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Npci data on highest UPI failure bank.RBI data on UPI payment | which banks has highest upi failure rate .
Reserve Bank of India (RBI) governor Shaktikanta Das, in a post-monetary policy committee press meet, said whenever any outage in UPI services happens, the problem does not arise from NPCI or UPI’s end, but from the bank’s end. He also mentioned that the banking regulator is working with banks on this issue.
Higher UPI transactions failure in mid-sized banks.
According to the data, on the remitter banks’ side, Baroda UP Gramin Bank had the highest technical default (TD) rate at 16% on an average between May 2023 and April 2024, followed by RBL Bank, Andhra Pragathi Grameena Bank and IPPB at 5.3%, 4.9% and 4.47%, respectively.
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