046	94.12%	0.55%	5.33%
15	INDUSIND BANK	23,342	94.27%	0.89%	4.84%
16	Yes Bank Ltd	23,261	92.40%	0.71%	6.89%
17	UCO Bank	20,997	91.86%	0.89%	7.25%
18	The Mehsana Urban Co-Operative Bank Ltd.	17,580	95.26%	0.18%	4.56%
19	Bank of Maharashtra	13,500	90.60%	0.87%	8.53%
20	AU Small Finance bank	13,470	93.05%	2.31%	4.64%
21	Indian Overseas Bank	12,681	91.15%	1.11%	7.74%
22	Rajkot Nagrik Sahakari Bank Ltd.	12,336	96.03%	0.24%	3.73%
23	Federal Bank	10,485	91.80%	1.64%	6.56%
24	Bandhan Bank	8,824	58.08%	0.88%	41.04%
25	Citibank	7,314	96.39%	0.44%	3.17%
26	Karnataka Bank	6,013	91.10%	0.75%	8.15%
27	Saraswat Bank	5,921	93.82%	0.47%	5.71%
28	Standard Chartered	5,489	95.81%	0.89%	3.30%
29	Kalupur Commercial Cooperative Bank	5,277	95.72%	0.66%	3.62%
30	Equitas Bank	3,832	95.77%	0.60%	3.63%
31	DBS BANK LTD	3,329	96.76%	0.87%	2.37%
32	Punjab and Sind Bank	3,315	89.68%	1.21%	9.11%
33	Karur Vysya Bank	3,244	75.68%	0.80%	23.52%
34	South Indian Bank	3,223	93.61%	0.56%	5.83%
35	RBL	2,996	89.12%	0.60%	10.28%
36	Tamilnad Mercantile Bank	2,762	91.78%	0.76%	7.46%
37	Surat People Cooperative Bank	2,513	54.44%	0.60%	44.97%
38	DCB Bank Ltd	2,348	90.20%	0.85%	8.94%
39	HSBC	1,970	79.34%	0.61%	20.05%
40	City Union Bank	1,829	93.82%	0.66%	5.52%
41	Jammu and Kashmir Bank	1,612	0.00%	2.23%	97.77%
42	Svc co-operative bank ltd	1,447	95.72%	0.41%	3.87%
43	THE AHMEDABAD MERCANTILE CO OP BANK LTD	1,364	90.62%	0.66%	8.72%
44	TJSB	995	93.97%	0.10%	5.93%
45	Utkarsh Small Finance Bank	594	89.73%	0.34%	9.93%
46	Janata Sahakari Bank Ltd. Pune	376	94.15%	0.00%	5.85%
47	Dhanlaxmi Bank Ltd	350	88.29%	0.29%	11.43%
48	Catholic Syrian Bank	260	79.23%	0.38%	20.38%
49	GP PARSIK BANK	250	96.00%	0.80%	3.20%
50	Deutsche Bank	75	82.67%	0.00%	17.33%

Note:

Cases which are expired (after the specified time limit) have been excluded.

Remarks

Mandate Creation means a transaction where the customer has created a successful block of amount in the bank account for an IPO application.

UPI IPO Remitter - Mandate Execution (Oct'23)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	53,636	100.00%	0.00%	0.00%
2	HDFC BANK LTD	29,837	100.00%	0.00%	0.00%
3	Bank of Baroda	21,599	100.00%	0.00%	0.00%
4	ICICI Bank	18,969	100.00%	0.00%	0.00%
5	Axis Bank Ltd.	13,370	100.00%	0.00%	0.00%
6	Punjab National Bank	10,104	100.00%	0.00%	0.00%
7	Kotak Mahindra Bank	9,117	100.00%	0.00%	0.00%
8	Bank of India	8,877	100.00%	0.00%	0.00%
9	Union Bank of India	8,494	100.00%	0.00%	0.00%
10	Canara Bank	4,708	100.00%	0.00%	0.00%
11	IDBI Bank Limited	3,523	100.00%	0.00%	0.00%
12	Central Bank Of India	3,054	100.00%	0.00%	0.00%
13	Indian Bank	2,357	100.00%	0.00%	0.00%
14	INDUSIND BANK	1,905	100.00%	0.00%	0.00%
15	Yes Bank Ltd	1,815	100.00%	0.00%	0.00%
16	IDFC FIRST Bank	1,807	100.00%	0.00%	0.00%
17	UCO Bank	1,720	100.00%	0.00%	0.00%
18	The Mehsana Urban Co-Operative Bank Ltd.	1,527	100.00%	0.00%	0.00%
19	Rajkot Nagrik Sahakari Bank Ltd.	1,179	100.00%	0.00%	0.00%
20	Indian Overseas Bank	1,085	100.00%	0.00%	0.00%
21	Bank of Maharashtra	999	100.00%	0.00%	0.00%
22	AU Small Finance bank	981	100.00%	0.00%	0.00%
23	Federal Bank	873	100.00%	0.00%	0.00%
24	Citibank	591	100.00%	0.00%	0.00%
25	Bandhan Bank	501	100.00%	0.00%	0.00%
26	Karnataka Bank	498	100.00%	0.00%	0.00%
27	Saraswat Bank	485	100.00%	0.00%	0.00%
28	Standard Chartered	413	100.00%	0.00%	0.00%
29	Kalupur Commercial Cooperative Bank	410	100.00%	0.00%	0.00%
30	South Indian Bank	290	100.00%	0.00%	0.00%
31	DBS BANK LTD	278	100.00%	0.00%	0.00%
32	Tamilnad Mercantile Bank	266	100.00%	0.00%	0.00%
33	Equitas Bank	255	100.00%	0.00%	0.00%
34	Punjab and Sind Bank	243	100.00%	0.00%	0.00%
35	RBL	193	100.00%	0.00%	0.00%
36	DCB Bank Ltd	185	100.00%	0.00%	0.00%
37	City Union Bank	181	100.00%	0.00%	0.00%
38	Svc co-operative bank ltd	125	100.00%	0.00%	0.00%
39	HSBC	125	100.00%	0.00%	0.00%
40	Surat People Cooperative Bank	118	100.00%	0.00%	0.00%
41	THE AHMEDABAD MERCANTILE CO OP BANK LTD	98	100.00%	0.00%	0.00%
42	TJSB	83	100.00%	0.00%	0.00%
43	Karur Vysya Bank	257	27.24%	0.00%	72.76%
44	Janata Sahakari Bank Ltd. Pune	38	100.00%	0.00%	0.00%
45	Utkarsh Small Finance Bank	36	100.00%	0.00%	0.00%
46	Dhanlaxmi Bank Ltd	24	100.00%	0.00%	0.00%
47	Catholic Syrian Bank	22	100.00%	0.00%	0.00%
48	GP PARSIK BANK	21	100.00%	0.00%	0.00%
49	Deutsche Bank	2	100.00%	0.00%	0.00%

Note:

Mandate execution relate only to IPO applications for which the shares have been allotted.
Business Declines (BD) and Technical Declines (TD) are at the time of online transactions and such declines are manually processed within 24 hrs to 48 hrs.

Remarks

Mandate Execution means transaction where the customer has applied for an IPO and has been allotted shares for which the funds are debited from the applicant’s account.

IPO Banks Performance (Sep'23)

UPI IPO Remitter - Mandate Creation (Sep'23)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	16,20,323	93.61%	0.99%	5.41%
2	HDFC BANK LTD	9,68,115	95.51%	0.77%	3.72%
3	ICICI Bank	6,29,788	96.47%	0.59%	2.94%
4	Bank of Baroda	6,08,908	93.26%	0.88%	5.87%
5	Axis Bank Ltd.	4,07,083	95.35%	1.03%	3.62%
6	Punjab National Bank	2,94,131	92.54%	1.38%	6.08%
7	Kotak Mahindra Bank	2,64,205	95.20%	0.92%	3.88%
8	Bank of India	2,50,481	95.27%	0.92%	3.81%
9	Union Bank of India	2,37,217	94.38%	1.11%	4.51%
10	Canara Bank	1,35,033	93.58%	1.15%	5.27%
11	IDBI Bank Limited	1,07,482	94.93%	0.89%	4.18%
12	Central Bank Of India	1,09,446	85.78%	1.00%	13.23%
13	Indian Bank	65,071	90.55%	1.35%	8.09%
14	IDFC FIRST Bank	58,238	93.19%	0.83%	5.98%
15	INDUSIND BANK	55,929	92.80%	1.08%	6.12%
16	Yes Bank Ltd	55,758	89.79%	0.99%	9.23%
17	UCO Bank	48,380	89.05%	1.23%	9.73%
18	The Mehsana Urban Co-Operative Bank Ltd.	39,508	92.24%	0.60%	7.16%
19	Bank of Maharashtra	33,950	87.70%	0.87%	11.43%
20	AU Small Finance bank	30,668	94.35%	0.90%	4.75%
21	Indian Overseas Bank	31,572	85.25%	1.13%	13.62%
22	Rajkot Nagrik Sahakari Bank Ltd.	24,855	94.23%	0.47%	5.29%
23	Federal Bank	25,182	90.90%	1.63%	7.47%
24	Citibank	21,021	90.51%	0.63%	8.86%
25	Bandhan Bank	18,630	93.37%	1.12%	5.51%
26	Standard Chartered	15,560	93.79%	0.93%	5.28%
27	Saraswat Bank	14,913	93.66%	0.56%	5.77%
28	Karnataka Bank	14,510	89.49%	1.29%	9.22%
29	Kalupur Commercial Cooperative Bank	12,036	94.25%	1.01%	4.74%
30	DBS BANK LTD	8,343	96.30%	1.10%	2.60%
31	South Indian Bank	8,293	92.16%	0.65%	7.19%
32	Equitas Bank	8,192	92.55%	1.07%	6.37%
33	Punjab and Sind Bank	8,160	91.78%	1.69%	6.53%
34	RBL	7,319	88.48%	0.90%	10.62%
35	Karur Vysya Bank	7,883	74.32%	1.01%	24.66%
36	Tamilnad Mercantile Bank	5,788	92.05%	0.66%	7.29%
37	DCB Bank Ltd	5,324	92.58%	1.03%	6.39%
38	HSBC	4,504	91.98%	1.07%	6.95%
39	City Union Bank	4,371	92.66%	0.92%	6.43%
40	Surat People Cooperative Bank	3,932	89.22%	1.17%	9.61%
41	Svc co-operative bank ltd	3,427	95.62%	0.50%	3.88%
42	THE AHMEDABAD MERCANTILE CO OP BANK LTD	3,016	91.81%	1.49%	6.70%
43	TJSB	2,647	91.24%	0.72%	8.05%
44	Utkarsh Small Finance Bank	1,275	88.86%	1.10%	10.04%
45	Jammu and Kashmir Bank	4,813	19.97%	1.27%	78.77%
46	Janata Sahakari Bank Ltd. Pune	901	92.23%	0.44%	7.33%
47	Dhanlaxmi Bank Ltd	875	92.11%	0.46%	7.43%
48	GP PARSIK BANK	688	94.04%	2.03%	3.92%
49	Catholic Syrian Bank	971	58.19%	0.51%	41.30%
50	Deutsche Bank	169	84.62%		15.38%

Note:

Cases which are expired (after the specified time limit) have been excluded.

Remarks

Mandate Creation means a transaction where the customer has created a successful block of amount in the bank account for an IPO application.

UPI IPO Remitter - Mandate Execution (Sep'23)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	1,78,303	100.00%	0.00%	0.00%
2	HDFC BANK LTD	1,05,028	100.00%	0.00%	0.00%
3	ICICI Bank	68,144	99.86%	0.13%	0.00%
4	Bank of Baroda	61,659	100.00%	0.00%	0.00%
5	Axis Bank Ltd.	45,349	100.00%	0.00%	0.00%
6	Punjab National Bank	33,327	99.60%	0.00%	0.40%
7	Bank of India	26,078	99.79%	0.00%	0.20%
8	Union Bank of India	26,961	96.56%	0.00%	3.44%
9	Kotak Mahindra Bank	22,234	100.00%	0.00%	0.00%
10	Canara Bank	15,492	100.00%	0.00%	0.00%
11	IDBI Bank Limited	11,125	100.00%	0.00%	0.00%
12	Central Bank Of India	10,348	94.11%	0.00%	5.89%
13	Indian Bank	7,539	86.31%	0.01%	13.68%
14	Yes Bank Ltd	5,812	100.00%	0.00%	0.00%
15	IDFC FIRST Bank	5,589	100.00%	0.00%	0.00%
16	INDUSIND BANK	5,508	99.62%	0.00%	0.38%
17	UCO Bank	5,249	96.88%	0.00%	3.12%
18	Bank of Maharashtra	3,540	99.97%	0.00%	0.03%
19	The Mehsana Urban Co-Operative Bank Ltd.	3,490	99.94%	0.00%	0.06%
20	Indian Overseas Bank	3,339	99.88%	0.00%	0.12%
21	AU Small Finance bank	3,007	99.97%	0.00%	0.03%
22	Federal Bank	2,860	100.00%	0.00%	0.00%
23	Citibank	2,502	99.92%	0.00%	0.08%
24	Rajkot Nagrik Sahakari Bank Ltd.	2,330	98.67%	0.00%	1.33%
25	Bandhan Bank	2,024	100.00%	0.00%	0.00%
26	Karnataka Bank	1,746	97.31%	0.00%	2.69%
27	Standard Chartered	1,689	98.93%	0.00%	1.07%
28	Saraswat Bank	1,421	99.93%	0.00%	0.07%
29	Kalupur Commercial Cooperative Bank	1,239	100.00%	0.00%	0.00%
30	South Indian Bank	1,009	100.00%	0.00%	0.00%
31	DBS BANK LTD	996	99.90%	0.10%	0.00%
32	Punjab and Sind Bank	860	99.77%	0.00%	0.23%
33	Tamilnad Mercantile Bank	708	100.00%	0.00%	0.00%
34	RBL	715	98.88%	0.00%	1.12%
35	Equitas Bank	763	86.50%	0.00%	13.50%
36	DCB Bank Ltd	595	100.00%	0.00%	0.00%
37	City Union Bank	531	100.00%	0.00%	0.00%
38	HSBC	494	99.39%	0.00%	0.61%
39	Surat People Cooperative Bank	437	98.17%	0.00%	1.83%
40	Svc co-operative bank ltd	388	100.00%	0.00%	0.00%
41	Karur Vysya Bank	859	41.56%	0.00%	58.44%
42	THE AHMEDABAD MERCANTILE CO OP BANK LTD	317	99.68%	0.00%	0.32%
43	TJSB	294	100.00%	0.00%	0.00%
44	Utkarsh Small Finance Bank	130	100.00%	0.00%	0.00%
45	Janata Sahakari Bank Ltd. Pune	100	100.00%	0.00%	0.00%
46	Dhanlaxmi Bank Ltd	99	96.97%	0.00%	3.03%
47	GP PARSIK BANK	65	100.00%	0.00%	0.00%
48	Catholic Syrian Bank	65	100.00%	0.00%	0.00%
49	Jammu and Kashmir Bank	36	97.22%	0.00%	2.78%
50	Deutsche Bank	8	100.00%	0.00%	0.00%

Note:

Mandate execution relate only to IPO applications for which the shares have been allotted.
Business Declines (BD) and Technical Declines (TD) are at the time of online transactions and such declines are manually processed within 24 hrs to 48 hrs.

Remarks

Mandate Execution means transaction where the customer has applied for an IPO and has been allotted shares for which the funds are debited from the applicant’s account.

IPO Banks Performance (Aug'23)

UPI IPO Remitter - Mandate Creation (Aug'23)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	1,357,713	92.78%	6.82%	0.40%
2	HDFC BANK LTD	781,077	95.18%	4.59%	0.23%
3	ICICI Bank	507,057	95.74%	3.01%	1.25%
4	Bank of Baroda	505,418	92.41%	7.28%	0.31%
5	Axis Bank Ltd.	318,582	94.98%	4.75%	0.27%
6	Punjab National Bank	247,275	89.72%	5.63%	4.64%
7	Kotak Mahindra Bank	221,524	92.38%	7.49%	0.14%
8	Bank of India	206,084	95.22%	4.55%	0.23%
9	Union Bank of India	193,764	94.33%	5.26%	0.41%
10	Canara Bank	114,998	93.52%	5.63%	0.85%
11	Central Bank Of India	87,068	91.70%	4.00%	4.31%
12	IDBI Bank Limited	85,957	94.60%	4.78%	0.62%
13	Indian Bank	54,620	91.17%	8.30%	0.53%
14	INDUSIND BANK	47,728	91.19%	5.44%	3.37%
15	IDFC FIRST Bank	43,728	93.33%	6.29%	0.38%
16	Yes Bank Ltd	41,316	90.93%	8.85%	0.22%
17	UCO Bank	39,658	89.35%	10.45%	0.20%
18	Bank of Maharashtra	31,493	93.36%	6.13%	0.52%
19	The Mehsana Urban Co-Operative Bank Ltd.	29,197	92.78%	6.81%	0.41%
20	Indian Overseas Bank	26,269	88.66%	9.59%	1.75%
21	AU Small Finance bank	22,102	93.75%	5.77%	0.48%
22	Federal Bank	21,486	90.09%	9.81%	0.10%
23	Rajkot Nagrik Sahakari Bank Ltd.	18,398	94.25%	4.96%	0.79%
24	Citibank	16,447	95.51%	4.30%	0.18%
25	Bandhan Bank	14,815	93.41%	5.52%	1.07%
26	Saraswat Bank	13,395	92.68%	6.77%	0.54%
27	Standard Chartered	12,557	95.23%	4.37%	0.40%
28	Karnataka Bank	12,421	89.75%	7.62%	2.62%
29	Kalupur Commercial Cooperative Bank	9,571	92.31%	4.52%	3.17%
30	DBS BANK LTD	7,274	95.05%	4.47%	0.48%
31	Punjab and Sind Bank	7,071	86.08%	7.61%	6.31%
32	South Indian Bank	6,738	90.99%	7.61%	1.40%
33	Karur Vysya Bank	6,283	76.76%	11.09%	12.14%
34	RBL	5,809	87.40%	10.38%	2.22%
35	Equitas Bank	5,624	93.33%	6.38%	0.28%
36	DCB Bank Ltd	5,186	59.91%	5.40%	34.69%
37	Tamilnad Mercantile Bank	4,704	92.05%	7.74%	0.21%
38	City Union Bank	3,756	92.31%	7.27%	0.43%
39	HSBC	3,751	92.99%	2.43%	4.59%
40	Surat People Cooperative Bank	3,451	87.02%	12.26%	0.72%
41	Svc co-operative bank ltd	3,141	92.77%	5.70%	1.53%
42	THE AHMEDABAD MERCANTILE CO OP BANK LTD	2,571	92.03%	3.42%	4.55%
43	TJSB	2,536	91.76%	6.90%	1.34%
44	Jammu and Kashmir Bank	2,531	65.90%	17.58%	16.52%
45	Utkarsh Small Finance Bank	993	88.22%	4.43%	7.35%
46	Janata Sahakari Bank Ltd. Pune	894	91.16%	8.28%	0.56%
47	Dhanlaxmi Bank Ltd	815	89.69%	9.57%	0.74%
48	Catholic Syrian Bank	614	88.11%	10.42%	1.47%
49	GP PARSIK BANK	594	93.10%	6.90%	0.00%
50	Deutsche Bank	141	88.65%	0.71%	10.64%

Note:

Cases which are expired (after the specified time limit) have been excluded.

Remarks

Mandate Creation means a transaction where the customer has created a successful block of amount in the bank account for an IPO application.

