- Wealth PMS
Today’s Chart includes the volumes in NEFT (National Electronic Fund Transfer) – Credits and Debits.
Turns out that the highest outward debitter isn’t the mammoth SBI, but HDFC Bank. That could be because it’s the bank of choice of brokers and exchanges. Citi was another surprise there.
On the Credit side, SBI takes the top spot, with HDFC second and ICICI a distant third.
The top 10 entries are more than 60% of total volumes. The rest of the public sector bank pack only appear beyond the #10 zone, which is perhaps reflective of the kind of customers they have (rural customers and non corporates generally don’t use NEFT that much).
Sorry for the lack of posting. I had a computer problem that took time solving.