For State Bank Of India, the number of transactions using internet banking have gone up by 180.04% while the amount has shot up by 105.50% in a time frame of January 2010 to August 2011.However, from January 2011 to August 2011, the number of internet banking transactions have increased by 43.42% and the amount transacted witnessed a 24.31% increase. The average amount per transaction stood at Rs 703.21.
Some Observations:
– As on August 2011, the total number of internet banking transactions stood at 200.07 lacs while the amount transacted was at Rs 115135.71 crore.
– March 2011 saw Rs 163260.08 croe being transacted – the maximum while April 2010 saw Rs 47916.77 crore being transacted – the lowest in the given time period.
– From January 2011 – August 2011, the average amount per transaction stood at Rs 663.53.
Data Source: State Bank Of India, via RTI
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