UPI IPO Remitter - Mandate Execution (Aug'23)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	102,521	99.22%	0.00%	0.77%
2	HDFC BANK LTD	60,217	99.16%	0.01%	0.83%
3	Bank of Baroda	37,296	97.38%	0.00%	2.62%
4	ICICI Bank	37,979	95.17%	4.07%	0.77%
5	Axis Bank Ltd.	24,344	98.35%	0.00%	1.65%
6	Punjab National Bank	18,207	99.00%	0.00%	1.00%
7	Bank of India	15,622	99.19%	0.00%	0.81%
8	Union Bank of India	14,970	92.63%	0.01%	7.37%
9	Kotak Mahindra Bank	10,870	99.18%	0.01%	0.81%
10	Canara Bank	8,921	99.20%	0.00%	0.80%
11	Central Bank Of India	6,213	97.92%	0.03%	2.04%
12	IDBI Bank Limited	5,915	99.39%	0.00%	0.61%
13	Indian Bank	4,222	98.74%	0.43%	0.83%
14	Yes Bank Ltd	3,148	98.95%	0.00%	1.05%
15	IDFC FIRST Bank	2,909	98.87%	0.00%	1.13%
16	INDUSIND BANK	2,920	98.25%	0.00%	1.75%
17	UCO Bank	2,884	98.93%	0.00%	1.07%
18	Bank of Maharashtra	2,344	99.27%	0.00%	0.73%
19	Indian Overseas Bank	1,972	98.63%	0.00%	1.37%
20	Federal Bank	1,467	99.18%	0.00%	0.82%
21	AU Small Finance bank	1,320	98.64%	0.00%	1.36%
22	Rajkot Nagrik Sahakari Bank Ltd.	1,317	97.72%	0.00%	2.28%
23	Citibank	1,317	96.28%	1.97%	1.75%
24	Bandhan Bank	1,124	98.93%	0.00%	1.07%
25	Saraswat Bank	1,013	98.91%	0.00%	1.09%
26	Standard Chartered	952	98.95%	0.11%	0.95%
27	Karnataka Bank	929	96.66%	0.00%	3.34%
28	Kalupur Commercial Cooperative Bank	629	99.05%	0.00%	0.95%
29	The Mehsana Urban Co-Operative Bank Ltd.	1,928	29.36%	0.00%	70.64%
30	Punjab and Sind Bank	501	99.40%	0.20%	0.40%
31	South Indian Bank	502	98.80%	0.00%	1.20%
32	DBS BANK LTD	538	96.10%	3.90%	0.00%
33	RBL	376	98.94%	0.00%	1.06%
34	Tamilnad Mercantile Bank	358	99.16%	0.00%	0.84%
35	Equitas Bank	325	99.38%	0.00%	0.62%
36	HSBC	308	99.03%	0.00%	0.97%
37	City Union Bank	262	98.85%	0.00%	1.15%
38	DCB Bank Ltd	265	97.36%	0.00%	2.64%
39	Surat People Cooperative Bank	238	98.32%	0.00%	1.68%
40	Karur Vysya Bank	389	51.16%	0.00%	48.84%
41	TJSB	183	99.45%	0.00%	0.55%
42	THE AHMEDABAD MERCANTILE CO OP BANK LTD	178	96.07%	0.00%	3.93%
43	Svc co-operative bank ltd	203	66.50%	0.00%	33.50%
44	Jammu and Kashmir Bank	122	95.90%	0.00%	4.10%
45	Utkarsh Small Finance Bank	65	95.38%	0.00%	4.62%
46	Janata Sahakari Bank Ltd. Pune	61	100.00%	0.00%	0.00%
47	Dhanlaxmi Bank Ltd	53	100.00%	0.00%	0.00%
48	Catholic Syrian Bank	50	98.00%	0.00%	2.00%
49	GP PARSIK BANK	36	100.00%	0.00%	0.00%
50	Deutsche Bank	7	100.00%	0.00%	0.00%

Note:

Mandate execution relate only to IPO applications for which the shares have been allotted.
Business Declines (BD) and Technical Declines (TD) are at the time of online transactions and such declines are manually processed within 24 hrs to 48 hrs.

Remarks

Mandate Execution means transaction where the customer has applied for an IPO and has been allotted shares for which the funds are debited from the applicant’s account.

IPO Banks Performance (Jul'23)

UPI IPO Remitter - Mandate Creation (Jul'23)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	966,572	93.84%	6.10%	0.06%
2	HDFC BANK LTD	577,472	95.59%	4.24%	0.17%
3	ICICI Bank	373,306	96.76%	2.89%	0.36%
4	Bank of Baroda	365,646	92.75%	7.05%	0.20%
5	Axis Bank Ltd.	232,118	95.27%	4.71%	0.03%
6	Punjab National Bank	177,472	93.05%	6.74%	0.21%
7	Kotak Mahindra Bank	158,551	94.97%	4.92%	0.11%
8	Bank of India	152,049	95.40%	4.58%	0.02%
9	Union Bank of India	141,450	94.63%	5.24%	0.13%
10	Canara Bank	82,590	94.18%	5.48%	0.34%
11	IDBI Bank Limited	64,904	95.10%	4.68%	0.22%
12	Central Bank Of India	64,065	90.38%	4.18%	5.44%
13	Indian Bank	38,981	90.94%	8.33%	0.73%
14	INDUSIND BANK	35,605	93.91%	5.36%	0.73%
15	IDFC FIRST Bank	33,635	92.16%	6.00%	1.83%
16	Yes Bank Ltd	31,812	90.35%	9.56%	0.08%
17	UCO Bank	28,778	88.09%	11.86%	0.06%
18	Bank of Maharashtra	23,069	92.36%	5.73%	1.91%
19	The Mehsana Urban Co-Operative Bank Ltd.	20,647	92.34%	7.61%	0.05%
20	Indian Overseas Bank	18,608	91.64%	8.26%	0.10%
21	AU Small Finance bank	15,992	93.88%	5.79%	0.33%
22	Federal Bank	15,150	89.75%	10.22%	0.03%
23	Rajkot Nagrik Sahakari Bank Ltd.	14,065	93.17%	5.11%	1.72%
24	Citibank	12,932	93.29%	4.29%	2.42%
25	Bandhan Bank	11,949	86.40%	5.32%	8.28%
26	Saraswat Bank	9,946	87.86%	11.24%	0.89%
27	Standard Chartered	9,612	89.68%	7.22%	3.10%
28	Karnataka Bank	8,819	88.93%	8.29%	2.78%
29	Karur Vysya Bank	7,436	24.45%	62.71%	12.84%
30	Kalupur Commercial Cooperative Bank	6,656	95.69%	4.09%	0.23%
31	DBS BANK LTD	5,483	96.04%	3.92%	0.04%
32	South Indian Bank	5,326	92.30%	6.85%	0.84%
33	Punjab and Sind Bank	4,895	91.44%	7.99%	0.57%
34	Equitas Bank	4,431	92.26%	6.97%	0.77%
35	RBL	4,317	91.94%	7.85%	0.21%
36	Tamilnad Mercantile Bank	3,569	92.38%	7.59%	0.03%
37	DCB Bank Ltd	2,878	87.56%	6.60%	5.84%
38	HSBC	2,613	94.68%	1.91%	3.41%
39	City Union Bank	2,594	92.21%	7.71%	0.08%
40	Surat People Cooperative Bank	2,408	85.22%	13.66%	1.12%
41	Svc co-operative bank ltd	2,406	95.10%	4.82%	0.08%
42	THE AHMEDABAD MERCANTILE CO OP BANK LTD	1,887	92.47%	2.54%	4.98%
43	TJSB	1,765	90.99%	7.71%	1.30%
44	Jammu and Kashmir Bank	1,540	67.73%	19.94%	12.34%
45	Utkarsh Small Finance Bank	877	84.72%	6.16%	9.12%
46	Janata Sahakari Bank Ltd. Pune	693	93.94%	5.48%	0.58%
47	Dhanlaxmi Bank Ltd	545	91.01%	8.81%	0.18%
48	Catholic Syrian Bank	445	78.88%	13.03%	8.09%
49	GP PARSIK BANK	329	93.62%	6.38%	0.00%

Note:

Cases which are expired (after the specified time limit) have been excluded.

Remarks

Mandate Creation means a transaction where the customer has created a successful block of amount in the bank account for an IPO application.

UPI IPO Remitter - Mandate Execution (Jul'23)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	1,265,796	98.68%	0.54%	0.79%
2	HDFC BANK LTD	785,726	98.99%	0.63%	0.38%
3	ICICI Bank	525,336	99.29%	0.45%	0.26%
4	Bank of Baroda	453,646	95.80%	3.58%	0.61%
5	Axis Bank Ltd.	307,300	98.19%	0.81%	1.00%
6	Punjab National Bank	223,240	95.72%	4.12%	0.16%
7	Kotak Mahindra Bank	209,858	99.25%	0.66%	0.09%
8	Bank of India	195,840	95.11%	4.37%	0.51%
9	Union Bank of India	182,702	98.88%	0.92%	0.20%
10	Canara Bank	108,099	99.20%	0.00%	0.80%
11	IDBI Bank Limited	85,951	97.87%	0.94%	1.18%
12	Central Bank Of India	74,531	95.14%	0.50%	4.36%
13	Indian Bank	48,156	97.98%	0.67%	1.35%
14	INDUSIND BANK	45,171	98.81%	0.55%	0.64%
15	IDFC FIRST Bank	42,732	97.51%	0.22%	2.27%
16	Yes Bank Ltd	38,140	99.18%	0.81%	0.01%
17	Bank of Maharashtra	30,321	94.50%	0.19%	5.30%
18	UCO Bank	33,769	84.11%	0.19%	15.70%
19	The Mehsana Urban Co-Operative Bank Ltd.	25,506	99.18%	0.74%	0.08%
20	Indian Overseas Bank	23,425	94.57%	1.37%	4.07%
21	Citibank	19,224	98.56%	0.47%	0.97%
22	AU Small Finance bank	19,297	98.18%	1.04%	0.78%
23	Federal Bank	18,906	95.57%	1.21%	3.22%
24	Rajkot Nagrik Sahakari Bank Ltd.	16,385	96.22%	0.90%	2.89%
25	Bandhan Bank	13,542	99.28%	0.00%	0.72%
26	Saraswat Bank	12,932	98.48%	0.85%	0.67%
27	Standard Chartered	12,670	97.68%	0.01%	2.31%
28	Kalupur Commercial Cooperative Bank	8,551	98.46%	1.29%	0.26%
29	Karnataka Bank	10,915	76.08%	0.06%	23.86%
30	DBS BANK LTD	7,724	98.87%	0.60%	0.53%
31	South Indian Bank	7,197	99.10%	0.00%	0.90%
32	Punjab and Sind Bank	5,749	98.16%	1.25%	0.59%
33	RBL	5,423	98.56%	1.36%	0.07%
34	Equitas Bank	5,311	100.00%	0.00%	0.00%
35	Tamilnad Mercantile Bank	4,424	93.17%	0.00%	6.83%
36	HSBC	3,834	98.70%	0.00%	1.30%
37	Svc co-operative bank ltd	3,294	98.63%	1.06%	0.30%
38	City Union Bank	3,178	99.59%	0.00%	0.41%
39	DCB Bank Ltd	3,395	80.24%	11.75%	8.01%
40	THE AHMEDABAD MERCANTILE CO OP BANK LTD	2,363	99.24%	0.00%	0.76%
41	TJSB	2,363	98.77%	0.00%	1.23%
42	Janata Sahakari Bank Ltd. Pune	992	99.19%	0.40%	0.40%
43	Dhanlaxmi Bank Ltd	632	98.10%	0.47%	1.42%
44	Utkarsh Small Finance Bank	612	99.67%	0.16%	0.16%
45	Karur Vysya Bank	2,577	21.46%	0.00%	78.54%
46	Catholic Syrian Bank	489	95.91%	0.41%	3.68%
47	GP PARSIK BANK	454	98.02%	0.88%	1.10%
48	Surat People Cooperative Bank	2,900	0.00%	99.59%	0.41%
49	Jammu and Kashmir Bank	1,528	0.00%	0.00%	100.00%

Note:

Mandate execution relate only to IPO applications for which the shares have been allotted.
Business Declines (BD) and Technical Declines (TD) are at the time of online transactions and such declines are manually processed within 24 hrs to 48 hrs.

Remarks

Mandate Execution means transaction where the customer has applied for an IPO and has been allotted shares for which the funds are debited from the applicant’s account.

IPO Banks Performance (Jun'23)

UPI IPO Remitter - Mandate Creation (Jun'23)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	831,384	91.64%	0.14%	8.22%
2	HDFC BANK LTD	512,527	94.47%	0.14%	5.39%
3	ICICI Bank	335,824	96.41%	0.10%	3.49%
4	Bank of Baroda	303,327	89.90%	0.21%	9.89%
5	Axis Bank Ltd.	201,669	93.55%	0.10%	6.35%
6	Punjab National Bank	141,504	92.97%	0.11%	6.92%
7	Kotak Mahindra Bank	135,471	93.55%	0.39%	6.06%
8	Bank of India	126,086	94.41%	0.16%	5.43%
9	Union Bank of India	117,087	93.15%	0.23%	6.62%
10	Canara Bank	70,374	91.90%	1.70%	6.40%
11	IDBI Bank Limited	55,421	94.56%	0.33%	5.11%
12	Central Bank Of India	53,736	90.30%	5.59%	4.11%
13	Indian Bank	33,373	85.58%	3.08%	11.34%
14	INDUSIND BANK	29,261	92.78%	0.48%	6.74%
15	IDFC FIRST Bank	28,054	92.02%	0.35%	7.63%
16	Yes Bank Ltd	26,391	89.31%	0.25%	10.44%
17	UCO Bank	22,985	80.94%	4.97%	14.09%
18	Bank of Maharashtra	19,797	92.26%	0.44%	7.30%
19	The Mehsana Urban Co-Operative Bank Ltd.	16,931	93.23%	0.27%	6.50%
20	Indian Overseas Bank	15,759	88.74%	0.11%	11.15%
21	Citibank	13,194	95.66%	0.12%	4.22%
22	Federal Bank	12,755	87.76%	0.10%	12.14%
23	AU Small Finance bank	12,615	92.81%	0.36%	6.83%
24	Rajkot Nagrik Sahakari Bank Ltd.	11,196	92.41%	1.08%	6.51%
25	Standard Chartered	9,114	95.10%	0.49%	4.41%
26	Bandhan Bank	9,070	88.49%	5.29%	6.22%
27	Saraswat Bank	9,033	90.45%	0.72%	8.83%
28	Karur Vysya Bank	8,408	21.31%	10.89%	67.80%
29	Karnataka Bank	7,881	87.43%	4.39%	8.18%
30	Kalupur Commercial Cooperative Bank	5,715	88.00%	4.08%	7.92%
31	South Indian Bank	4,984	91.87%	0.12%	8.01%
32	DBS BANK LTD	4,957	94.49%	0.00%	5.51%
33	Punjab and Sind Bank	4,091	80.25%	11.29%	8.46%
34	Equitas Bank	3,665	92.31%	0.87%	6.82%
35	RBL	3,558	90.47%	0.48%	9.05%
36	Tamilnad Mercantile Bank	2,942	91.06%	0.10%	8.84%
37	HSBC	2,679	93.73%	3.25%	3.02%
38	DCB Bank Ltd	2,375	88.29%	0.17%	11.54%
39	City Union Bank	2,330	90.86%	0.64%	8.50%
40	Svc co-operative bank ltd	2,230	93.54%	0.54%	5.92%
41	Surat People Cooperative Bank	2,021	90.90%	0.40%	8.70%
42	THE AHMEDABAD MERCANTILE CO OP BANK LTD	1,761	83.59%	13.17%	3.24%
43	TJSB	1,687	89.75%	0.95%	9.30%
44	Jammu and Kashmir Bank	1,685	58.22%	24.99%	16.79%
45	Janata Sahakari Bank Ltd. Pune	635	95.28%	0.16%	4.56%
46	Dhanlaxmi Bank Ltd	424	83.96%	0.24%	15.80%
47	Catholic Syrian Bank	373	83.38%	6.43%	10.19%
48	GP PARSIK BANK	281	93.59%	0.36%	6.05%

Note:

Cases which are expired (after the specified time limit) have been excluded.

Remarks

Mandate Creation means a transaction where the customer has created a successful block of amount in the bank account for an IPO application.

UPI IPO Remitter - Mandate Execution (Jun'23)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	29,424	100.00%	0.00%	0.00%
2	HDFC BANK LTD	17,447	99.97%	0.03%	0.00%
3	ICICI Bank	10,759	99.34%	0.38%	0.28%
4	Bank of Baroda	9,893	100.00%	0.00%	0.00%
5	Axis Bank Ltd.	7,252	100.00%	0.00%	0.00%
6	Punjab National Bank	5,301	100.00%	0.00%	0.00%
7	Bank of India	4,336	100.00%	0.00%	0.00%
8	Union Bank of India	3,967	100.00%	0.00%	0.00%
9	Kotak Mahindra Bank	3,284	99.85%	0.00%	0.15%
10	Canara Bank	2,390	100.00%	0.00%	0.00%
11	IDBI Bank Limited	1,856	97.14%	0.00%	2.86%
12	Central Bank Of India	1,795	100.00%	0.00%	0.00%
13	Indian Bank	1,121	100.00%	0.00%	0.00%
14	Yes Bank Ltd	887	100.00%	0.00%	0.00%
15	INDUSIND BANK	872	100.00%	0.00%	0.00%
16	IDFC FIRST Bank	831	100.00%	0.00%	0.00%
17	Bank of Maharashtra	694	100.00%	0.00%	0.00%
18	UCO Bank	644	90.37%	0.00%	9.63%
19	Indian Overseas Bank	535	100.00%	0.00%	0.00%
20	Federal Bank	451	100.00%	0.00%	0.00%
21	Citibank	419	98.09%	0.00%	1.91%
22	The Mehsana Urban Co-Operative Bank Ltd.	408	100.00%	0.00%	0.00%
23	AU Small Finance bank	366	99.73%	0.00%	0.27%
24	Standard Chartered	317	100.00%	0.00%	0.00%
25	Rajkot Nagrik Sahakari Bank Ltd.	311	100.00%	0.00%	0.00%
26	Bandhan Bank	329	88.45%	0.00%	11.55%
27	Karnataka Bank	288	100.00%	0.00%	0.00%
28	Saraswat Bank	264	100.00%	0.00%	0.00%
29	South Indian Bank	207	100.00%	0.00%	0.00%
30	DBS BANK LTD	171	100.00%	0.00%	0.00%
31	Kalupur Commercial Cooperative Bank	161	100.00%	0.00%	0.00%
32	Punjab and Sind Bank	136	93.38%	0.00%	6.62%
33	RBL	126	100.00%	0.00%	0.00%
34	Tamilnad Mercantile Bank	116	100.00%	0.00%	0.00%
35	Equitas Bank	108	100.00%	0.00%	0.00%
36	City Union Bank	81	100.00%	0.00%	0.00%
37	HSBC	80	100.00%	0.00%	0.00%
38	DCB Bank Ltd	71	100.00%	0.00%	0.00%
39	Svc co-operative bank ltd	65	100.00%	0.00%	0.00%
40	TJSB	52	100.00%	0.00%	0.00%
41	Surat People Cooperative Bank	53	98.11%	0.00%	1.89%
42	THE AHMEDABAD MERCANTILE CO OP BANK LTD	51	100.00%	0.00%	0.00%
43	Jammu and Kashmir Bank	48	100.00%	0.00%	0.00%
44	Dhanlaxmi Bank Ltd	23	100.00%	0.00%	0.00%
45	Catholic Syrian Bank	20	95.00%	0.00%	5.00%
46	Karur Vysya Bank	77	22.08%	0.00%	77.92%
47	Janata Sahakari Bank Ltd. Pune	9	100.00%	0.00%	0.00%
48	GP PARSIK BANK	9	100.00%	0.00%	0.00%

Note:

Mandate execution relate only to IPO applications for which the shares have been allotted.
Business Declines (BD) and Technical Declines (TD) are at the time of online transactions and such declines are manually processed within 24 hrs to 48 hrs.

Remarks

Mandate Execution means transaction where the customer has applied for an IPO and has been allotted shares for which the funds are debited from the applicant’s account.

