NETC Ecosystem Statistics

NETC FASTag - Issuer Banks (Apr'25)
Sr. No	Issuer Bank	Total Volume (in Mn)	Approved %	Deemed Approved %
1	IDFC First Bank	124.08	100%	0%
2	ICICI Bank	91.23	100%	0%
3	State Bank of India	34.46	92%	8%
4	HDFC Bank	32.74	98%	2%
5	Airtel Payments Bank	21.20	97%	3%
6	Axis Bank Limited	20.60	99%	1%
7	Kotak Mahindra Bank	14.26	100%	0%
8	IndusInd Bank	10.41	100%	0%
9	IDBI Bank	7.14	99%	1%
10	Bajaj Finance Ltd	6.99	100%	0%
11	Livquik Technology Pvt Ltd	6.17	100%	0%
12	Bank Of Baroda	4.15	99%	1%
13	EQUITAS SMALL FINANCE BANK	3.37	98%	2%
14	Karur Vysya Bank	2.34	89%	11%
15	Federal Bank	0.87	93%	7%
16	Union Bank of India	0.75	97%	3%
17	Yes Bank	0.14	100%	0%
18	Indian Bank	0.26	96%	4%
19	AU Small Finance Bank	0.21	97%	3%
20	South Indian Bank	0.25	100%	0%
21	City Union Bank Limited	0.20	99%	1%
22	PAYTM Paytments Bank	0.13	100%	0%
23	Canara Bank	0.17	100%	0%
24	Punjab National Bank	0.12	95%	5%
25	Central Bank of India	0.07	0%	100%
26	Karnataka Bank	0.08	94%	6%
27	Saraswat Bank	0.05	97%	3%
28	Bank of Maharashtra	0.05	100%	0%
29	Indian Overseas Bank	0.05	100%	0%
30	Nagpur Nagarik Sahakari Bank Ltd	0.02	99%	1%
31	Jammu and Kashmir Bank	0.02	83%	17%
32	UCO Bank	0.01	80%	20%
33	Cosmos Bank	0.01	98%	2%
34	Dombivli Nagari Sahakari Bank	0.00	78%	22%
35	Fino Payment Bank	0.00	92%	8%
36	Bandhan Bank	0.00	0%	0%
37	Punjab Maharashtra Bank	0.00	0%	0%
38	Syndicate Bank	0.00	0%	0%

NETC FASTag - Acquirer Banks (Apr'25)
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	DECLINED
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	BD %	TD %
1	AU Small Finance Bank Limited	2.47	98.88%	1.06%	0.07%
2	Airtel Payments Bank	24.11	99.22%	0.78%	0.00%
3	IDFC Bank	103.07	99.84%	0.16%	0.00%
4	ICICI Bank	140.24	99.70%	0.25%	0.06%
5	Yes Bank	25.80	98.37%	1.62%	0.01%
6	State Bank of India	20.19	97.96%	1.50%	0.55%
7	IDBI Bank	18.76	99.32%	0.67%	0.00%
8	Equitas Small Finance Bank	2.51	99.61%	0.39%	0.00%
9	Kotak Mahindra Bank	39.88	99.51%	0.48%	0.01%
10	Axis Bank	7.52	99.97%	0.02%	0.01%

Glossary

Issuer Bank - The Issuer Bank is a member of NPCI which issues the ETC Tag to vehicle owner for the payment through ETC Tag.
Acquirer Bank - The Acquirer Bank is a member of NPCI who acquires the Toll Plaza to facilitate the acceptance of ETC transaction for the payment through ETC Payment System.
Deemed Approved - Deemed Approved percentage indicates the total percentage of deemed approved cases of the total transactions. When there is no response/ late response from issuer bank, then these transactions are considered as deemed approved.
Business Decline (BD) - Transaction decline due to business rules such as duplicate transactions or Tag ID not associated with issuer Bank etc.
Technical Decline (TD) - Transaction decline due to any technical reason such as bank ID is empty or not in correct format or exception code not in Database or not in correct format etc.

