NACH bounce rates fall to lowest in Q3 since start of Covid 19

ICICI Bank recorded the lowest bounce rates by volume while Kotak Mahindra Bank and IndusInd Bank posted higher bounce rates among peer private banks owing to large exposure to vehicle and self-employed loans. Other lenders like HDFC Bank, State Bank of India and Axis Bank recorded an improvement in bounce rates and were close to ICICI Bank's levels.

from Banking/Finance-Industry-Economic Times https://ift.tt/HgG2JLD