IPO Banks Performance (May'23)

UPI IPO Remitter - Mandate Creation (May'23)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	74,236	88.66%	10.87%	0.47%
2	HDFC BANK LTD	56,377	91.76%	6.91%	1.33%
3	ICICI Bank	34,341	94.87%	4.76%	0.37%
4	Bank of Baroda	30,978	90.14%	9.39%	0.47%
5	Axis Bank Ltd.	20,399	92.20%	7.44%	0.36%
6	Bank of India	13,968	91.70%	7.07%	1.23%
7	Kotak Mahindra Bank	12,566	91.04%	8.24%	0.72%
8	Union Bank of India	11,101	91.49%	7.99%	0.52%
9	Punjab National Bank	15,729	60.66%	6.87%	32.47%
10	IDBI Bank Limited	5,671	91.22%	7.92%	0.86%
11	Canara Bank	5,529	90.49%	9.01%	0.50%
12	Central Bank Of India	5,329	90.05%	6.85%	3.10%
13	Yes Bank Ltd	4,273	85.77%	13.76%	0.47%
14	INDUSIND BANK	3,718	90.72%	8.53%	0.75%
15	IDFC FIRST Bank	3,589	89.19%	10.00%	0.81%
16	Indian Bank	2,756	87.92%	10.60%	1.48%
17	AU Small Finance bank	2,321	91.94%	7.72%	0.34%
18	Rajkot Nagrik Sahakari Bank Ltd.	2,117	93.95%	5.06%	0.99%
19	The Mehsana Urban Co-Operative Bank Ltd.	2,096	84.73%	14.32%	0.95%
20	UCO Bank	2,076	79.43%	11.08%	9.49%
21	Indian Overseas Bank	1,375	91.42%	8.22%	0.36%
22	Citibank	1,307	94.49%	5.36%	0.15%
23	Bank of Maharashtra	1,253	90.02%	8.14%	1.84%
24	Equitas Bank	1,174	90.20%	8.86%	0.94%
25	Federal Bank	1,007	81.33%	18.67%
26	Standard Chartered	879	90.44%	8.99%	0.57%
27	Bandhan Bank	1,343	58.15%	5.07%	36.78%
28	Kalupur Commercial Cooperative Bank	558	92.47%	7.35%	0.18%
29	Karnataka Bank	556	80.94%	12.77%	6.29%
30	Saraswat Bank	603	65.34%	33.67%	0.99%
31	South Indian Bank	408	89.22%	10.54%	0.24%
32	RBL	387	91.99%	7.75%	0.26%
33	DBS BANK LTD	417	88.25%	11.75%
34	DCB Bank Ltd	371	83.29%	8.09%	8.62%
35	Punjab and Sind Bank	358	85.75%	10.62%	3.63%
36	Tamilnad Mercantile Bank	324	87.35%	10.19%	2.46%
37	City Union Bank	253	88.54%	10.28%	1.18%
38	HSBC	230	90.43%	3.05%	6.52%
39	Svc co-operative bank ltd	200	93.00%	6.00%	1.00%
40	THE AHMEDABAD MERCANTILE CO OP BANK LTD	173	89.02%	4.05%	6.93%
41	Surat People Cooperative Bank	156	83.33%	14.11%	2.56%
42	TJSB	119	74.79%	23.53%	1.68%
43	Jammu and Kashmir Bank	82	81.71%	13.41%	4.88%
44	Karur Vysya Bank	477	12.16%	66.46%	21.38%
45	Dhanlaxmi Bank Ltd	28	89.29%	10.71%
46	Catholic Syrian Bank	25	72.00%	20.00%	8.00%
47	Janata Sahakari Bank Ltd. Pune	12	83.33%	16.67%
48	GP PARSIK BANK	9	100.00%

Note:

Cases which are expired (after the specified time limit) have been excluded.

Remarks

Mandate Creation means a transaction where the customer has created a successful block of amount in the bank account for an IPO application.

UPI IPO Remitter - Mandate Execution (May'23)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	37,715	99.00%		1.00%
2	HDFC BANK LTD	27,025	99.94%	0.06%
3	ICICI Bank	16,337	99.44%	0.56%
4	Bank of Baroda	13,910	99.99%		0.01%
5	Axis Bank Ltd.	10,149	100.00%
6	Punjab National Bank	6,798	100.00%
7	Bank of India	6,356	100.00%
8	Kotak Mahindra Bank	5,921	99.97%		0.03%
9	Union Bank of India	5,754	99.51%		0.49%
10	Canara Bank	3,269	100.00%
11	IDBI Bank Limited	3,065	100.00%
12	Central Bank Of India	2,397	97.37%		2.63%
13	Yes Bank Ltd	1,648	100.00%
14	INDUSIND BANK	1,410	99.79%		0.21%
15	Indian Bank	1,408	99.93%	0.07%
16	IDFC FIRST Bank	1,297	98.61%		1.39%
17	UCO Bank	971	97.43%		2.57%
18	Bank of Maharashtra	881	95.57%		4.43%
19	Rajkot Nagrik Sahakari Bank Ltd.	765	100.00%
20	Indian Overseas Bank	726	99.72%		0.28%
21	Citibank	707	99.72%	0.14%	0.14%
22	The Mehsana Urban Co-Operative Bank Ltd.	697	100.00%
23	South Indian Bank	547	94.33%	5.67%
24	AU Small Finance bank	510	100.00%
25	Federal Bank	506	100.00%
26	Standard Chartered	494	99.60%		0.40%
27	Bandhan Bank	468	99.57%		0.43%
28	Saraswat Bank	387	100.00%
29	Karnataka Bank	350	82.00%		18.00%
30	Kalupur Commercial Cooperative Bank	216	100.00%
31	DBS BANK LTD	220	99.55%		0.45%
32	Equitas Bank	178	100.00%
33	Tamilnad Mercantile Bank	175	100.00%
34	HSBC	162	99.38%		0.62%
35	Punjab and Sind Bank	163	96.32%		3.68%
36	RBL	149	99.33%		0.67%
37	Surat People Cooperative Bank	119	100.00%
38	City Union Bank	118	100.00%
39	Svc co-operative bank ltd	103	100.00%
40	THE AHMEDABAD MERCANTILE CO OP BANK LTD	89	100.00%
41	TJSB	70	100.00%
42	Jammu and Kashmir Bank	64	98.44%		1.56%
43	Dhanlaxmi Bank Ltd	35	100.00%
44	Janata Sahakari Bank Ltd. Pune	28	100.00%
45	Catholic Syrian Bank	26	100.00%
46	Karur Vysya Bank	149	16.78%		83.22%
47	DCB Bank Ltd	11	100.00%
48	GP PARSIK BANK	7	100.00%

Note:

Mandate execution relate only to IPO applications for which the shares have been allotted.
Business Declines (BD) and Technical Declines (TD) are at the time of online transactions and such declines are manually processed within 24 hrs to 48 hrs.

Remarks

Mandate Execution means transaction where the customer has applied for an IPO and has been allotted shares for which the funds are debited from the applicant’s account.

IPO Banks Performance (Apr'23)

UPI IPO Remitter - Mandate Creation (Apr'23)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	52,973	87.28%	12.06%	0.66%
2	HDFC BANK LTD	36,521	92.51%	7.29%	0.20%
3	ICICI Bank	23,330	94.89%	5.09%	0.02%
4	Bank of Baroda	18,835	88.37%	11.52%	0.11%
5	Axis Bank Ltd.	13,824	91.11%	8.88%	0.01%
6	Kotak Mahindra Bank	10,888	90.31%	9.00%	0.69%
7	Punjab National Bank	9,510	90.09%	9.76%	0.15%
8	Bank of India	8,253	91.93%	7.44%	0.63%
9	Union Bank of India	7,812	90.89%	9.05%	0.06%
10	Canara Bank	4,542	90.05%	9.75%	0.20%
11	IDBI Bank Limited	4,024	91.65%	6.64%	1.71%
12	Central Bank Of India	3,163	90.45%	5.69%	3.86%
13	INDUSIND BANK	2,525	90.65%	7.80%	1.54%
14	Yes Bank Ltd	2,775	75.68%	23.64%	0.68%
15	IDFC FIRST Bank	2,020	88.86%	9.85%	1.29%
16	Indian Bank	2,072	83.69%	15.40%	0.92%
17	UCO Bank	1,550	78.77%	13.55%	7.68%
18	Bank of Maharashtra	1,218	89.33%	10.43%	0.25%
19	Citibank	1,029	94.95%	5.05%	0.00%
20	Indian Overseas Bank	1,033	90.32%	9.58%	0.10%
21	AU Small Finance bank	1,001	92.61%	7.19%	0.20%
22	Rajkot Nagrik Sahakari Bank Ltd.	956	94.77%	4.39%	0.84%
23	The Mehsana Urban Co-Operative Bank Ltd.	914	94.31%	5.36%	0.33%
24	South Indian Bank	890	92.58%	7.19%	0.22%
25	Federal Bank	925	83.24%	16.76%	0.00%
26	Bandhan Bank	750	83.33%	6.67%	10.00%
27	Standard Chartered	640	92.66%	7.19%	0.16%
28	Saraswat Bank	569	84.01%	13.88%	2.11%
29	Karnataka Bank	496	87.30%	8.87%	3.83%
30	Equitas Bank	332	94.88%	5.12%	0.00%
31	Kalupur Commercial Cooperative Bank	323	88.54%	10.53%	0.93%
32	DBS BANK LTD	318	91.51%	8.49%	0.00%
33	Karur Vysya Bank	548	40.69%	59.31%	0.00%
34	City Union Bank	253	86.96%	12.65%	0.40%
35	RBL	258	84.11%	14.73%	1.16%
36	Tamilnad Mercantile Bank	249	85.54%	14.46%	0.00%
37	HSBC	215	90.23%	4.19%	5.58%
38	Punjab and Sind Bank	242	79.34%	10.33%	10.33%
39	Surat People Cooperative Bank	159	84.28%	10.69%	5.03%
40	Svc co-operative bank ltd	137	95.62%	4.38%	0.00%
41	THE AHMEDABAD MERCANTILE CO OP BANK LTD	112	91.07%	3.57%	5.36%
42	TJSB	103	87.38%	12.62%	0.00%
43	Jammu and Kashmir Bank	99	71.72%	23.23%	5.05%
44	Dhanlaxmi Bank Ltd	49	89.80%	10.20%	0.00%
45	Catholic Syrian Bank	42	85.71%	14.29%	0.00%
46	Janata Sahakari Bank Ltd. Pune	37	94.59%	5.41%	0.00%
47	DCB Bank Ltd	381	8.40%	0.79%	90.81%
48	GP PARSIK BANK	10	100.00%	0.00%	0.00%

Note:

Cases which are expired (after the specified time limit) have been excluded.

Remarks

Mandate Creation means a transaction where the customer has created a successful block of amount in the bank account for an IPO application.

UPI IPO Remitter - Mandate Execution (Apr'23)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	5,653	100.00%
2	HDFC BANK LTD	4,398	99.77%	0.23%
3	ICICI Bank	3,380	97.57%	2.43%
4	Axis Bank Ltd.	1,594	100.00%
5	Bank of Baroda	1,505	100.00%
6	Punjab National Bank	996	100.00%
7	Union Bank of India	799	100.00%
8	Bank of India	740	100.00%
9	Kotak Mahindra Bank	855	77.89%	22.11%
10	Canara Bank	515	100.00%
11	IDBI Bank Limited	364	100.00%
12	INDUSIND BANK	270	100.00%
13	Central Bank Of India	264	99.62%		0.38%
14	Indian Bank	243	99.59%	0.41%
15	IDFC FIRST Bank	208	100.00%
16	Yes Bank Ltd	185	100.00%
17	Citibank	170	100.00%
18	UCO Bank	157	100.00%
19	Indian Overseas Bank	128	100.00%
20	Bank of Maharashtra	128	99.22%		0.78%
21	AU Small Finance bank	112	100.00%
22	Federal Bank	106	100.00%
23	Standard Chartered	92	100.00%
24	South Indian Bank	70	100.00%
25	Saraswat Bank	70	100.00%
26	Karnataka Bank	63	100.00%
27	Bandhan Bank	79	79.75%		20.25%
28	DBS BANK LTD	59	100.00%
29	The Mehsana Urban Co-Operative Bank Ltd.	58	87.93%		12.07%
30	City Union Bank	48	100.00%
31	RBL	36	100.00%
32	HSBC	33	100.00%
33	Equitas Bank	33	100.00%
34	Punjab and Sind Bank	32	100.00%
35	Kalupur Commercial Cooperative Bank	32	100.00%
36	DCB Bank Ltd	22	100.00%
37	Rajkot Nagrik Sahakari Bank Ltd.	20	100.00%
38	Tamilnad Mercantile Bank	19	100.00%
39	TJSB	19	100.00%
40	Svc co-operative bank ltd	13	100.00%
41	Karur Vysya Bank	48	25.00%		75.00%
42	Surat People Cooperative Bank	10	100.00%
43	Catholic Syrian Bank	10	100.00%
44	Dhanlaxmi Bank Ltd	7	100.00%
45	Janata Sahakari Bank Ltd. Pune	6	100.00%
46	THE AHMEDABAD MERCANTILE CO OP BANK LTD	4	100.00%
47	Jammu and Kashmir Bank	3	100.00%
48	GP PARSIK BANK	2	100.00%

Note:

Mandate execution relate only to IPO applications for which the shares have been allotted.
Business Declines (BD) and Technical Declines (TD) are at the time of online transactions and such declines are manually processed within 24 hrs to 48 hrs.

Remarks

Mandate Execution means transaction where the customer has applied for an IPO and has been allotted shares for which the funds are debited from the applicant’s account.

IPO Banks Performance (Mar'23)

UPI IPO Remitter - Mandate Creation (Mar'23)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank of India	87,630	91.35%	7.99%	0.66%
2	HDFC BANK LTD	48,915	94.54%	5.19%	0.26%
3	Bank of Baroda	37,681	90.74%	8.73%	0.53%
4	ICICI Bank	29,185	96.17%	3.78%	0.05%
5	Axis Bank Ltd.	21,253	93.12%	6.81%	0.07%
6	Bank of India	15,438	94.49%	5.24%	0.27%
7	Kotak Mahindra Bank	15,194	91.38%	6.74%	1.88%
8	Punjab National Bank	14,159	92.40%	7.08%	0.52%
9	Union Bank of India	12,704	93.60%	6.15%	0.24%
10	Canara Bank	7,181	92.95%	6.51%	0.54%
11	Central Bank Of India	6,159	93.42%	4.01%	2.57%
12	IDBI Bank Limited	6,148	91.56%	5.16%	3.29%
13	INDUSIND BANK	3,671	93.00%	5.56%	1.44%
14	Yes Bank Ltd	3,556	88.75%	11.22%	0.03%
15	Indian Bank	3,393	85.85%	12.12%	2.03%
16	The Mehsana Urban Co-Operative Bank Ltd.	2,811	91.92%	7.72%	0.36%
17	IDFC FIRST Bank	2,717	91.39%	7.40%	1.21%
18	Rajkot Nagrik Sahakari Bank Ltd.	2,373	94.77%	4.93%	0.29%
19	UCO Bank	2,505	87.54%	10.82%	1.64%
20	AU Small Finance bank	1,901	88.95%	10.31%	0.74%
21	Bank of Maharashtra	1,639	92.98%	6.41%	0.61%
22	Indian Overseas Bank	1,604	93.27%	6.67%	0.06%
23	Federal Bank	1,286	86.94%	12.60%	0.47%
24	Bandhan Bank	1,020	91.57%	6.96%	1.47%
25	Citibank	930	95.70%	4.30%	0.00%
26	South Indian Bank	945	93.44%	6.24%	0.32%
27	Equitas Bank	784	93.11%	6.63%	0.26%
28	Standard Chartered	739	93.50%	6.36%	0.14%
29	Karnataka Bank	717	87.59%	8.37%	4.04%
30	Saraswat Bank	613	93.64%	6.36%	0.00%
31	Kalupur Commercial Cooperative Bank	559	93.20%	6.08%	0.72%
32	DBS BANK LTD	481	90.02%	9.75%	0.23%
33	Karur Vysya Bank	495	73.94%	20.00%	6.06%
34	RBL	368	90.22%	8.97%	0.82%
35	Punjab and Sind Bank	382	86.65%	13.35%	0.00%
36	Tamilnad Mercantile Bank	296	91.89%	7.43%	0.68%
37	DCB Bank Ltd	278	92.09%	6.83%	1.08%
38	Svc co-operative bank ltd	216	94.91%	5.09%	0.00%
39	City Union Bank	228	88.60%	10.96%	0.44%
40	Surat People Cooperative Bank	186	87.10%	12.37%	0.54%
41	HSBC	129	93.02%	3.10%	3.88%
42	TJSB	124	91.94%	8.06%	0.00%
43	THE AHMEDABAD MERCANTILE CO OP BANK LTD	121	90.91%	2.48%	6.61%
44	Jammu and Kashmir Bank	101	72.28%	14.85%	12.87%
45	Dhanlaxmi Bank Ltd	45	91.11%	8.89%	0.00%
46	Janata Sahakari Bank Ltd. Pune	36	94.44%	5.56%	0.00%
47	Catholic Syrian Bank	36	94.44%	5.56%	0.00%
48	GP PARSIK BANK	19	100.00%	0.00%	0.00%

Note:

Cases which are expired (after the specified time limit) have been excluded.

Remarks

Mandate Creation means a transaction where the customer has created a successful block of amount in the bank account for an IPO application.

UPI IPO Remitter - Mandate Execution (Mar'23)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank of India	10,911.00	99.99%		0.01%
2	HDFC BANK LTD	6,376.00	99.50%	0.50%
3	Bank of Baroda	4,336.00	100.00%
4	ICICI Bank	3,914.00	99.51%	0.46%	0.03%
5	Axis Bank Ltd.	2,669.00	100.00%
6	Kotak Mahindra Bank	1,862.00	77.93%	22.07%
7	Punjab National Bank	1,849.00	99.84%		0.16%
8	Bank of India	1,808.00	100.00%
9	Union Bank of India	1,535.00	100.00%
10	Canara Bank	962	100.00%
11	IDBI Bank Limited	718	97.21%		2.79%
12	Central Bank Of India	709	100.00%
13	Yes Bank Ltd	395	100.00%
14	INDUSIND BANK	391	100.00%
15	Indian Bank	388	100.00%
16	The Mehsana Urban Co-Operative Bank Ltd.	329	100.00%
17	UCO Bank	312	100.00%
18	IDFC FIRST Bank	266	100.00%
19	Rajkot Nagrik Sahakari Bank Ltd.	232	99.57%		0.43%
20	Bank of Maharashtra	212	100.00%
21	Indian Overseas Bank	212	100.00%
22	AU Small Finance bank	209	100.00%
23	Federal Bank	167	100.00%
24	South Indian Bank	158	99.37%	0.63%
25	Citibank	135	100.00%
26	Standard Chartered	115	100.00%
27	Bandhan Bank	106	100.00%
28	Karnataka Bank	96	100.00%
29	Saraswat Bank	78	100.00%
30	Kalupur Commercial Cooperative Bank	75	100.00%
31	DBS BANK LTD	69	100.00%
32	Karur Vysya Bank	66	71.21%		28.79%
33	Equitas Bank	55	98.18%	1.82%
34	RBL	46	100.00%
35	Punjab and Sind Bank	39	100.00%
36	City Union Bank	35	100.00%
37	DCB Bank Ltd	34	100.00%
38	Surat People Cooperative Bank	30	100.00%
39	Tamilnad Mercantile Bank	27	100.00%
40	HSBC	23	100.00%
41	TJSB	21	100.00%
42	Svc co-operative bank ltd	19	100.00%
43	Dhanlaxmi Bank Ltd	12	100.00%
44	THE AHMEDABAD MERCANTILE CO OP BANK LTD	12	100.00%
45	Catholic Syrian Bank	8	100.00%
46	Jammu and Kashmir Bank	6	100.00%
47	Janata Sahakari Bank Ltd. Pune	6	100.00%
48	GP PARSIK BANK	1	100.00%

Note:

Mandate execution relate only to IPO applications for which the shares have been allotted.
Business Declines (BD) and Technical Declines (TD) are at the time of online transactions and such declines are manually processed within 24 hrs to 48 hrs.

Remarks

Mandate Execution means transaction where the customer has applied for an IPO and has been allotted shares for which the funds are debited from the applicant’s account.

