Punjab National Bank (PNB) hasn't given much information on its digital performance in its financial results for the quarter ending 31st March 2018, but here's what we have: UPI - BHIM users: PNB reported around 950,000 users on UPI via the NPCI owned BHIM application, up from around 780,000 at the end of December 2017, up around 21.79% - PNB UPI: The bank reported 850,000 UPI users via the PNB application, up 21.42% from 700,000 users at the end of December 2017. Note that PNB has embedded UPI services within the PNB mBanking application for mobile banking users, which should have led to an increase in usage. In comparison, the State Bank of India has reported 1.84 million active UPI users. eKYC PNB opened 7.463 million bank accounts using Aadhaar based eKYC during the quarter, up 39.4% as compared to March 2017. Direct Benefits Transfer PNB processed some 197.41 million transactions of Adhaar linked direct benefit payments transfers through the NPCI, up 67% year on year from 117.73 million transfers. The amount transferred is not very clear: it's possible that PNB missed adding a unit to this chart below. Internet Banking & Mobile Banking Internet banking users for PNB crossed 13 million during the quarter, an increase from 12 million the previous quarter, up 8.33%. PNB hasn't disclosed the number of Internet Banking transactions in its financial results. We do have some data from MediaNama's "Digital Payments in India" report, which has data for PNB till October 2017: Rupay Cards…
- “Foreign state actor” may be responsible for the ransomware attack on AIIMS-Delhi: Report December 3, 2022
- Agenda: Reworking The Data Protection Bill, Delhi, 8th Dec #Ad December 3, 2022
- Why has the deadline to comply with UPI market share cap been extended by the NPCI? December 3, 2022
- India’s IT Minister on DPDP Bill: Law should be kept ‘simple’, subordinate rules won’t exceed Act December 3, 2022
- MIB approves ninth self regulatory body, PADMA, under the IT Rules, 2021 December 3, 2022
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
The Structure and Style of a Dogma Community: Conspiracy theories and organized Twitter engagement on Sushant Singh Rajput
Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement
Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?
A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'
India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...
Why ‘group privacy’ should be recognised, and how ‘non-personal’ data becomes a regulatory blindspot
There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...