IPO Banks Performance (Feb'23)

UPI IPO Remitter - Mandate Creation (Feb'23)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	18,878.00	88.09%	9.20%	2.70%
2	HDFC BANK LTD	14,737.00	93.34%	5.30%	1.34%
3	ICICI Bank	8,512.00	95.45%	3.90%	0.61%
4	Bank of Baroda	8,361.00	89.21%	8.60%	2.15%
5	Axis Bank Ltd.	5,232.00	92.32%	6.90%	0.80%
6	Bank of India	3,685.00	93.62%	4.90%	1.47%
7	Union Bank of India	2,959.00	91.45%	6.10%	2.47%
8	Punjab National Bank	2,854.00	90.47%	8.80%	0.74%
9	Kotak Mahindra Bank	3,525.00	68.65%	29.80%	1.53%
10	Canara Bank	1,502.00	91.41%	7.10%	1.46%
11	IDBI Bank Limited	1,415.00	93.07%	5.40%	1.55%
12	Central Bank Of India	1,418.00	87.59%	4.40%	8.04%
13	Yes Bank Ltd	1,201.00	87.26%	10.30%	2.41%
14	INDUSIND BANK	1,025.00	93.76%	5.00%	1.27%
15	IDFC FIRST Bank	892	78.92%	9.00%	12.11%
16	Indian Bank	684	86.26%	9.90%	3.80%
17	AU Small Finance bank	617	92.38%	6.20%	1.46%
18	The Mehsana Urban Co-Operative Bank Ltd.	600	92.83%	5.80%	1.33%
19	Rajkot Nagrik Sahakari Bank Ltd.	566	91.17%	5.80%	3.00%
20	UCO Bank	505	86.34%	8.10%	5.54%
21	Bank of Maharashtra	375	90.93%	8.30%	0.80%
22	Indian Overseas Bank	372	91.13%	7.30%	1.61%
23	Citibank	379	89.18%	10.00%	0.79%
24	Equitas Bank	312	95.51%	3.20%	1.28%
25	Bandhan Bank	301	83.39%	12.60%	3.99%
26	Federal Bank	237	83.12%	16.90%
27	Standard Chartered	196	93.88%	5.10%	1.02%
28	Saraswat Bank	157	83.44%	14.60%	1.91%
29	South Indian Bank	122	95.08%	4.10%	0.82%
30	RBL	114	94.74%	3.50%	1.75%
31	Kalupur Commercial Cooperative Bank	102	92.16%	5.90%	1.96%
32	DCB Bank Ltd	83	92.77%	6.00%	1.20%
33	DBS BANK LTD	93	87.10%	11.80%	1.08%
34	Punjab and Sind Bank	82	91.46%	7.30%	1.22%
35	Karur Vysya Bank	83	84.34%	13.30%	2.41%
36	Karnataka Bank	105	62.86%	14.30%	22.86%
37	City Union Bank	56	94.64%	3.60%	1.79%
38	Surat People Cooperative Bank	68	76.47%	20.60%	2.94%
39	Tamilnad Mercantile Bank	78	55.13%	17.90%	26.92%
40	Svc co-operative bank ltd	39	100.00%
41	HSBC	38	92.11%	5.30%	2.63%
42	THE AHMEDABAD MERCANTILE CO OP BANK LTD	26	96.15%		3.85%
43	TJSB	16	93.75%	6.30%
44	Dhanlaxmi Bank Ltd	8	75.00%	25.00%
45	Thane Bharat Sahakari Bank Ltd	4	100.00%
46	Janata Sahakari Bank Ltd. Pune	3	100.00%
47	Jammu and Kashmir Bank	51	5.88%	7.80%	86.27%
48	GP PARSIK BANK	1	100.00%
49	Catholic Syrian Bank	2	50.00%	50.00%

Note:

Cases which are expired (after the specified time limit) have been excluded.

Remarks

Mandate Creation means a transaction where the customer has created a successful block of amount in the bank account for an IPO application.

UPI IPO Remitter - Mandate Execution (Feb'23)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	HDFC BANK LTD	1,466.00	99.39%	0.61%
2	State Bank Of India	1,191.00	99.24%	0.00%	0.76%
3	ICICI Bank	1,116.00	95.70%	4.30%
4	Axis Bank Ltd.	418	100.00%
5	Bank of Baroda	304	100.00%
6	Kotak Mahindra Bank	264	84.47%	15.53%
7	Punjab National Bank	194	100.00%
8	Bank of India	170	100.00%
9	Union Bank of India	169	100.00%
10	Canara Bank	123	100.00%
11	Yes Bank Ltd	90	100.00%
12	IDBI Bank Limited	111	80.18%	0.00%	19.82%
13	IDFC FIRST Bank	79	100.00%
14	INDUSIND BANK	77	100.00%
15	AU Small Finance bank	57	100.00%
16	Indian Bank	56	100.00%
17	Citibank	55	100.00%
18	Federal Bank	44	100.00%
19	Central Bank Of India	40	100.00%
20	Indian Overseas Bank	38	100.00%
21	Equitas Bank	35	100.00%
22	Karur Vysya Bank	31	100.00%
23	Standard Chartered	28	100.00%
24	DBS BANK LTD	32	100.00%
25	South Indian Bank	27	100.00%
26	Bank of Maharashtra	27	100.00%
27	RBL	22	100.00%
28	UCO Bank	20	100.00%
29	Karnataka Bank	16	100.00%
30	Bandhan Bank	15	93.33%	0.00%	6.67%
31	HSBC	12	83.33%	0.00%	16.67%
32	Saraswat Bank	9	100.00%
33	The Mehsana Urban Co-Operative Bank Ltd.	7	100.00%
34	TJSB	7	100.00%
35	Dhanlaxmi Bank Ltd	7	100.00%
36	DCB Bank Ltd	7	100.00%
37	Rajkot Nagrik Sahakari Bank Ltd.	6	100.00%
38	Punjab and Sind Bank	5	100.00%
39	Tamilnad Mercantile Bank	4	100.00%
40	Svc co-operative bank ltd	4	100.00%
41	City Union Bank	9	33.33%	0.00%	66.67%
42	Surat People Cooperative Bank	2	100.00%
43	Janata Sahakari Bank Ltd. Pune	2	100.00%
44	GP PARSIK BANK	2	100.00%

Note:

Mandate execution relate only to IPO applications for which the shares have been allotted.
Business Declines (BD) and Technical Declines (TD) are at the time of online transactions and such declines are manually processed within 24 hrs to 48 hrs.

Remarks

Mandate Execution means transaction where the customer has applied for an IPO and has been allotted shares for which the funds are debited from the applicant’s account.

IPO Banks Performance (Jan'23)

UPI IPO Remitter - Mandate Creation (Jan'23)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	65,929	88.62%	10.50%	0.88%
2	HDFC BANK LTD	43,235	92.95%	6.88%	0.17%
3	ICICI Bank	27,979	94.77%	5.18%	0.05%
4	Bank of Baroda	30,614	56.95%	5.98%	37.07%
5	Axis Bank Ltd.	17,011	92.27%	7.70%	0.03%
6	Bank of India	10,542	92.83%	7.03%	0.14%
7	Kotak Mahindra Bank	10,014	92.12%	7.45%	0.43%
8	Union Bank of India	9,473	89.45%	8.94%	1.61%
9	Punjab National Bank	10,943	75.09%	11.98%	12.93%
10	Canara Bank	5,282	90.50%	9.31%	0.19%
11	IDBI Bank Limited	4,297	90.88%	7.26%	1.86%
12	Central Bank Of India	5,212	64.06%	5.03%	30.91%
13	INDUSIND BANK	2,891	92.11%	7.75%	0.14%
14	Yes Bank Ltd	2,702	87.68%	11.92%	0.40%
15	Indian Bank	2,527	85.40%	13.30%	1.30%
16	IDFC FIRST Bank	2,255	89.22%	9.54%	1.24%
17	UCO Bank	1,728	84.72%	11.46%	3.82%
18	The Mehsana Urban Co-Operative Bank Ltd.	1,329	94.51%	5.27%	0.22%
19	AU Small Finance bank	1,338	91.48%	8.07%	0.45%
20	Bank of Maharashtra	1,327	90.43%	9.27%	0.30%
21	Citibank	1,193	92.88%	5.28%	1.84%
22	Rajkot Nagrik Sahakari Bank Ltd.	1,139	94.29%	5.18%	0.53%
23	Indian Overseas Bank	1,373	74.51%	25.13%	0.36%
24	Federal Bank	909	81.96%	17.93%	0.11%
25	Standard Chartered	747	92.10%	7.36%	0.54%
26	Equitas Bank	661	94.10%	5.75%	0.15%
27	Bandhan Bank	815	72.39%	8.47%	19.14%
28	Karnataka Bank	543	88.58%	6.82%	4.60%
29	Saraswat Bank	582	69.24%	30.24%	0.52%
30	South Indian Bank	368	90.76%	8.97%	0.27%
31	Kalupur Commercial Cooperative Bank	348	95.69%	3.45%	0.86%
32	DBS BANK LTD	390	86.92%	13.08%
33	RBL	361	85.32%	14.40%	0.28%
34	Karur Vysya Bank	345	84.06%	13.91%	2.03%
35	Punjab and Sind Bank	279	86.38%	13.26%	0.36%
36	Tamilnad Mercantile Bank	223	91.48%	6.28%	2.24%
37	DCB Bank Ltd	234	87.18%	12.39%	0.43%
38	City Union Bank	193	94.82%	3.11%	2.07%
39	HSBC	222	69.37%	24.32%	6.31%
40	Svc co-operative bank ltd	153	96.08%	3.92%
41	THE AHMEDABAD MERCANTILE CO OP BANK LTD	101	93.07%	4.95%	1.98%
42	Surat People Cooperative Bank	110	82.73%	16.36%	0.91%
43	TJSB	92	85.87%	13.04%	1.09%
44	Jammu and Kashmir Bank	103	74.76%	22.33%	2.91%
45	Dhanlaxmi Bank Ltd	48	91.67%	8.33%
46	GP PARSIK BANK	28	82.14%	17.86%
47	Janata Sahakari Bank Ltd. Pune	23	82.61%	13.04%	4.35%
48	Catholic Syrian Bank	25	76.00%	24.00%
49	ESAF Small Finance Bank Ltd.	2		100.00%

Note:

Cases which are expired (after the specified time limit) have been excluded.

Remarks

Mandate Creation means a transaction where the customer has created a successful block of amount in the bank account for an IPO application.

UPI IPO Remitter - Mandate Execution (Jan'23)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	HDFC BANK LTD	3,045	100.00%
2	ICICI Bank	2,531	96.37%	3.63%
3	Axis Bank Ltd.	1,309	100.00%
4	Bank of Baroda	934	100.00%
5	Punjab National Bank	740	100.00%
6	Kotak Mahindra Bank	701	100.00%
7	Union Bank of India	566	100.00%
8	Bank of India	519	100.00%
9	Canara Bank	378	100.00%
10	IDBI Bank Limited	306	100.00%
11	Indian Bank	181	100.00%
12	Central Bank Of India	172	100.00%
13	Yes Bank Ltd	169	100.00%
14	INDUSIND BANK	161	98.76%		1.24%
15	IDFC FIRST Bank	130	90.77%		9.23%
16	Citibank	118	100.00%
17	UCO Bank	96	100.00%
18	Bank of Maharashtra	94	100.00%
19	Indian Overseas Bank	92	100.00%
20	Federal Bank	91	100.00%
21	Karnataka Bank	59	100.00%
22	Standard Chartered	52	100.00%
23	AU Small Finance bank	52	100.00%
24	South Indian Bank	48	100.00%
25	The Mehsana Urban Co-Operative Bank Ltd.	44	100.00%
26	Saraswat Bank	41	100.00%
27	DBS BANK LTD	46	100.00%
28	RBL	38	100.00%
29	Bandhan Bank	39	97.44%		2.56%
30	Karur Vysya Bank	37	97.30%		2.70%
31	Equitas Bank	37	97.30%		2.70%
32	Punjab and Sind Bank	24	100.00%
33	Tamilnad Mercantile Bank	22	100.00%
34	DCB Bank Ltd	20	100.00%
35	Rajkot Nagrik Sahakari Bank Ltd.	18	100.00%
36	Kalupur Commercial Cooperative Bank	16	100.00%
37	HSBC	16	100.00%
38	City Union Bank	15	100.00%
39	TJSB	11	100.00%
40	Svc co-operative bank ltd	10	100.00%
41	Dhanlaxmi Bank Ltd	9	100.00%
42	Jammu and Kashmir Bank	6	100.00%
43	GP PARSIK BANK	6	100.00%
44	Janata Sahakari Bank Ltd. Pune	5	100.00%
45	Catholic Syrian Bank	4	100.00%
46	Surat People Cooperative Bank	2	100.00%
47	THE AHMEDABAD MERCANTILE CO OP BANK LTD	1	100.00%

Note:

Mandate execution relate only to IPO applications for which the shares have been allotted.
Business Declines (BD) and Technical Declines (TD) are at the time of online transactions and such declines are manually processed within 24 hrs to 48 hrs.

Remarks

Mandate Execution means transaction where the customer has applied for an IPO and has been allotted shares for which the funds are debited from the applicant’s account.

IPO Banks Performance (Dec'22)

UPI IPO Remitter - Mandate Creation (Dec'22)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	232,551	89.71%	9.51%	0.78%
2	HDFC BANK LTD	136,431	93.61%	5.76%	0.63%
3	ICICI Bank	93,079	95.92%	3.89%	0.19%
4	Bank of Baroda	89,406	81.94%	6.68%	11.38%
5	Axis Bank Ltd.	58,017	93.89%	5.81%	0.30%
6	Punjab National Bank	38,751	92.22%	7.42%	0.36%
7	Bank of India	36,243	93.39%	6.42%	0.19%
8	Kotak Mahindra Bank	34,765	93.32%	6.45%	0.23%
9	Union Bank of India	32,878	92.30%	6.85%	0.85%
10	Canara Bank	19,453	92.07%	7.54%	0.39%
11	IDBI Bank Limited	16,609	90.29%	5.23%	4.48%
12	Central Bank Of India	18,937	61.66%	4.13%	34.21%
13	INDUSIND BANK	8,665	92.48%	7.11%	0.41%
14	Indian Bank	8,969	89.47%	9.86%	0.67%
15	IDFC FIRST Bank	7,368	90.26%	8.08%	1.66%
16	Yes Bank Ltd	7,902	72.94%	26.93%	0.13%
17	UCO Bank	6,288	87.31%	9.41%	3.28%
18	Bank of Maharashtra	5,433	91.42%	7.14%	1.44%
19	The Mehsana Urban Co-Operative Bank Ltd.	5,089	90.69%	9.02%	0.29%
20	Indian Overseas Bank	4,365	90.93%	8.66%	0.41%
21	Citibank	4,276	86.58%	13.38%	0.04%
22	Rajkot Nagrik Sahakari Bank Ltd.	3,638	94.45%	5.06%	0.49%
23	AU Small Finance bank	3,576	91.69%	7.61%	0.70%
24	Federal Bank	3,414	87.40%	12.54%	0.06%
25	Standard Chartered	2,500	94.00%	5.80%	0.20%
26	Saraswat Bank	2,351	91.49%	8.17%	0.34%
27	Bandhan Bank	2,284	91.42%	6.74%	1.84%
28	Karnataka Bank	2,104	83.41%	2.71%	13.88%
29	South Indian Bank	1,503	92.75%	7.19%	0.07%
30	Kalupur Commercial Cooperative Bank	1,402	92.01%	7.35%	0.64%
31	DBS BANK LTD	1,393	91.31%	8.55%	0.14%
32	Equitas Bank	1,262	93.03%	1.74%	5.23%
33	Karur Vysya Bank	1,391	83.61%	14.38%	2.01%
34	RBL	1,194	84.76%	10.39%	4.85%
35	Punjab and Sind Bank	1,086	90.15%	7.27%	2.58%
36	Tamilnad Mercantile Bank	939	92.33%	7.56%	0.11%
37	DCB Bank Ltd	725	91.03%	7.18%	1.79%
38	City Union Bank	684	91.52%	7.16%	1.32%
39	HSBC	840	67.98%	28.81%	3.21%
40	Svc co-operative bank ltd	604	92.22%	7.78%
41	Surat People Cooperative Bank	526	83.08%	15.02%	1.90%
42	TJSB	454	87.44%	11.68%	0.88%
43	THE AHMEDABAD MERCANTILE CO OP BANK LTD	392	96.17%	2.55%	1.28%
44	Jammu and Kashmir Bank	384	79.43%	18.49%	2.08%
45	Janata Sahakari Bank Ltd. Pune	141	93.62%	6.38%
46	Dhanlaxmi Bank Ltd	166	77.71%	22.29%
47	GP PARSIK BANK	110	91.82%	6.36%	1.82%
48	Catholic Syrian Bank	106	89.62%	8.49%	1.89%

Note:

Cases which are expired (after the specified time limit) have been excluded.

Remarks

Mandate Creation means a transaction where the customer has created a successful block of amount in the bank account for an IPO application.

UPI IPO Remitter - Mandate Execution (Dec'22)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	110,114	99.94%		0.06%
2	HDFC BANK LTD	63,563	100.00%		0.00%
3	ICICI Bank	44,699	99.66%	0.34%	0.00%
4	Bank of Baroda	34,784	99.28%		0.72%
5	Axis Bank Ltd.	28,726	100.00%		0.00%
6	Punjab National Bank	18,968	100.00%		0.00%
7	Kotak Mahindra Bank	15,741	99.94%	0.01%	0.04%
8	Union Bank of India	15,470	99.72%		0.28%
9	Bank of India	15,955	92.95%	0.01%	7.04%
10	Canara Bank	9,632	99.99%	0.01%	0.00%
11	IDBI Bank Limited	7,759	99.95%	0.01%	0.04%
12	Central Bank Of India	5,748	99.06%		0.94%
13	Indian Bank	4,379	97.24%		2.76%
14	INDUSIND BANK	3,628	97.85%		2.15%
15	Bank of Maharashtra	2,978	99.16%		0.84%
16	IDFC FIRST Bank	2,862	99.97%		0.03%
17	UCO Bank	2,779	99.71%		0.29%
18	Yes Bank Ltd	2,694	99.89%		0.11%
19	Indian Overseas Bank	2,157	96.34%		3.66%
20	Citibank	2,048	100.00%		0.00%
21	The Mehsana Urban Co-Operative Bank Ltd.	2,020	100.00%		0.00%
22	Federal Bank	1,533	100.00%		0.00%
23	Standard Chartered	1,346	99.93%		0.07%
24	Saraswat Bank	1,282	99.84%		0.16%
25	Rajkot Nagrik Sahakari Bank Ltd.	1,158	100.00%		0.00%
26	AU Small Finance bank	1,104	99.91%		0.09%
27	Karnataka Bank	1,023	98.53%		1.47%
28	Bandhan Bank	998	99.80%		0.20%
29	DBS BANK LTD	742	100.00%		0.00%
30	Karur Vysya Bank	661	98.79%		1.21%
31	Kalupur Commercial Cooperative Bank	582	99.83%		0.17%
32	RBL	457	99.56%		0.44%
33	Punjab and Sind Bank	489	91.00%		9.00%
34	Tamilnad Mercantile Bank	434	100.00%		0.00%
35	South Indian Bank	550	68.18%		31.82%
36	Equitas Bank	364	99.18%	0.27%	0.55%
37	HSBC	352	100.00%		0.00%
38	City Union Bank	338	100.00%		0.00%
39	Svc co-operative bank ltd	305	99.67%		0.33%
40	DCB Bank Ltd	290	100.00%		0.00%
41	TJSB	232	100.00%		0.00%
42	Jammu and Kashmir Bank	189	99.47%		0.53%
43	Surat People Cooperative Bank	185	96.22%		3.78%
44	THE AHMEDABAD MERCANTILE CO OP BANK LTD	157	100.00%		0.00%
45	Janata Sahakari Bank Ltd. Pune	92	100.00%		0.00%
46	Dhanlaxmi Bank Ltd	85	100.00%		0.00%
47	GP PARSIK BANK	66	100.00%		0.00%
48	Catholic Syrian Bank	66	100.00%		0.00%

Note:

Mandate execution relate only to IPO applications for which the shares have been allotted.
Business Declines (BD) and Technical Declines (TD) are at the time of online transactions and such declines are manually processed within 24 hrs to 48 hrs.

Remarks

Mandate Execution means transaction where the customer has applied for an IPO and has been allotted shares for which the funds are debited from the applicant’s account.

IPO Banks Performance (Nov'22)

UPI IPO Remitter - Mandate Creation (Nov'22)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	860,070	92.04%	7.88%	0.08%
2	HDFC BANK LTD	479,677	94.27%	5.65%	0.08%
3	Bank of Baroda	332,715	92.90%	7.04%	0.06%
4	ICICI Bank	318,268	95.35%	4.45%	0.20%
5	Axis Bank Ltd.	202,455	93.78%	6.08%	0.14%
6	Punjab National Bank	148,500	90.53%	7.01%	2.46%
7	Bank of India	136,187	94.26%	5.67%	0.08%
8	Kotak Mahindra Bank	131,520	89.98%	5.27%	4.75%
9	Union Bank of India	124,101	89.67%	6.27%	4.05%
10	Canara Bank	71,399	92.86%	6.67%	0.47%
11	IDBI Bank Limited	59,097	93.64%	5.47%	0.89%
12	Central Bank Of India	59,202	85.27%	4.67%	10.06%
13	Indian Bank	32,871	88.26%	11.12%	0.62%
14	INDUSIND BANK	29,711	92.90%	7.02%	0.08%
15	Yes Bank Ltd	25,827	89.42%	10.54%	0.04%
16	UCO Bank	25,355	84.09%	11.61%	4.30%
17	IDFC FIRST Bank	27,197	77.60%	6.88%	15.53%
18	The Mehsana Urban Co-Operative Bank Ltd.	20,475	91.54%	6.50%	1.97%
19	Bank of Maharashtra	19,558	90.71%	6.27%	3.02%
20	Indian Overseas Bank	15,299	91.82%	7.91%	0.27%
21	Rajkot Nagrik Sahakari Bank Ltd.	13,385	93.98%	4.83%	1.20%
22	Citibank	12,269	94.00%	5.88%	0.11%
23	AU Small Finance bank	11,777	91.68%	7.74%	0.59%
24	Federal Bank	12,097	88.38%	11.52%	0.10%
25	Bandhan Bank	8,897	91.64%	6.37%	1.99%
26	Saraswat Bank	8,478	89.81%	8.50%	1.69%
27	Standard Chartered	7,875	94.91%	4.75%	0.34%
28	Karnataka Bank	7,830	82.52%	3.49%	14.00%
29	Kalupur Commercial Cooperative Bank	5,815	92.90%	6.69%	0.41%
30	South Indian Bank	4,874	92.49%	7.32%	0.18%
31	Karur Vysya Bank	4,636	88.70%	10.27%	1.04%
32	DBS BANK LTD	4,796	92.91%	7.07%	0.02%
33	Punjab and Sind Bank	4,074	90.13%	8.47%	1.40%
34	Tamilnad Mercantile Bank	3,654	92.01%	7.44%	0.55%
35	Equitas Bank	3,612	90.50%	2.55%	6.95%
36	RBL	3,600	88.69%	10.89%	0.42%
37	City Union Bank	2,423	90.84%	8.83%	0.33%
38	DCB Bank Ltd	2,540	77.28%	7.05%	15.67%
39	THE AHMEDABAD MERCANTILE CO OP BANK LTD	2,100	92.71%	3.86%	3.43%
40	HSBC	2,364	78.26%	19.25%	2.50%
41	Surat People Cooperative Bank	2,115	87.14%	11.87%	0.99%
42	Svc co-operative bank ltd	1,932	94.46%	5.28%	0.26%
43	TJSB	1,362	90.82%	8.00%	1.17%
44	Jammu and Kashmir Bank	1,503	78.31%	16.77%	4.92%
45	Janata Sahakari Bank Ltd. Pune	577	92.89%	6.59%	0.52%
46	Dhanlaxmi Bank Ltd	484	87.40%	11.98%	0.62%
47	Catholic Syrian Bank	397	86.65%	9.57%	3.78%
48	GP PARSIK BANK	319	90.28%	9.40%	0.31%

Note:

Cases which are expired (after the specified time limit) have been excluded.

Remarks

Mandate Creation means a transaction where the customer has created a successful block of amount in the bank account for an IPO application.

UPI IPO Remitter - Mandate Execution (Nov'22)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	122,323	99.99%	0.00%	0.01%
2	HDFC BANK LTD	72,036	95.88%	0.00%	4.11%
3	ICICI Bank	46,591	96.74%	2.70%	0.56%
4	Bank of Baroda	44,613	99.99%		0.01%
5	Axis Bank Ltd.	30,707	99.99%		0.01%
6	Punjab National Bank	22,117	98.02%		1.98%
7	Bank of India	18,184	98.24%		1.76%
8	Kotak Mahindra Bank	17,494	99.45%		0.55%
9	Union Bank of India	17,183	99.00%	0.00%	1.00%
10	Canara Bank	10,356	99.75%		0.25%
11	IDBI Bank Limited	8,640	99.97%		0.03%
12	Central Bank Of India	7,515	90.65%		9.35%
13	INDUSIND BANK	4,491	100.00%
14	Indian Bank	4,499	99.53%	0.00%	0.47%
15	Yes Bank Ltd	3,946	100.00%
16	UCO Bank	3,322	96.33%		3.67%
17	IDFC FIRST Bank	3,157	96.36%		3.64%
18	Bank of Maharashtra	2,556	98.32%		1.68%
19	Indian Overseas Bank	2,160	99.40%		0.60%
20	The Mehsana Urban Co-Operative Bank Ltd.	2,239	94.69%		5.31%
21	Citibank	1,938	99.54%	0.10%	0.36%
22	Rajkot Nagrik Sahakari Bank Ltd.	1,559	100.00%
23	Federal Bank	1,507	98.74%		1.26%
24	AU Small Finance bank	1,353	99.78%		0.22%
25	Bandhan Bank	1,281	99.53%	0.08%	0.39%
26	Standard Chartered	1,204	97.84%		2.16%
27	Saraswat Bank	1,152	100.00%
28	Karnataka Bank	961	96.46%		3.54%
29	South Indian Bank	841	99.17%	0.83%
30	Karur Vysya Bank	705	99.72%		0.28%
31	Kalupur Commercial Cooperative Bank	711	98.73%		1.27%
32	Punjab and Sind Bank	629	99.84%		0.16%
33	DBS BANK LTD	705	98.30%	0.00%	1.70%
34	Tamilnad Mercantile Bank	558	100.00%
35	RBL	483	99.17%		0.83%
36	Equitas Bank	414	99.52%	0.48%
37	HSBC	366	100.00%
38	City Union Bank	327	100.00%
39	Svc co-operative bank ltd	314	98.09%		1.91%
40	Surat People Cooperative Bank	295	98.31%		1.69%
41	THE AHMEDABAD MERCANTILE CO OP BANK LTD	234	100.00%
42	Jammu and Kashmir Bank	219	97.72%		2.28%
43	DCB Bank Ltd	306	68.95%		31.05%
44	TJSB	169	100.00%
45	Janata Sahakari Bank Ltd. Pune	74	100.00%
46	Dhanlaxmi Bank Ltd	74	100.00%
47	Catholic Syrian Bank	51	100.00%
48	GP PARSIK BANK	38	100.00%

Note:

Mandate execution relate only to IPO applications for which the shares have been allotted.
Business Declines (BD) and Technical Declines (TD) are at the time of online transactions and such declines are manually processed within 24 hrs to 48 hrs.

Remarks

Mandate Execution means transaction where the customer has applied for an IPO and has been allotted shares for which the funds are debited from the applicant’s account.

IPO Banks Performance (Oct'22)

UPI IPO Remitter - Mandate Creation (Oct'22)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	377,418	91.81%	7.91%	0.28%
2	HDFC BANK LTD	205,454	94.28%	5.64%	0.09%
3	ICICI Bank	138,168	95.74%	4.12%	0.14%
4	Bank of Baroda	141,719	92.62%	7.27%	0.12%
5	Axis Bank Ltd.	89,014	91.46%	8.52%	0.02%
6	Punjab National Bank	62,585	91.51%	7.52%	0.97%
7	Bank of India	58,321	94.12%	5.84%	0.04%
8	Kotak Mahindra Bank	56,579	94.16%	5.77%	0.07%
9	Union Bank of India	52,751	92.73%	6.89%	0.39%
10	Canara Bank	31,821	92.94%	6.86%	0.20%
11	IDBI Bank Limited	24,901	94.27%	5.66%	0.07%
12	Central Bank Of India	24,514	91.42%	6.56%	2.02%
13	Indian Bank	15,242	81.18%	14.15%	4.67%
14	INDUSIND BANK	12,645	92.72%	7.12%	0.16%
15	Yes Bank Ltd	10,637	89.25%	10.73%	0.02%
16	IDFC FIRST Bank	10,224	90.76%	8.40%	0.84%
17	UCO Bank	10,398	85.60%	14.09%	0.31%
18	Bank of Maharashtra	9,258	92.53%	7.05%	0.42%
19	The Mehsana Urban Co-Operative Bank Ltd.	8,265	90.70%	9.29%	0.01%
20	Indian Overseas Bank	6,792	91.50%	8.38%	0.12%
21	Citibank	5,521	95.87%	4.06%	0.07%
22	Federal Bank	5,565	89.54%	10.44%	0.02%
23	Rajkot Nagrik Sahakari Bank Ltd.	5,078	95.06%	4.94%
24	AU Small Finance bank	4,360	91.17%	8.42%	0.41%
25	Saraswat Bank	3,984	89.41%	9.54%	1.05%
26	Standard Chartered	3,687	95.12%	4.80%	0.08%
27	Bandhan Bank	3,822	90.71%	7.80%	1.49%
28	Karnataka Bank	3,700	80.08%	3.30%	16.62%
29	Kalupur Commercial Cooperative Bank	2,365	93.74%	5.84%	0.42%
30	Karur Vysya Bank	2,470	89.15%	10.81%	0.04%
31	South Indian Bank	2,373	91.45%	8.55%
32	DBS BANK LTD	2,201	94.14%	5.81%	0.05%
33	Tamilnad Mercantile Bank	1,640	91.40%	8.48%	0.12%
34	Equitas Bank	1,543	91.06%	2.65%	6.29%
35	Punjab and Sind Bank	1,729	80.51%	17.75%	1.74%
36	RBL	1,544	89.70%	9.78%	0.52%
37	City Union Bank	1,164	91.24%	8.42%	0.34%
38	HSBC	1,003	94.42%	1.89%	3.69%
39	DCB Bank Ltd	1,005	90.45%	9.35%	0.20%
40	Surat People Cooperative Bank	966	90.17%	9.52%	0.31%
41	Svc co-operative bank ltd	884	90.84%	5.43%	3.73%
42	THE AHMEDABAD MERCANTILE CO OP BANK LTD	766	94.26%	2.35%	3.39%
43	TJSB	766	86.29%	10.19%	3.52%
44	Jammu and Kashmir Bank	704	79.83%	19.03%	1.14%
45	Janata Sahakari Bank Ltd. Pune	298	91.28%	8.72%
46	Dhanlaxmi Bank Ltd	241	86.31%	13.69%
47	Catholic Syrian Bank	173	82.66%	15.61%	1.73%
48	GP PARSIK BANK	151	90.07%	9.93%

Note:

Cases which are expired (after the specified time limit) have been excluded.

Remarks

Mandate Creation means a transaction where the customer has created a successful block of amount in the bank account for an IPO application.

UPI IPO Remitter - Mandate Execution (Oct'22)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	20,760	75.99%	0.00%	24.01%
2	HDFC BANK LTD	11,685	77.77%	0.00%	22.23%
3	Bank of Baroda	7,415	75.14%	0.00%	24.86%
4	ICICI Bank	7,443	73.08%	4.21%	22.71%
5	Axis Bank Ltd.	4,939	77.79%	0.00%	22.21%
6	Punjab National Bank	3,342	76.21%	0.00%	23.79%
7	Bank of India	3,086	72.88%	0.00%	27.12%
8	Kotak Mahindra Bank	2,749	74.83%	0.25%	24.92%
9	Union Bank of India	2,804	74.39%	0.00%	25.61%
10	Canara Bank	1,768	75.34%	0.00%	24.66%
11	IDBI Bank Limited	1,425	76.07%	0.00%	23.93%
12	Central Bank Of India	1,230	75.93%	0.00%	24.07%
13	INDUSIND BANK	757	71.47%	0.00%	28.53%
14	Yes Bank Ltd	633	81.52%	0.00%	18.48%
15	Indian Bank	663	73.60%	0.00%	26.40%
16	UCO Bank	545	77.43%	0.00%	22.57%
17	Bank of Maharashtra	496	74.60%	0.00%	25.40%
18	IDFC FIRST Bank	462	77.92%	0.00%	22.08%
19	Citibank	319	80.88%	0.63%	18.49%
20	The Mehsana Urban Co-Operative Bank Ltd.	358	71.51%	0.00%	28.49%
21	Indian Overseas Bank	346	71.39%	0.00%	28.61%
22	Federal Bank	275	74.18%	0.00%	25.82%
23	AU Small Finance bank	218	83.03%	0.00%	16.97%
24	Rajkot Nagrik Sahakari Bank Ltd.	218	75.23%	0.00%	24.77%
25	Standard Chartered	213	75.59%	0.00%	24.41%
26	Bandhan Bank	204	76.47%	0.49%	23.04%
27	Saraswat Bank	197	78.17%	0.00%	21.83%
28	Karnataka Bank	186	71.51%	0.00%	28.49%
29	South Indian Bank	116	87.07%	0.00%	12.93%
30	Karur Vysya Bank	129	77.52%	0.00%	22.48%
31	DBS BANK LTD	136	73.53%	0.74%	25.73%
32	Kalupur Commercial Cooperative Bank	121	63.64%	0.00%	36.36%
33	Tamilnad Mercantile Bank	90	74.44%	0.00%	25.56%
34	Equitas Bank	80	78.75%	0.00%	21.25%
35	RBL	71	73.24%	0.00%	26.76%
36	Punjab and Sind Bank	70	72.86%	0.00%	27.14%
37	City Union Bank	55	83.64%	0.00%	16.36%
38	Svc co-operative bank ltd	51	76.47%	0.00%	23.53%
39	DCB Bank Ltd	45	77.78%	0.00%	22.22%
40	TJSB	41	80.49%	0.00%	19.51%
41	HSBC	47	70.21%	0.00%	29.79%
42	Surat People Cooperative Bank	44	65.91%	0.00%	34.09%
43	Jammu and Kashmir Bank	36	80.56%	0.00%	19.44%
44	THE AHMEDABAD MERCANTILE CO OP BANK LTD	39	64.10%	0.00%	35.90%
45	Janata Sahakari Bank Ltd. Pune	18	72.22%	0.00%	27.78%
46	Dhanlaxmi Bank Ltd	13	76.92%	0.00%	23.08%
47	Catholic Syrian Bank	9	100.00%	0.00%
48	GP PARSIK BANK	10	60.00%	0.00%	40.00%

Note:

Mandate execution relate only to IPO applications for which the shares have been allotted.
Business Declines (BD) and Technical Declines (TD) are at the time of online transactions and such declines are manually processed within 24 hrs to 48 hrs.

Remarks

Mandate Execution means transaction where the customer has applied for an IPO and has been allotted shares for which the funds are debited from the applicant’s account.

IPO Banks Performance (Sep'22)

UPI IPO Remitter - Mandate Creation (Sep'22)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	4,08,816	90.44%	9.35%	0.21%
2	HDFC BANK	2,35,874	93.62%	6.29%	0.09%
3	ICICI Bank	1,57,074	94.98%	4.72%	0.29%
4	Bank of Baroda	1,53,539	91.26%	8.67%	0.07%
5	Axis Bank	98,757	92.81%	6.84%	0.35%
6	Punjab National Bank	65,136	91.48%	7.67%	0.85%
7	Kotak Mahindra Bank	62,994	93.64%	6.29%	0.07%
8	Bank of India	62,257	93.31%	6.51%	0.18%
9	Union Bank of India	55,851	92.48%	7.30%	0.22%
10	Canara Bank	34,477	92.03%	7.64%	0.33%
11	IDBI Bank Limited	27,073	94.21%	5.74%	0.05%
12	Central Bank Of India	26,220	90.53%	7.03%	2.44%
13	Indian Bank	17,296	79.44%	18.72%	1.84%
14	Indusind Bank	14,655	91.63%	8.21%	0.16%
15	IDFC FIRST Bank	12,359	89.00%	9.31%	1.69%
16	Yes Bank	12,023	87.96%	11.99%	0.06%
17	Bank of Maharashtra	10,563	91.22%	7.44%	1.33%
18	UCO Bank	11,408	80.45%	18.99%	0.56%
19	Indian Overseas Bank	8,069	89.37%	10.37%	0.26%
20	The Mehsana Urban Co-Operative Bank	7,700	93.44%	6.51%	0.05%
21	Citi Bank	6,666	95.02%	4.74%	0.24%
22	Federal Bank	6,361	87.45%	12.44%	0.11%
23	AU Small Finance bank	5,273	90.25%	9.18%	0.57%
24	Rajkot Nagrik Sahakari Bank	5,157	90.69%	6.48%	2.83%
25	Tamilnad Mercantile Bank	5,059	86.24%	13.70%	0.06%
26	Standard Chartered	4,539	93.17%	6.68%	0.15%
27	Saraswat Bank	4,593	87.66%	12.02%	0.33%
28	Bandhan Bank	3,941	88.15%	7.26%	4.59%
29	Karnataka Bank	3,921	88.47%	7.75%	3.77%
30	Karur Vysya Bank	3,282	85.10%	14.56%	0.34%
31	South Indian Bank	2,606	91.17%	8.75%	0.08%
32	Kalupur Commercial Cooperative Bank	2,641	87.09%	8.75%	4.17%
33	DBS Bank	2,721	93.83%	5.99%	0.18%
34	City Union Bank	2,021	86.49%	10.24%	3.27%
35	Equitas Bank	1,911	89.32%	3.19%	7.48%
36	Punjab and Sind Bank	1,805	92.35%	6.93%	0.72%
37	RBL	1,837	89.22%	10.67%	0.11%
38	DCB Bank	1,145	88.30%	11.70%	0.00%
39	HSBC	1,019	94.21%	3.24%	2.55%
40	Svc co-operative Bank	1,016	93.21%	6.40%	0.39%
41	Surat People Cooperative Bank	999	90.19%	8.61%	1.20%
42	THE AHMEDABAD MERCANTILE CO OP BANK	820	93.66%	3.05%	3.29%
43	TJSB	815	89.45%	10.31%	0.25%
44	Jammu and Kashmir Bank	661	74.89%	22.39%	2.72%
45	Janata Sahakari Bank Pune	358	91.62%	8.10%	0.28%
46	Dhanlaxmi Bank	285	84.21%	15.44%	0.35%
47	GP PARSIK BANK	172	93.02%	6.98%	0.00%
48	Catholic Syrian Bank	197	80.20%	15.74%	4.06%

Note:

Cases which are expired (after the specified time limit) have been excluded.

Remarks

Mandate Creation means a transaction where the customer has created a successful block of amount in the bank account for an IPO application.

UPI IPO Remitter - Mandate Execution (Sep'22)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	34,351	99.90%	0.01%	0.09%
2	HDFC Bank	20,468	99.94%	0.00%	0.06%
3	ICICI Bank	14,557	96.62%	1.58%	1.80%
4	Bank of Baroda	12,344	100.00%	0.00%	0.00%
5	Axis Bank	8,389	99.99%	0.01%	0.00%
6	Punjab National Bank	5,559	100.00%	0.00%	0.00%
7	Bank of India	4,963	100.00%	0.00%	0.00%
8	Kotak Mahindra Bank	4,707	99.98%	0.02%	0.00%
9	Union Bank of India	4,669	96.17%	0.02%	3.81%
10	Canara Bank	3,047	99.97%	0.03%	0.00%
11	IDBI Bank	2,290	100.00%	0.00%	0.00%
12	Central Bank Of India	2,153	100.00%	0.00%	0.00%
13	Indian Bank	1,422	99.02%	0.00%	0.98%
14	Indusind Bank	973	99.90%	0.10%	0.00%
15	Yes Bank	945	100.00%	0.00%	0.00%
16	IDFC FIRST Bank	933	99.79%	0.00%	0.21%
17	Bank of Maharashtra	855	100.00%	0.00%	0.00%
18	UCO Bank	805	100.00%	0.00%	0.00%
19	Tamilnad Mercantile Bank	764	100.00%	0.00%	0.00%
20	Indian Overseas Bank	711	100.00%	0.00%	0.00%
21	Citi Bank	700	100.00%	0.00%	0.00%
22	The Mehsana Urban Co-Operative Bank	581	100.00%	0.00%	0.00%
23	Federal Bank	522	100.00%	0.00%	0.00%
24	Standard Chartered	442	100.00%	0.00%	0.00%
25	Karur Vysya Bank	353	99.43%	0.00%	0.57%
26	Rajkot Nagrik Sahakari Bank	348	100.00%	0.00%	0.00%
27	Saraswat Bank	339	100.00%	0.00%	0.00%
28	Karnataka Bank	342	97.66%	0.00%	2.34%
29	Bandhan Bank	317	99.68%	0.32%	0.00%
30	AU Small Finance bank	290	100.00%	0.00%	0.00%
31	South Indian Bank	262	100.00%	0.00%	0.00%
32	City Union Bank	228	100.00%	0.00%	0.00%
33	DBS BANK LTD	247	100.00%	0.00%	0.00%
34	Kalupur Commercial Cooperative Bank	203	95.57%	0.00%	4.43%
35	Punjab and Sind Bank	175	100.00%	0.00%	0.00%
36	RBL	139	95.68%	0.00%	4.32%
37	Equitas Bank	130	92.31%	0.77%	6.92%
38	HSBC	107	100.00%	0.00%	0.00%
39	DCB Bank	96	100.00%	0.00%	0.00%
40	Svc co-operative Bank	85	92.94%	0.00%	7.06%
41	Surat People Cooperative Bank	73	100.00%	0.00%	0.00%
42	THE AHMEDABAD MERCANTILE CO OP BANK	64	100.00%	0.00%	0.00%
43	TJSB	59	100.00%	0.00%	0.00%
44	Jammu and Kashmir Bank	47	100.00%	0.00%	0.00%
45	Janata Sahakari Bank	32	100.00%	0.00%	0.00%
46	Dhanlaxmi Bank	29	100.00%	0.00%	0.00%
47	Catholic Syrian Bank	21	100.00%	0.00%	0.00%
48	GP PARSIK BANK	11	100.00%	0.00%	0.00%

Note:

Mandate execution relate only to IPO applications for which the shares have been allotted.
Business Declines (BD) and Technical Declines (TD) are at the time of online transactions and such declines are manually processed within 24 hrs to 48 hrs.

Remarks

Mandate Execution means transaction where the customer has applied for an IPO and has been allotted shares for which the funds are debited from the applicant’s account.

IPO Banks Performance (Aug'22)

UPI IPO Remitter - Mandate Creation (Aug'22)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	2,83,327	88.55%	10.16%	1.29%
2	HDFC Bank Ltd.	1,56,231	93.74%	6.04%	0.22%
3	Bank of Baroda	1,08,446	92.07%	7.89%	0.04%
4	ICICI Bank	1,04,285	94.47%	4.69%	0.84%
5	Axis Bank	65,282	91.16%	7.33%	1.51%
6	Punjab National Bank	49,159	91.45%	7.81%	0.74%
7	Kotak Mahindra Bank	44,177	93.98%	5.95%	0.07%
8	Bank of India	44,157	93.46%	6.41%	0.13%
9	Union Bank of India	38,301	91.01%	8.94%	0.05%
10	Canara Bank	23,791	90.88%	7.95%	1.17%
11	IDBI Bank Limited	19,153	93.96%	5.89%	0.15%
12	Central Bank Of India	19,512	87.43%	7.15%	5.42%
13	INDUSIND BANK	10,463	91.88%	7.87%	0.26%
14	Indian Bank	11,825	75.59%	8.19%	16.22%
15	Yes Bank	8,911	90.00%	9.99%	0.01%
16	IDFC FIRST Bank	8,620	90.75%	8.07%	1.18%
17	UCO Bank	7,991	82.22%	17.31%	0.47%
18	Bank of Maharashtra	6,488	91.46%	7.63%	0.91%
19	The Mehsana Urban Co-Operative Bank Ltd	6,287	93.32%	6.55%	0.13%
20	Indian Overseas Bank	5,002	88.20%	11.44%	0.36%
21	Rajkot Nagrik Sahakari Bank Ltd.	4,616	93.59%	6.35%	0.06%
22	Federal Bank	4,145	87.36%	12.45%	0.19%
23	AU Small Finance bank	3,993	79.39%	8.36%	12.25%
24	Bandhan Bank	2,981	90.27%	7.65%	2.08%
25	Standard Chartered	2,644	93.15%	5.72%	1.13%
26	Saraswat Bank	2,519	92.46%	7.50%	0.04%
27	Citibank	5,806	38.62%	60.87%	0.51%
28	Karnataka Bank	2,541	87.49%	10.39%	2.12%
29	Karur Vysya Bank	1,994	83.65%	14.44%	1.91%
30	South Indian Bank	1,953	82.23%	17.77%	0.00%
31	Kalupur Commercial Cooperative Bank	1,722	90.19%	8.82%	0.99%
32	DBS BANK LTD	1,577	94.10%	5.90%	0.00%
33	Punjab and Sind Bank	1,320	91.67%	8.26%	0.07%
34	Equitas Bank	1,254	88.60%	3.67%	7.73%
35	Tamilnad Mercantile Bank	1,142	90.98%	8.23%	0.79%
36	RBL	1,176	85.80%	13.78%	0.42%
37	City Union Bank	865	89.13%	9.48%	1.39%
38	HSBC	739	93.37%	3.79%	2.84%
39	DCB Bank Ltd	768	89.19%	9.25%	1.56%
40	Surat People Cooperative Bank	705	85.96%	12.91%	1.13%
41	Svc co-operative bank ltd	622	95.02%	4.98%	0.00%
42	THE AHMEDABAD MERCANTILE CO OP BANK LTD	561	93.05%	3.57%	3.38%

Note:

Cases which are expired (after the specified time limit) have been excluded.

Remarks

Mandate Creation means a transaction where the customer has created a successful block of amount in the bank account for an IPO application.

UPI IPO Remitter - Mandate Execution (Aug'22)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	25,126	99.99%	0.01%	0.00%
2	HDFC BANK LTD	13,760	100.00%	0.00%	0.00%
3	Bank of Baroda	9,589	100.00%	0.00%	0.00%
4	ICICI Bank	9,301	99.24%	0.29%	0.47%
5	Axis Bank Ltd.	5,937	100.00%	0.00%	0.00%
6	Punjab National Bank	4,454	100.00%	0.00%	0.00%
7	Kotak Mahindra Bank	3,734	99.01%	0.03%	0.96%
8	Union Bank of India	3,512	100.00%	0.00%	0.00%
9	Bank of India	3,334	99.91%	0.00%	0.09%
10	Canara Bank	2,122	99.91%	0.00%	0.09%
11	IDBI Bank Limited	1,728	99.25%	0.00%	0.75%
12	Central Bank Of India	1,668	88.37%	0.00%	11.63%
13	Indian Bank	882	99.89%	0.00%	0.11%
14	INDUSIND BANK	910	96.59%	0.00%	3.41%
15	Yes Bank Ltd	746	100.00%	0.00%	0.00%
16	UCO Bank	610	96.56%	0.00%	3.44%
17	Bank of Maharashtra	562	100.00%	0.00%	0.00%
18	IDFC FIRST Bank	562	99.82%	0.00%	0.18%
19	The Mehsana Urban Co-Operative Bank Ltd.	572	91.61%	0.00%	8.39%
20	Indian Overseas Bank	455	98.24%	0.00%	1.76%
21	Rajkot Nagrik Sahakari Bank Ltd.	346	100.00%	0.00%	0.00%
22	Federal Bank	282	94.33%	0.00%	5.67%
23	Bandhan Bank	271	98.15%	0.00%	1.85%
24	Standard Chartered	253	100.00%	0.00%	0.00%
25	Karnataka Bank	228	97.37%	0.00%	2.63%
26	AU Small Finance bank	210	100.00%	0.00%	0.00%
27	Saraswat Bank	205	99.51%	0.00%	0.49%
28	Karur Vysya Bank	186	99.46%	0.00%	0.54%
29	DBS BANK LTD	144	100.00%	0.00%	0.00%
30	Punjab and Sind Bank	132	100.00%	0.00%	0.00%
31	Kalupur Commercial Cooperative Bank	140	93.57%	0.00%	6.43%
32	Tamilnad Mercantile Bank	102	100.00%	0.00%	0.00%
34	City Union Bank	84	100.00%	0.00%	0.00%
35	Equitas Bank	76	98.68%	1.32%	0.00%
36	RBL	74	100.00%	0.00%	0.00%
37	DCB Bank Ltd	74	100.00%	0.00%	0.00%
38	HSBC	65	93.85%	0.00%	6.15%
39	Svc co-operative bank ltd	60	100.00%	0.00%	0.00%
40	Surat People Cooperative Bank	57	98.25%	0.00%	1.75%
41	THE AHMEDABAD MERCANTILE CO OP BANK LTD	45	100.00%	0.00%	0.00%
42	Jammu and Kashmir Bank	38	100.00%	0.00%	0.00%
43	TJSB	25	100.00%	0.00%	0.00%

Note:

Mandate execution relate only to IPO applications for which the shares have been allotted.
Business Declines (BD) and Technical Declines (TD) are at the time of online transactions and such declines are manually processed within 24 hrs to 48 hrs.

Remarks

Mandate Execution means transaction where the customer has applied for an IPO and has been allotted shares for which the funds are debited from the applicant’s account.

IPO Banks Performance (Jul'22)

UPI IPO Remitter - Mandate Creation (Jul'22)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank of India	2,562	50.59%	7.85%	41.56%
2	HDFC Bank Ltd.	1,915	91.91%	7.68%	0.41%
3	ICICI Bank	1,170	92.65%	5.98%	1.37%
4	Axis Bank	654	87.77%	9.94%	2.29%
5	Bank of Baroda	516	86.05%	13.37%	0.58%
6	Kotak Mahindra Bank	413	88.62%	9.93%	1.45%
7	Punjab National Bank	355	76.62%	21.13%	2.25%
8	Union Bank of India	292	90.31%	9.69%	0.00%
9	Bank of India	280	91.79%	6.79%	1.42%
10	Canara Bank	175	82.29%	7.43%	10.28%
11	Yes Bank	172	93.02%	6.40%	0.58%
12	IDBI Bank Limited	142	88.73%	10.56%	0.71%
13	IDFC FIRST Bank	139	82.73%	12.95%	4.32%
14	Indusind Bank	138	87.68%	11.59%	0.73%
15	AU Small Finance Bank	102	91.18%	8.82%	0.00%
16	Central Bank of India	99	88.89%	8.08%	3.03%
17	Citibank N.A	81	93.83%	6.17%	0.00%
18	Indian Bank	72	95.83%	4.17%	0.00%
19	Indian Overseas Bank	54	81.48%	16.67%	1.85%
20	RBL BANK	50	90.00%	10.00%	0.00%
21	UCO Bank	48	72.92%	27.08%	0.00%
22	Federal Bank	44	97.73%	2.27%	0.00%
23	Standard Chartered Bank	44	84.09%	15.91%	0.00%
24	Bank of Maharashtra	43	88.37%	11.63%	0.00%
25	Karur Vysya Bank Limited	43	55.81%	27.91%	16.28%
26	Rajkot Nagrik Sahakari Bank Ltd.	36	77.78%	5.56%	16.66%
27	The Mehsana Urban Co-operative Bank Limited	36	91.67%	8.33%	0.00%
28	Equitas Small Finance Bank	25	92.00%	8.00%	0.00%
29	City Union Bank	23	95.65%	4.35%	0.00%
30	South Indian Bank	20	95.00%	5.00%	0.00%
31	SVC Co-operative Bank Limited	18	88.89%	11.11%	0.00%
32	Bandhan Bank	17	94.12%	0.00%	5.88%
33	HSBC Bank	13	69.23%	0.00%	30.77%
34	DBS Bank India Limited	13	91.67%	8.33%	0.00%
35	DCB Bank	11	100.00%	0.00%	0.00%
36	Punjab & Sind Bank	10	80.00%	20.00%	0.00%
37	Tamilnad Mercantile Bank	7	85.71%	14.29%	0.00%
38	The Kalupur Commercial Co-operative Bank Ltd.	6	100.00%	0.00%	0.00%
39	Svc co-operative bank ltd	6	83.33%	16.67%	0.00%
40	The Ahmedabad Mercantile Co-operative Bank Limited	5	100.00%	0.00%	0.00%
41	Karnataka Bank Limited	4	100.00%	0.00%	0.00%
42	Dhanlaxmi Bank Limited	4	100.00%	0.00%	0.00%
43	Janata Sahakari Bank Ltd	2	100.00%	0.00%	0.00%
44	The Jammu & Kashmir Bank Ltd	1	100.00%	0.00%	0.00%

Note:

Cases which are expired (after the specified time limit) have been excluded.

Remarks

Mandate Creation means a transaction where the customer has created a successful block of amount in the bank account for an IPO application.

UPI IPO Remitter - Mandate Execution (Jul'22)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	HDFC Bank Ltd.	743	98.65%	0.00%	1.35%
2	ICICI Bank	589	97.28%	1.19%	1.53%
3	State Bank of India	409	98.29%	0.49%	1.22%
4	Axis Bank	222	100.00%	0.00%	0.00%
5	Kotak Mahindra Bank	123	100.00%	0.00%	0.00%
6	Bank of Baroda	118	99.15%	0.85%	0.00%
7	Union Bank of India	99	100.00%	0.00%	0.00%
8	Punjab National Bank	80	100.00%	0.00%	0.00%
9	Bank of India	76	100.00%	0.00%	0.00%
10	IDBI Bank Limited	63	100.00%	0.00%	0.00%
11	Canara Bank	62	98.39%	0.00%	1.61%
12	IndusInd Bank	44	100.00%	0.00%	0.00%
13	IDFC FIRST Bank	43	97.67%	0.00%	2.33%
14	Yes Bank	36	100.00%	0.00%	0.00%
15	Citibank N.A	36	100.00%	0.00%	0.00%
16	Indian Bank	31	100.00%	0.00%	0.00%
17	AU Small Finance bank	28	100.00%	0.00%	0.00%
18	Central Bank of India	28	82.14%	0.00%	17.86%
19	Bank of Maharashtra	22	100.00%	0.00%	0.00%
20	RBL Bank	21	100.00%	0.00%	0.00%
21	Standard Chartered Bank	20	100.00%	0.00%	0.00%
22	Saraswat Co-operative Bank Limited	15	100.00%	0.00%	0.00%
23	Karur Vysya Bank Limited	15	100.00%	0.00%	0.00%
24	The Federal Bank Limited	13	100.00%	0.00%	0.00%
25	Indian Overseas Bank	12	100.00%	0.00%	0.00%
26	The Mehsana Urban Co-operative Bank Limited	10	100.00%	0.00%	0.00%
27	South Indian Bank	10	100.00%	0.00%	0.00%
28	UCO Bank	9	100.00%	0.00%	0.00%
29	HSBC Bank	7	100.00%	0.00%	0.00%
30	City Union Bank	7	71.43%	0.00%	28.57%
31	Bandhan Bank	6	100.00%	0.00%	0.00%
32	Tamilnad Mercantile Bank	5	100.00%	0.00%	0.00%
33	DCB Bank	5	100.00%	0.00%	0.00%
34	Equitas Small Finance Bank	4	100.00%	0.00%	0.00%
35	DBS Bank India Limited	6	100.00%	0.00%	0.00%
36	The Ahmedabad Mercantile Co-operative Bank Limited	3	100.00%	0.00%	0.00%
37	Punjab and Sind Bank	3	100.00%	0.00%	0.00%
38	Karnataka Bank Limited	3	100.00%	0.00%	0.00%
39	The Kalupur Commercial Co-operative Bank Ltd.	3	100.00%	0.00%	0.00%
40	SVC Co-operative Bank Limited	2	100.00%	0.00%	0.00%
41	Rajkot Nagarik Sahakari Bank Ltd.	2	100.00%	0.00%	0.00%
42	Janata Sahakari Bank Ltd	2	100.00%	0.00%	0.00%
43	GP Parsik Sahakari Bank Limited	1	100.00%	0.00%	0.00%
44	The Catholic Syrian Bank Limited	1	100.00%	0.00%	0.00%

Note:

Mandate execution relate only to IPO applications for which the shares have been allotted.
Business Declines (BD) and Technical Declines (TD) are at the time of online transactions and such declines are manually processed within 24 hrs to 48 hrs.

Remarks

Mandate Execution means transaction where the customer has applied for an IPO and has been allotted shares for which the funds are debited from the applicant’s account.

IPO Banks Performance (Jun'22)

UPI IPO Remitter - Mandate Creation (Jun'22)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	HDFC BANK LTD	866	89.61%	7.39%	3.00%
2	State Bank Of India	845	84.26%	9.47%	6.27%
3	ICICI Bank	611	93.13%	4.58%	2.29%
4	Axis Bank Ltd.	266	89.85%	7.89%	2.26%
5	Bank of Baroda	240	80.00%	8.33%	11.67%
6	Kotak Mahindra Bank	177	88.14%	8.47%	3.39%
7	Bank of India	112	90.18%	5.36%	4.46%
8	Union Bank of India	108	90.74%	7.41%	1.85%
9	Punjab National Bank	97	85.57%	8.25%	6.19%
10	Canara Bank	77	84.42%	12.99%	2.60%
11	IDBI Bank Limited	64	89.06%	9.38%	1.56%
12	INDUSIND BANK	60	90.00%	10.00%	0.00%
13	Citibank	52	92.31%	0.00%	7.69%
14	Yes Bank Ltd	48	77.08%	16.67%	6.25%
15	AU Small Finance bank	47	91.49%	8.51%	0.00%
16	Central Bank Of India	37	89.19%	2.70%	8.11%
17	IDFC FIRST Bank	37	91.89%	2.70%	5.41%
18	Federal Bank	36	94.44%	5.56%	0.00%
19	The Mehsana Urban Co-Operative Bank Ltd.	29	96.55%	3.45%	0.00%
20	Bank of Maharashtra	24	70.83%	29.17%	0.00%
21	Indian Bank	25	96.00%	4.00%	0.00%
22	Karur Vysya Bank	23	78.26%		21.74%
23	Indian Overseas Bank	20	85.00%	15.00%	0.00%
24	UCO Bank	19	57.89%	36.84%	5.26%
25	South Indian Bank	17	100.00%		0.00%
26	Equitas Small Finance Bank	15	86.67%		13.33%
27	Rajkot Nagrik Sahakari Bank Ltd.	15	86.67%		13.33%
28	DBS Bank India Limited	14	100.00%
29	Standard Chartered	13	92.31%	7.69%
30	Karnataka Bank	12	33.33%	41.67%	25.00%
31	City Union Bank	10	90.00%	10.00%
32	Bandhan Bank	9	77.78%	22.22%
33	DCB Bank Ltd	8	87.50%	12.50%
34	Punjab and Sind Bank	8	75.00%	25.00%
35	RBL	7	71.43%	14.29%	14.29%
36	Dhanlaxmi Bank Ltd	5	100.00%
37	Saraswat Bank	5	80.00%		20.00%
38	Jammu and Kashmir Bank	4	50.00%	25.00%	25.00%
39	Tamilnad Mercantile Bank	3	100.00%
40	Catholic Syrian Bank	1	100.00%
41	GP PARSIK BANK	1	100.00%
42	Janata Sahakari Bank Ltd. Pune	1	100.00%
43	The Kalupur Commercial Co-op Bank	1	0.00%	100.00%
44	Svc co-operative bank ltd	1	100.00%
45	The Ahmedabad Mercantile Co-op Bank Ltd	1	100.00%
46	TJSB Sahakari Bank Ltd	1	100.00%

Note:

Cases which are expired (after the specified time limit) have been excluded.

Remarks

Mandate Creation means a transaction where the customer has created a successful block of amount in the bank account for an IPO application.

UPI IPO Remitter - Mandate Execution (Jun'22)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	3,578	100.00%	0.00%	0.00%
2	HDFC Bank Ltd	2,697	100.00%	0.00%	0.00%
3	ICICI Bank	2,228	98.74%	0.94%	0.31%
4	Axis Bank Ltd	1,105	99.91%	0.00%	0.09%
5	Bank of Baroda	1,012	100.00%	0.00%	0.00%
6	Kotak Mahindra Bank	795	100.00%	0.00%	0.00%
7	Punjab National Bank	614	100.00%	0.00%	0.00%
8	Union Bank of India	505	100.00%	0.00%	0.00%
9	Bank of India	423	100.00%	0.00%	0.00%
10	Canara Bank	339	96.17%	0.00%	3.83%
11	IDBI Bank Limited	240	100.00%	0.00%	0.00%
12	Central Bank Of India	171	100.00%	0.00%	0.00%
13	IndusInd Bank	170	100.00%	0.00%	0.00%
14	Citibank	168	100.00%	0.00%	0.00%
15	Indian Bank	155	100.00%	0.00%	0.00%
16	IDFC FIRST Bank	134	100.00%	0.00%	0.00%
17	Yes Bank Ltd	131	100.00%	0.00%	0.00%
18	South Indian Bank	115	100.00%	0.00%	0.00%
19	Bank of Maharashtra	83	100.00%	0.00%	0.00%
20	UCO Bank	79	100.00%	0.00%	0.00%
21	Federal Bank	78	100.00%	0.00%	0.00%
22	Indian Overseas Bank	68	100.00%	0.00%	0.00%
23	Standard Chartered	64	100.00%	0.00%	0.00%
24	The Mehsana Urban Co-Operative Bank Ltd.	51	98.04%	0.00%	1.96%
25	Karur Vysya Bank	50	100.00%	0.00%	0.00%
26	DBS Bank Ltd	49	97.96%	2.04%	0.00%
27	AU Small Finance bank	42	100.00%	0.00%	0.00%
28	RBL Bank	39	100.00%	0.00%	0.00%
29	Bandhan Bank	39	97.44%	0.00%	2.56%
30	Karnataka Bank	37	100.00%	0.00%	0.00%
31	Tamilnad Mercantile Bank	30	100.00%	0.00%	0.00%
32	Saraswat Bank	28	100.00%	0.00%	0.00%
33	Equitas Small Finance Bank	18	100.00%	0.00%	0.00%
34	HSBC Bank	16	100.00%	0.00%	0.00%
35	City Union Bank	26	61.54%	0.00%	38.46%
36	Punjab and Sind Bank	14	100.00%	0.00%	0.00%
37	The Kalupur Commercial Co-op Bank	13	100.00%	0.00%	0.00%
38	Rajkot Nagrik Sahakari Bank Ltd.	11	100.00%	0.00%	0.00%
39	Dhanlaxmi Bank Ltd	10	100.00%	0.00%	0.00%
40	DCB Bank Ltd	10	100.00%	0.00%	0.00%
41	TJSB Sahakari Bank Ltd	8	100.00%	0.00%	0.00%
42	Surat People Cooperative Bank	7	85.71%	0.00%	14.29%
43	The Ahmedabad Mercantile Co-op Bank Ltd	5	100.00%	0.00%	0.00%
44	Svc co-operative bank ltd	5	100.00%	0.00%	0.00%
45	Jammu and Kashmir Bank	5	100.00%	0.00%	0.00%
46	Janata Sahakari Bank Ltd. Pune	4	100.00%	0.00%	0.00%
47	GP Parsik Bank	3	100.00%	0.00%	0.00%
48	DBS Bank India Limited	3	100.00%	0.00%	0.00%
49	Catholic Syrian Bank	4	75.00%	0.00%	25.00%

Note:

Mandate execution relate only to IPO applications for which the shares have been allotted.
Business Declines (BD) and Technical Declines (TD) are at the time of online transactions and such declines are manually processed within 24 hrs to 48 hrs.

Remarks

Mandate Execution means transaction where the customer has applied for an IPO and has been allotted shares for which the funds are debited from the applicant’s account.

IPO Banks Performance (May'22)

UPI IPO Remitter - Mandate Creation (May'22)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	1,241,693	85.87%	13.43%	0.70%
2	HDFC Bank Ltd	726,223	91.81%	7.70%	0.49%
3	ICICI Bank	518,390	94.79%	5.11%	0.10%
4	Axis Bank Ltd	313,970	91.19%	8.60%	0.21%
5	Bank of Baroda	290,459	88.43%	11.39%	0.18%
6	Punjab National Bank	196,619	88.90%	10.78%	0.32%
7	Kotak Mahindra Bank	181,078	81.04%	18.59%	0.37%
8	Union Bank of India	171,266	90.11%	9.83%	0.06%
9	Bank of India	138,784	91.18%	8.75%	0.07%
10	Canara Bank	107,535	88.19%	10.10%	1.71%
11	IDBI Bank Limited	85,482	92.01%	7.94%	0.05%
12	Central Bank Of India	63,422	89.41%	10.14%	0.45%
13	Indian Bank	48,321	87.41%	11.19%	1.40%
14	Bank of Maharashtra	41,603	89.21%	10.55%	0.24%
15	Citibank	37,756	94.11%	5.84%	0.05%
16	IndusInd Bank	34,911	89.72%	10.11%	0.17%
17	Yes Bank Ltd	30,248	83.26%	16.71%	0.03%
18	UCO Bank	30,171	88.30%	11.43%	0.27%
19	IDFC FIRST Bank	27,629	87.93%	11.57%	0.50%
20	Indian Overseas Bank	24,902	87.65%	12.21%	0.14%
21	Federal Bank	23,106	81.62%	18.32%	0.06%
22	Standard Chartered	20,162	93.04%	6.88%	0.08%
23	Karnataka Bank	15,905	84.73%	13.08%	2.19%
24	Saraswat Bank	15,175	83.17%	11.80%	5.03%
25	Karur Vysya Bank	10,864	80.80%	17.10%	2.10%
26	Bandhan Bank	10,313	87.97%	9.99%	2.04%
27	South Indian Bank	9,766	87.28%	12.58%	0.14%
28	AU Small Finance bank	8,484	88.25%	11.26%	0.49%
29	The Mehsana Urban Co-Operative Bank Ltd.	8,381	90.39%	9.53%	0.08%
30	DBS Bank Ltd	8,324	92.96%	6.74%	0.30%
31	City Union Bank	6,154	86.16%	13.60%	0.24%
32	Punjab and Sind Bank	5,871	87.53%	12.43%	0.04%
33	RBL Bank	5,282	83.59%	14.22%	2.19%
34	HSBC Bank	5,165	91.60%	2.88%	5.52%
35	Jammu and Kashmir Bank	4,975	57.75%	27.02%	15.23%
36	Rajkot Nagrik Sahakari Bank Ltd.	4,844	92.86%	6.40%	0.74%
37	Tamilnad Mercantile Bank	4,527	86.19%	10.58%	3.23%
38	TJSB Sahakari Bank Ltd	3,727	83.26%	13.31%	3.43%
39	Svc co-operative bank ltd	3,692	91.03%	8.78%	0.19%
40	Equitas Small Finance Bank	3,577	88.45%	10.04%	1.51%
41	The Kalupur Commercial Co-op Bank	2,990	92.07%	7.09%	0.84%
42	DCB Bank Ltd	2,746	83.50%	16.39%	0.11%
43	Janata Sahakari Bank Ltd. Pune	1,739	89.94%	9.89%	0.17%
44	Surat People Cooperative Bank	1,486	72.21%	26.51%	1.28%
45	Dhanlaxmi Bank Ltd	1,234	84.68%	14.99%	0.33%
46	DBS Bank India Limited	1,214	83.53%	15.57%	0.90%
47	Catholic Syrian Bank	1,085	84.70%	13.92%	1.38%
48	The Ahmedabad Mercantile Co-op Bank Ltd	1,063	91.63%	5.55%	2.82%
49	GP Parsik Bank	768	90.76%	8.98%	0.26%

Note:

Cases which are expired (after the specified time limit) have been excluded.

Remarks

Mandate Creation means a transaction where the customer has created a successful block of amount in the bank account for an IPO application.

UPI IPO Remitter - Mandate Execution (May'22)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	627,163	99.94%	0.06%	0.00%
2	HDFC Bank Ltd	401,512	99.94%	0.06%	0.00%
3	ICICI Bank	294,800	99.42%	0.49%	0.09%
4	Axis Bank Ltd	170,230	99.95%	0.05%	0.00%
5	Bank of Baroda	160,996	99.25%	0.75%	0.00%
6	Punjab National Bank	105,023	99.92%	0.07%	0.01%
7	Union Bank of India	94,026	99.63%	0.37%	0.00%
8	Kotak Mahindra Bank	87,224	99.93%	0.07%	0.00%
9	Bank of India	78,010	99.95%	0.05%	0.00%
10	Canara Bank	53,415	60.50%	0.10%	39.40%
11	IDBI Bank Limited	46,298	99.97%	0.00%	0.03%
12	Central Bank Of India	34,618	100.00%	0.00%	0.00%
13	Indian Bank	24,891	98.97%	1.03%	0.00%
14	Citibank	21,813	99.95%	0.05%	0.00%
15	Bank of Maharashtra	21,434	99.97%	0.02%	0.01%
16	IndusInd Bank	18,502	99.98%	0.02%	0.00%
17	UCO Bank	15,723	99.93%	0.06%	0.01%
18	Yes Bank Ltd	15,138	99.89%	0.11%	0.00%
19	IDFC FIRST Bank	14,534	97.23%	2.77%	0.00%
20	Indian Overseas Bank	12,990	99.95%	0.05%	0.00%
21	Standard Chartered	11,286	100.00%	0.00%	0.00%
22	Federal Bank	10,572	99.93%	0.07%	0.00%
23	Karnataka Bank	7,951	99.47%	0.04%	0.49%
24	Saraswat Bank	7,261	73.98%	0.01%	26.01%
25	Bandhan Bank	5,537	99.53%	0.18%	0.29%
26	The Mehsana Urban Co-Operative Bank Ltd.	5,252	99.98%	0.00%	0.02%
27	Karur Vysya Bank	5,228	98.20%	0.00%	1.80%
28	South Indian Bank	5,068	99.94%	0.00%	0.06%
29	DBS Bank Ltd	4,674	99.94%	0.06%	0.00%
30	AU Small Finance bank	4,070	99.93%	0.02%	0.05%
31	Rajkot Nagrik Sahakari Bank Ltd.	3,665	100.00%	0.00%	0.00%
32	City Union Bank	3,158	74.45%	0.00%	25.55%
33	Punjab and Sind Bank	3,011	99.90%	0.10%	0.00%
34	HSBC Bank	2,936	99.97%	0.00%	0.03%
35	RBL Bank	2,526	99.33%	0.00%	0.67%
36	Tamilnad Mercantile Bank	2,264	98.81%	0.00%	1.19%
37	Svc co-operative bank ltd	1,959	99.90%	0.00%	0.10%
38	The Kalupur Commercial Co-op Bank	1,913	99.48%	0.00%	0.52%
39	Equitas Small Finance Bank	1,835	98.64%	1.36%	0.00%
40	TJSB Sahakari Bank Ltd	1,757	99.94%	0.06%	0.00%
41	Jammu and Kashmir Bank	1,633	99.57%	0.00%	0.43%
42	DCB Bank Ltd	1,334	99.63%	0.00%	0.37%
43	Janata Sahakari Bank Ltd. Pune	911	100.00%	0.00%	0.00%
44	Surat People Cooperative Bank	648	100.00%	0.00%	0.00%
45	Dhanlaxmi Bank Ltd	614	99.51%	0.00%	0.49%
46	The Ahmedabad Mercantile Co-op Bank Ltd	603	100.00%	0.00%	0.00%
47	DBS Bank India Limited	587	90.80%	8.86%	0.34%
48	Catholic Syrian Bank	554	98.74%	0.00%	1.26%
49	GP Parsik Bank	419	100.00%	0.00%	0.00%

Note:

Mandate execution relate only to IPO applications for which the shares have been allotted.
Business Declines (BD) and Technical Declines (TD) are at the time of online transactions and such declines are manually processed within 24 hrs to 48 hrs.

Remarks

Mandate Execution means transaction where the customer has applied for an IPO and has been allotted shares for which the funds are debited from the applicant’s account.

IPO Banks Performance (Apr'22)

UPI IPO Remitter - Mandate Creation (Apr'22)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	292,388	86.10%	10.16%	3.74%
2	HDFC Bank Ltd	152,011	90.63%	5.62%	3.75%
3	Bank of Baroda	106,031	88.71%	11.24%	0.05%
4	ICICI Bank	102,895	95.30%	4.58%	0.12%
5	Axis Bank Ltd.	64,058	92.68%	6.54%	0.78%
6	Punjab National Bank	50,693	90.90%	8.05%	1.05%
7	Kotak Mahindra Bank	43,241	93.33%	5.82%	0.85%
8	Bank of India	42,336	93.06%	6.05%	0.89%
9	Union Bank of India	37,475	92.93%	6.76%	0.31%
10	Canara Bank	24,181	91.51%	7.46%	1.03%
11	IDBI Bank Limited	19,219	93.33%	5.80%	0.87%
12	Central Bank Of India	19,171	91.52%	8.03%	0.45%
13	Indian Bank	10,343	91.57%	7.77%	0.66%
14	IndusInd Bank	9,736	92.81%	6.84%	0.35%
15	UCO Bank	7,627	92.51%	7.26%	0.23%
16	Yes Bank Ltd	7,582	88.63%	11.34%	0.03%
17	IDFC FIRST Bank	7,309	92.91%	6.83%	0.26%
18	Bank of Maharashtra	6,934	83.57%	10.07%	6.36%
19	The Mehsana Urban Co-Operative Bank Ltd.	6,215	93.53%	6.44%	0.03%
20	Citibank	5,072	96.31%	3.67%	0.02%
21	Indian Overseas Bank	4,991	91.14%	8.70%	0.16%
22	Rajkot Nagrik Sahakari Bank Ltd.	4,005	92.33%	6.92%	0.75%
23	Federal Bank	3,819	86.75%	13.20%	0.05%
24	Saraswat Bank	3,119	69.51%	5.67%	24.82%
25	AU Small Finance bank	2,930	90.38%	9.15%	0.47%
26	Standard Chartered	2,924	95.08%	4.92%	0.00%
27	Bandhan Bank	2,867	91.63%	6.98%	1.39%
28	Karnataka Bank	2,313	91.18%	7.09%	1.73%
29	Karur Vysya Bank	1,889	87.03%	12.33%	0.64%
30	DBS Bank Ltd	1,866	94.75%	5.09%	0.16%
31	Kalupur Commercial Cooperative Bank	1,653	94.49%	5.14%	0.37%
32	South Indian Bank	1,639	91.82%	7.93%	0.25%
33	Punjab and Sind Bank	1,341	89.71%	10.22%	0.07%
34	RBL Bank	1,106	89.69%	9.67%	0.64%
35	Tamilnad Mercantile Bank	1,037	92.57%	7.23%	0.20%
36	Equitas Small Finance Bank	899	92.21%	6.79%	1.00%
37	City Union Bank	781	90.14%	9.60%	0.26%
38	DCB Bank Ltd	727	86.52%	12.93%	0.55%
39	HSBC Bank	674	95.40%	1.63%	2.97%
40	Surat People Cooperative Bank	611	91.00%	9.00%	0.00%
41	Svc co-operative bank ltd	599	92.15%	6.34%	1.51%
42	The Ahmedabad Mercantile Co-op Bank Ltd	561	93.76%	4.28%	1.96%
43	TJSB Sahakari Bank Ltd	464	84.70%	10.56%	4.74%
44	Janata Sahakari Bank Ltd. Pune	238	67.65%	14.71%	17.64%
45	Dhanlaxmi Bank Ltd	192	91.15%	8.33%	0.52%
46	Catholic Syrian Bank	120	89.17%	10.00%	0.83%
47	GP Parsik Bank	116	93.97%	6.03%	0.00%

Note:

Cases which are expired (after the specified time limit) have been excluded.

Remarks

Mandate Creation means a transaction where the customer has created a successful block of amount in the bank account for an IPO application.

UPI IPO Remitter - Mandate Execution (Apr'22)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	63,819	99.99%	0.01%	0.00%
2	HDFC Bank Ltd	36,738	100.00%	0.00%	0.00%
3	ICICI Bank	24,966	96.66%	0.60%	2.74%
4	Bank of Baroda	20,087	100.00%	0.00%	0.00%
5	Axis Bank Ltd.	16,029	99.98%	0.02%	0.00%
6	Punjab National Bank	12,905	99.98%	0.02%	0.00%
7	Bank of India	8,736	99.97%	0.03%	0.00%
8	Union Bank of India	8,560	99.98%	0.02%	0.00%
9	Kotak Mahindra Bank	8,559	99.04%	0.05%	0.91%
10	Canara Bank	5,622	99.98%	0.00%	0.02%
11	IDBI Bank Limited	4,684	100.00%	0.00%	0.00%
12	Central Bank Of India	4,097	100.00%	0.00%	0.00%
13	IndusInd Bank	2,468	99.88%	0.00%	0.12%
14	Indian Bank	2,357	100.00%	0.00%	0.00%
15	Yes Bank Ltd	1,972	100.00%	0.00%	0.00%
16	UCO Bank	1,728	99.94%	0.06%	0.00%
17	Bank of Maharashtra	1,561	98.46%	0.00%	1.54%
18	IDFC FIRST Bank	1,439	100.00%	0.00%	0.00%
19	Citibank	1,427	99.86%	0.14%	0.00%
20	Indian Overseas Bank	1,143	98.86%	0.00%	1.14%
21	The Mehsana Urban Co-Operative Bank Ltd.	995	100.00%	0.00%	0.00%
22	Rajkot Nagrik Sahakari Bank Ltd.	757	100.00%	0.00%	0.00%
23	Standard Chartered	746	99.87%	0.00%	0.13%
24	Federal Bank	742	100.00%	0.00%	0.00%
25	Bandhan Bank	674	100.00%	0.00%	0.00%
26	Karnataka Bank	609	99.51%	0.00%	0.49%
27	AU Small Finance bank	596	99.16%	0.00%	0.84%
28	Saraswat Bank	567	99.82%	0.00%	0.18%
29	South Indian Bank	520	100.00%	0.00%	0.00%
30	DBS Bank Ltd	446	100.00%	0.00%	0.00%
31	Karur Vysya Bank	388	100.00%	0.00%	0.00%
32	Punjab and Sind Bank	323	99.69%	0.31%	0.00%
33	Kalupur Commercial Cooperative Bank	273	99.63%	0.00%	0.37%
34	RBL Bank	228	100.00%	0.00%	0.00%
35	Tamilnad Mercantile Bank	227	100.00%	0.00%	0.00%
36	Equitas Small Finance Bank	191	98.95%	1.05%	0.00%
37	HSBC Bank	185	100.00%	0.00%	0.00%
38	DCB Bank Ltd	156	98.08%	0.00%	1.92%
39	City Union Bank	152	80.26%	0.00%	19.74%
40	Svc co-operative bank ltd	140	100.00%	0.00%	0.00%
41	The Ahmedabad Mercantile Co-op Bank Ltd	116	100.00%	0.00%	0.00%
42	TJSB Sahakari Bank Ltd	86	100.00%	0.00%	0.00%
43	Dhanlaxmi Bank Ltd	41	100.00%	0.00%	0.00%
44	Janata Sahakari Bank Ltd. Pune	41	100.00%	0.00%	0.00%
45	Catholic Syrian Bank	36	94.44%	0.00%	5.56%
46	GP Parsik Bank	28	100.00%	0.00%	0.00%
47	Surat People Cooperative Bank	18	100.00%	0.00%	0.00%

Note:

Mandate execution relate only to IPO applications for which the shares have been allotted.
Business Declines (BD) and Technical Declines (TD) are at the time of online transactions and such declines are manually processed within 24 hrs to 48 hrs.

Remarks

Mandate Execution means transaction where the customer has applied for an IPO and has been allotted shares for which the funds are debited from the applicant’s account.

IPO Banks Performance (Mar'22)

UPI IPO Remitter - Mandate Creation (Mar'22)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	119,685	85.30%	14.18%	0.52%
2	HDFC Bank Ltd	65,040	91.39%	6.92%	1.69%
3	ICICI Bank	46,294	94.08%	5.76%	0.16%
4	Bank of Baroda	37,494	87.31%	12.49%	0.20%
5	Axis Bank Ltd	27,882	91.85%	8.08%	0.07%
6	Punjab National Bank	22,003	89.74%	10.05%	0.21%
7	Kotak Mahindra Bank	18,561	77.93%	21.61%	0.46%
8	Bank of India	15,252	92.51%	7.37%	0.12%
9	Union Bank of India	14,852	90.75%	9.06%	0.19%
10	Canara Bank	10,451	85.45%	10.12%	4.43%
11	IDBI Bank Limited	8,099	90.18%	6.90%	2.92%
12	Central Bank Of India	7,309	89.81%	8.72%	1.47%
13	Indian Bank	4,420	88.42%	11.33%	0.25%
14	IndusInd Bank	4,189	91.24%	8.62%	0.14%
15	Yes Bank Ltd	3,662	86.24%	13.08%	0.68%
16	IDFC FIRST Bank	3,104	90.30%	7.70%	2.00%
17	UCO Bank	3,012	90.34%	9.33%	0.33%
18	Bank of Maharashtra	2,817	89.56%	9.27%	1.17%
19	Citibank	2,555	94.36%	5.64%	0.00%
20	Indian Overseas Bank	2,117	89.51%	10.44%	0.05%
21	The Mehsana Urban Co-Operative Bank Ltd.	1,683	93.88%	5.76%	0.36%
22	Federal Bank	1,659	81.74%	18.02%	0.24%
23	Rajkot Nagrik Sahakari Bank Ltd.	1,390	91.51%	8.42%	0.07%
24	Standard Chartered	1,381	93.19%	6.73%	0.08%
25	AU Small Finance bank	1,293	89.25%	10.67%	0.08%
26	Bandhan Bank	1,253	85.47%	10.77%	3.76%
27	Saraswat Bank	1,164	71.31%	6.87%	21.82%
28	Karnataka Bank	1,115	89.06%	10.31%	0.63%
29	South Indian Bank	891	87.99%	11.78%	0.23%
30	DBS Bank Ltd	836	91.87%	7.66%	0.47%
31	Karur Vysya Bank	775	84.77%	13.42%	1.81%
32	Punjab and Sind Bank	629	86.49%	10.81%	2.70%
33	RBL Bank	452	85.40%	13.94%	0.66%
34	Equitas Small Finance Bank	451	87.14%	11.75%	1.11%
35	Kalupur Commercial Cooperative Bank	425	92.94%	6.59%	0.47%
36	City Union Bank	387	83.46%	16.54%	0.00%
37	Tamilnad Mercantile Bank	382	90.58%	9.16%	0.26%
38	HSBC	347	91.93%	3.17%	4.90%
39	Jammu and Kashmir Bank	335	61.49%	25.67%	12.84%
40	Surat People Cooperative Bank	311	12.22%	85.53%	2.25%
41	TJSB Bank	303	44.22%	18.48%	37.30%
42	DCB Bank Ltd	295	86.10%	8.81%	5.09%
43	Svc co-operative bank ltd	228	91.67%	7.89%	0.44%
44	The Ahmedabad Mercantile Co-op Bank Ltd	206	92.72%	2.91%	4.37%
45	Janata Sahakari Bank Ltd. Pune	109	49.54%	16.51%	33.95%
46	Dhanlaxmi Bank Ltd	74	83.78%	16.22%	0.00%
47	Catholic Syrian Bank	57	87.72%	12.28%	0.00%
48	GP Parsik Bank	52	76.92%	19.23%	100.00%

Note:

Cases which are expired (after the specified time limit) have been excluded.

Remarks

Mandate Creation means a transaction where the customer has created a successful block of amount in the bank account for an IPO application.

UPI IPO Remitter - Mandate Execution (Mar'22)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	213	100.00%	0.00%	0.00%
2	HDFC Bank Ltd	170	100.00%	0.00%	0.00%
3	ICICI Bank	136	97.79%	2.21%	0.00%
4	Axis Bank Ltd	79	100.00%	0.00%	0.00%
5	Bank of Baroda	77	100.00%	0.00%	0.00%
6	Punjab National Bank	33	100.00%	0.00%	0.00%
7	Union Bank of India	32	100.00%	0.00%	0.00%
8	Kotak Mahindra Bank	32	100.00%	0.00%	0.00%
9	Bank of India	30	100.00%	0.00%	0.00%
10	IDBI Bank Limited	20	100.00%	0.00%	0.00%
11	Canara Bank	20	100.00%	0.00%	0.00%
12	IndusInd Bank	16	100.00%	0.00%	0.00%
13	IDFC FIRST Bank	11	90.91%	0.00%	9.09%
14	Yes Bank Ltd	10	100.00%	0.00%	0.00%
15	UCO Bank	8	100.00%	0.00%	0.00%
16	Central Bank Of India	8	100.00%	0.00%	0.00%
17	Federal Bank	7	100.00%	0.00%	0.00%
18	Citibank	7	100.00%	0.00%	0.00%
19	Bank of Maharashtra	7	100.00%	0.00%	0.00%
20	The Mehsana Urban Co-Operative Bank Ltd.	6	100.00%	0.00%	0.00%
21	Indian Bank	6	100.00%	0.00%	0.00%
22	City Union Bank	5	60.00%	0.00%	40.00%
23	AU Small Finance bank	5	100.00%	0.00%	0.00%
24	Standard Chartered	4	100.00%	0.00%	0.00%
25	Karur Vysya Bank	4	100.00%	0.00%	0.00%
26	Karnataka Bank	4	100.00%	0.00%	0.00%
27	Saraswat Bank	3	100.00%	0.00%	0.00%
28	Rajkot Nagrik Sahakari Bank Ltd.	3	100.00%	0.00%	0.00%
29	Indian Overseas Bank	3	100.00%	0.00%	0.00%
30	Equitas Small Finance Bank	3	100.00%	0.00%	0.00%
31	TJSB Bank	2	100.00%	0.00%	0.00%
32	Tamilnad Mercantile Bank	1	100.00%	0.00%	0.00%
33	RBL Bank	1	100.00%	0.00%	0.00%
34	Punjab and Sind Bank	1	100.00%	0.00%	0.00%
35	DCB Bank Ltd	1	100.00%	0.00%	0.00%
36	DBS Bank Ltd	1	100.00%	0.00%	0.00%

Note:

Mandate execution relate only to IPO applications for which the shares have been allotted.
Business Declines (BD) and Technical Declines (TD) are at the time of online transactions and such declines are manually processed within 24 hrs to 48 hrs.

Remarks

Mandate Execution means transaction where the customer has applied for an IPO and has been allotted shares for which the funds are debited from the applicant’s account.

IPO Banks Performance (Feb'22)

UPI IPO Remitter - Mandate Creation (Feb'22)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	26,760	82.74%	12.55%	4.71%
2	HDFC Bank Ltd	16,425	91.00%	7.63%	1.37%
3	ICICI Bank	10,815	93.18%	6.08%	0.74%
4	Bank of Baroda	8,327	86.25%	13.17%	0.58%
5	Axis Bank Ltd	6,363	90.71%	8.17%	1.12%
6	Punjab National Bank	4,279	84.76%	11.61%	3.63%
7	Kotak Mahindra Bank	4,242	87.20%	11.48%	1.32%
8	Bank of India	3,659	88.77%	10.25%	0.98%
9	Union Bank of India	2,864	87.57%	12.08%	0.35%
10	Canara Bank	2,085	89.74%	10.12%	0.14%
11	IDBI Bank Limited	1,751	90.23%	9.42%	0.35%
12	Central Bank Of India	1,606	85.99%	11.02%	2.99%
13	UCO Bank	995	87.14%	11.96%	0.90%
14	Yes Bank Ltd	991	83.15%	15.24%	1.61%
15	Indian Bank	961	80.75%	16.96%	2.29%
16	IndusInd Bank	956	92.05%	7.85%	0.10%
17	IDFC FIRST Bank	771	86.38%	7.65%	5.97%
18	Citibank	763	95.41%	4.19%	0.40%
19	Bank of Maharashtra	540	84.44%	12.41%	3.15%
20	Indian Overseas Bank	415	85.30%	14.70%	0.00%
21	Standard Chartered	398	92.71%	7.04%	0.25%
22	Federal Bank	398	82.16%	17.59%	0.25%
23	The Mehsana Urban Co-Operative Bank Ltd.	363	81.54%	14.33%	4.13%
24	Rajkot Nagrik Sahakari Bank Ltd.	331	93.66%	6.34%	0.00%
25	AU Small Finance bank	298	88.59%	8.05%	3.36%
26	Saraswat Bank	259	77.99%	5.02%	16.99%
27	DBS Bank Ltd	259	81.47%	10.81%	7.72%
28	Karnataka Bank	245	90.61%	9.39%	0.00%
29	Bandhan Bank	214	90.19%	8.41%	1.40%
30	Karur Vysya Bank	194	85.05%	13.92%	1.03%
31	RBL Bank	163	88.34%	11.66%	0.00%
32	South Indian Bank	151	88.74%	11.26%	0.00%
33	Tamilnad Mercantile Bank	116	88.79%	9.48%	1.73%
34	Equitas Small Finance Bank	112	85.71%	0.89%	13.40%
35	Punjab and Sind Bank	97	65.98%	22.68%	11.34%
36	HSBC	96	91.67%	3.13%	5.20%
37	Surat People Cooperative Bank	92	0.00%	98.91%	1.09%
38	City Union Bank	90	83.33%	16.67%	0.00%
39	Kalupur Commercial Cooperative Bank	89	87.64%	11.24%	1.12%
40	DCB Bank Ltd	67	80.60%	17.91%	1.49%
41	TJSB Bank	61	86.89%	8.20%	4.91%
42	The Ahmedabad Mercantile Co-op Bank Ltd	55	87.27%	5.45%	7.28%
43	Svc co-operative bank ltd	50	88.00%	12.00%	0.00%
44	Dhanlaxmi Bank Ltd	25	88.00%	12.00%	0.00%
45	Catholic Syrian Bank	23	91.30%	0.00%	8.70%
46	Janata Sahakari Bank Ltd. Pune	15	73.33%	26.67%	0.00%
47	GP Parsik Bank	13	84.62%	15.38%	0.00%

Note:

Cases which are expired (after the specified time limit) have been excluded.

Remarks

Mandate Creation means a transaction where the customer has created a successful block of amount in the bank account for an IPO application.

UPI IPO Remitter - Mandate Execution (Feb'22)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	96,252	100.00%	0.00%	0.00%
2	HDFC Bank Ltd	62,201	99.99%	0.00%	0.01%
3	ICICI Bank	43,116	99.62%	0.37%	0.01%
4	Bank of Baroda	35,170	100.00%	0.00%	0.00%
5	Axis Bank Ltd	26,027	99.99%	0.00%	0.01%
6	Punjab National Bank	16,180	99.51%	0.00%	0.49%
7	Kotak Mahindra Bank	14,938	99.97%	0.03%	0.00%
8	Bank of India	14,401	99.31%	0.00%	0.69%
9	Union Bank of India	10,597	99.85%	0.00%	0.15%
10	Canara Bank	8,487	100.00%	0.00%	0.00%
11	IDBI Bank Limited	7,207	99.21%	0.00%	0.79%
12	Central Bank Of India	6,344	99.45%	0.00%	0.55%
13	Indian Bank	3,588	94.73%	1.56%	3.71%
14	IndusInd Bank	3,435	100.00%	0.00%	0.00%
15	Citibank	2,890	99.86%	0.14%	0.00%
16	Yes Bank Ltd	2,795	100.00%	0.00%	0.00%
17	Bank of Maharashtra	2,716	99.93%	0.00%	0.07%
18	IDFC FIRST Bank	2,601	100.00%	0.00%	0.00%
19	The Mehsana Urban Co-Operative Bank Ltd.	1,816	100.00%	0.00%	0.00%
20	UCO Bank	1,623	98.34%	0.00%	1.66%
21	Indian Overseas Bank	1,544	100.00%	0.00%	0.00%
22	Standard Chartered	1,472	100.00%	0.00%	0.00%
23	Federal Bank	1,387	99.28%	0.00%	0.72%
24	Rajkot Nagrik Sahakari Bank Ltd.	1,124	100.00%	0.00%	0.00%
25	Karnataka Bank	1,118	99.28%	0.00%	0.72%
26	Saraswat Bank	1,091	99.36%	0.00%	0.64%
27	Bandhan Bank	892	99.89%	0.00%	0.11%
28	DBS BANK LTD	866	98.85%	0.00%	1.15%
29	AU Small Finance bank	821	100.00%	0.00%	0.00%
30	Karur Vysya Bank	730	97.12%	0.00%	2.88%
31	South Indian Bank	623	100.00%	0.00%	0.00%
32	Kalupur Commercial Cooperative Bank	596	100.00%	0.00%	0.00%
33	RBL Bank	483	100.00%	0.00%	0.00%
34	Tamilnad Mercantile Bank	401	99.75%	0.00%	0.25%
35	City Union Bank	392	78.57%	0.00%	21.43%
36	HSBC	357	100.00%	0.00%	0.00%
37	Punjab and Sind Bank	333	10.51%	0.00%	89.49%
38	Equitas Small Finance Bank	293	96.93%	3.07%	0.00%
39	Svc co-operative bank ltd	282	100.00%	0.00%	0.00%
40	The Ahmedabad Mercantile Co-op Bank Ltd	226	100.00%	0.00%	0.00%
41	DCB Bank Ltd	225	99.56%	0.00%	0.44%
42	TJSB Bank	212	100.00%	0.00%	0.00%
43	Janata Sahakari Bank Ltd. Pune	81	100.00%	0.00%	0.00%
44	Catholic Syrian Bank	69	100.00%	0.00%	0.00%
45	Dhanlaxmi Bank Ltd	60	100.00%	0.00%	0.00%
46	GP Parsik Bank	50	100.00%	0.00%	0.00%
47	Surat People Cooperative Bank	47	97.87%	0.00%	2.13%

Note:

Mandate execution relate only to IPO applications for which the shares have been allotted.
Business Declines (BD) and Technical Declines (TD) are at the time of online transactions and such declines are manually processed within 24 hrs to 48 hrs.

Remarks

Mandate Execution means transaction where the customer has applied for an IPO and has been allotted shares for which the funds are debited from the applicant’s account.

IPO Banks Performance (Jan'22)

UPI IPO Remitter - Mandate Creation (Jan'22)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	313,995	85.05%	12.51%	2.44%
2	HDFC Bank Ltd	182,280	92.59%	7.23%	0.18%
3	ICICI Bank	128,148	94.10%	5.69%	0.21%
4	Bank of Baroda	111,631	85.41%	14.22%	0.37%
5	Axis Bank Ltd	77,994	91.73%	7.81%	0.46%
6	Punjab National Bank	51,104	89.07%	8.63%	2.30%
7	Kotak Mahindra Bank	47,841	92.90%	7.03%	0.07%
8	Bank of India	43,550	90.48%	7.85%	1.67%
9	Union Bank of India	33,102	90.09%	9.58%	0.33%
10	Canara Bank	26,908	89.64%	8.70%	1.66%
11	Central Bank Of India	21,543	82.48%	8.79%	8.73%
12	IDBI Bank Limited	21,424	92.85%	7.01%	0.14%
13	UCO Bank	14,521	28.30%	6.69%	65.01%
14	Indian Bank	11,088	93.03%	6.01%	0.96%
15	IndusInd Bank	10,395	90.67%	8.23%	1.10%
16	Yes Bank Ltd	9,189	82.42%	14.68%	2.90%
17	IDFC First Bank	8,775	86.01%	7.93%	6.06%
18	Bank of Maharashtra	8,520	90.68%	9.11%	0.21%
19	Citibank	8,142	94.18%	5.75%	0.07%
20	The Mehsana Urban Co-Operative Bank Ltd.	5,630	94.35%	5.15%	0.50%
21	Indian Overseas Bank	5,130	88.36%	11.56%	0.08%
22	Federal Bank	4,699	85.68%	14.17%	0.15%
23	Standard Chartered	4,476	93.21%	6.66%	0.13%
24	Saraswat Bank	4,079	79.21%	4.31%	16.48%
25	Karnataka Bank	3,377	90.14%	9.15%	0.71%
26	Rajkot Nagrik Sahakari Bank Ltd.	3,183	94.16%	5.84%	0.00%
27	Bandhan Bank	2,841	90.36%	8.10%	1.54%
28	AU Small Finance Bank	2,543	89.15%	4.64%	6.21%
29	Karur Vysya Bank	2,408	83.01%	14.99%	2.00%
30	DBS Bank Ltd	2,295	93.94%	5.88%	0.18%
31	South Indian Bank	2,060	91.80%	8.20%	0.00%
32	Kalupur Commercial Cooperative Bank	1,831	93.06%	6.77%	0.17%
33	RBL Bank	1,415	86.64%	13.36%	0.00%
34	Surat People Cooperative Bank	1,271	14.32%	84.11%	1.57%
35	Tamilnad Mercantile Bank	1,261	89.85%	9.83%	0.32%
36	Punjab and Sind Bank	1,229	89.02%	10.98%	0.00%
37	City Union Bank	1,200	90.17%	8.75%	1.08%
38	HSBC	1,112	91.46%	3.60%	4.94%
39	Equitas Small Finance Bank	1,012	85.97%	1.48%	12.55%
40	DCB Bank Ltd	797	80.18%	14.30%	5.52%
41	SVC Co-operative Bank Ltd	778	89.59%	8.74%	1.67%
42	TJSB	727	89.13%	10.73%	0.14%
43	The Ahmedabad Mercantile Co-op Bank Ltd	662	92.90%	3.78%	3.32%
44	Janata Sahakari Bank Ltd	281	86.83%	10.68%	2.49%
45	Dhanlaxmi Bank Ltd	218	85.32%	14.22%	0.46%
46	Catholic Syrian Bank	201	90.05%	4.48%	5.47%
47	GP Parsik Bank	158	88.61%	11.39%	0.00%

Note:

Cases which are expired (after the specified time limit) have been excluded.

Remarks

Mandate Creation means a transaction where the customer has created a successful block of amount in the bank account for an IPO application.

UPI IPO Remitter - Mandate Execution (Jan'22)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	22,340	99.99%	0.01%	0.00%
2	HDFC Bank Ltd	13,258	100.00%	0.00%	0.00%
3	ICICI Bank	10,181	99.51%	0.49%	0.00%
4	Bank of Baroda	7,269	100.00%	0.00%	0.00%
5	Axis Bank Ltd	7,204	100.00%	0.00%	0.00%
6	Punjab National Bank	3,758	99.97%	0.00%	0.03%
7	Kotak Mahindra Bank	3,498	99.86%	0.14%	0.00%
8	Bank of India	3,143	100.00%	0.00%	0.00%
9	Canara Bank	2,094	100.00%	0.00%	0.00%
10	Union Bank of India	2,013	100.00%	0.00%	0.00%
11	IDBI Bank Limited	1,597	100.00%	0.00%	0.00%
12	Central Bank Of India	1,526	89.65%	0.00%	10.35%
13	Indian Bank	892	100.00%	0.00%	0.00%
14	IndusInd Bank	880	100.00%	0.00%	0.00%
15	Yes Bank Ltd	684	100.00%	0.00%	0.00%
16	IDFC First Bank	636	100.00%	0.00%	0.00%
17	Citibank	618	99.35%	0.65%	0.00%
18	Bank of Maharashtra	605	99.67%	0.33%	0.00%
19	UCO Bank	595	100.00%	0.00%	0.00%
20	Indian Overseas Bank	513	100.00%	0.00%	0.00%
21	The Mehsana Urban Co-Operative Bank Ltd.	422	100.00%	0.00%	0.00%
22	Standard Chartered	360	100.00%	0.00%	0.00%
23	Federal Bank	359	100.00%	0.00%	0.00%
24	Karnataka Bank	292	98.63%	0.00%	1.37%
25	Saraswat Bank	275	100.00%	0.00%	0.00%
26	DBS Bank Ltd	236	100.00%	0.00%	0.00%
27	South Indian Bank	211	100.00%	0.00%	0.00%
28	Bandhan Bank	203	97.04%	0.00%	2.96%
29	Karur Vysya Bank	199	100.00%	0.00%	0.00%
30	AU Small Finance Bank	167	100.00%	0.00%	0.00%
31	Rajkot Nagrik Sahakari Bank Ltd.	159	100.00%	0.00%	0.00%
32	Kalupur Commercial Cooperative Bank	116	82.76%	17.24%	0.00%
33	Tamilnad Mercantile Bank	107	100.00%	0.00%	0.00%
34	RBL Bank	107	100.00%	0.00%	0.00%
35	Punjab and Sind Bank	98	100.00%	0.00%	0.00%
36	City Union Bank	95	100.00%	0.00%	0.00%
37	Equitas Small Finance Bank	84	95.24%	4.76%	0.00%
38	HSBC	84	100.00%	0.00%	0.00%
39	SVC Co-operative Bank Ltd	78	100.00%	0.00%	0.00%
40	TJSB	52	100.00%	0.00%	0.00%
41	DCB Bank Ltd	51	100.00%	0.00%	0.00%
42	The Ahmedabad Mercantile Co-op Bank Ltd.	43	100.00%	0.00%	0.00%
43	Surat People Cooperative Bank	38	100.00%	0.00%	0.00%
44	Dhanlaxmi Bank Ltd	16	100.00%	0.00%	0.00%
45	Catholic Syrian Bank	14	100.00%	0.00%	0.00%
46	Janata Sahakari Bank Ltd. Pune	12	100.00%	0.00%	0.00%
47	GP Parsik Bank	12	100.00%	0.00%	0.00%

Note:

Mandate execution relate only to IPO applications for which the shares have been allotted.
Business Declines (BD) and Technical Declines (TD) are at the time of online transactions and such declines are manually processed within 24 hrs to 48 hrs.

Remarks

Mandate Execution means transaction where the customer has applied for an IPO and has been allotted shares for which the funds are debited from the applicant’s account.

Product Statistics

IPO

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IPO Banks Performance (Aug'25)

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IPO Banks Performance (Jul'25)

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IPO Banks Performance (Jun'25)

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IPO Banks Performance (May'25)

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IPO Banks Performance (Apr'25)

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IPO Banks Performance (Mar'25)

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IPO Banks Performance (Feb'25)

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IPO Banks Performance (Jan'25)

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IPO Banks Performance (Dec'24)

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IPO Banks Performance (Nov'24)

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IPO Banks Performance (Oct'24)

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IPO Banks Performance (Sept'24)

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IPO Banks Performance (August'24)

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IPO Banks Performance (July'24)

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IPO Banks Performance (June'24)

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IPO Banks Performance (May'24)

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IPO Banks Performance (Apr'24)

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IPO Banks Performance (Mar'24)

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IPO Banks Performance (Feb'24)

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IPO Banks Performance (Jan'24)

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IPO Banks Performance (Dec'23)

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IPO Banks Performance (Nov'23)

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IPO Banks Performance (Oct'23)

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IPO Banks Performance (Sep'23)

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IPO Banks Performance (Aug'23)

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IPO Banks Performance (Jul'23)

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