NETC FASTag - Issuer Banks (Mar'25)
Sr. No	Issuer Bank	Total Volume (in Mn)	Approved %	Deemed Approved %
1	IDFC First Bank	122.59	100%	0%
2	ICICI Bank	91.59	99%	1%
3	State Bank of India	32.92	91%	9%
4	HDFC Bank	32.99	98%	2%
5	Airtel Payments Bank	20.59	95%	5%
6	Axis Bank Limited	21.79	100%	0%
7	Kotak Mahindra Bank	14.37	100%	0%
8	IndusInd Bank	10.10	100%	0%
9	IDBI Bank	6.70	99%	1%
10	Bajaj Finance Ltd	6.19	100%	0%
11	Livquik Technology Pvt Ltd	6.12	100%	0%
12	Bank Of Baroda	3.98	100%	0%
13	EQUITAS SMALL FINANCE BANK	3.36	99%	1%
14	Karur Vysya Bank	2.41	91%	9%
15	Federal Bank	0.80	78%	22%
16	Union Bank of India	0.75	96%	4%
17	Yes Bank	0.17	99%	1%
18	Indian Bank	0.26	95%	5%
19	AU Small Finance Bank	0.20	96%	4%
20	South Indian Bank	0.23	100%	0%
21	City Union Bank Limited	0.22	97%	3%
22	PAYTM Paytments Bank	0.15	100%	0%
23	Canara Bank	0.16	99%	1%
24	Punjab National Bank	0.12	95%	5%
25	Central Bank of India	0.07	0%	100%
26	Karnataka Bank	0.07	93%	7%
27	Saraswat Bank	0.06	97%	3%
28	Bank of Maharashtra	0.05	100%	0%
29	Indian Overseas Bank	0.05	100%	0%
30	Nagpur Nagarik Sahakari Bank Ltd	0.02	100%	0%
31	Jammu and Kashmir Bank	0.02	83%	17%
32	UCO Bank	0.01	79%	21%
33	Cosmos Bank	0.01	98%	2%
34	Dombivli Nagari Sahakari Bank	0.00	78%	22%
35	Fino Payment Bank	0.00	96%	4%
36	Bandhan Bank	0.00	0%	0%
37	Punjab Maharashtra Bank	0.00	0%	0%
38	Syndicate Bank	0.00	0%	0%

NETC FASTag - Acquirer Banks (Mar'25)
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	DECLINED
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	BD %	TD %
1	ICICI Bank	140.16	99.53%	0.33%	0.14%
2	IDFC Bank	102.38	99.87%	0.13%	0.00%
3	Kotak Mahindra Bank	39.20	99.68%	0.32%	0.00%
4	Yes Bank	25.93	97.89%	2.09%	0.01%
5	Airtel Payments Bank	23.86	97.96%	2.03%	0.00%
6	State Bank of India	19.66	97.31%	1.81%	0.88%
7	IDBI Bank	17.04	98.48%	1.50%	0.02%
8	Axis Bank	8.86	99.97%	0.02%	0.01%
9	Equitas Small Finance Bank	2.46	98.68%	1.20%	0.12%
10	AU Small Finance Bank Limited	2.34	99.55%	0.45%	0.00%
11	HDFC Bank	0.01	100.00%	0.00%	0.00%

Glossary

Issuer Bank - The Issuer Bank is a member of NPCI which issues the ETC Tag to vehicle owner for the payment through ETC Tag.
Acquirer Bank - The Acquirer Bank is a member of NPCI who acquires the Toll Plaza to facilitate the acceptance of ETC transaction for the payment through ETC Payment System.
Deemed Approved - Deemed Approved percentage indicates the total percentage of deemed approved cases of the total transactions. When there is no response/ late response from issuer bank, then these transactions are considered as deemed approved.
Business Decline (BD) - Transaction decline due to business rules such as duplicate transactions or Tag ID not associated with issuer Bank etc.
Technical Decline (TD) - Transaction decline due to any technical reason such as bank ID is empty or not in correct format or exception code not in Database or not in correct format etc.

NETC FASTag - Issuer Banks (Feb'25)
Sr. No	Issuer Bank	Total Volume (in Mn)	Approved %	Deemed Approved %
1	IDFC First Bank	121.38	100%	0%
2	ICICI Bank	92.16	100%	0%
3	State Bank of India	35.25	90%	10%
4	HDFC Bank	34.23	98%	2%
5	Airtel Payments Bank	21.66	95%	5%
6	Axis Bank Limited	20.49	100%	0%
7	Kotak Mahindra Bank	15.14	100%	0%
8	IndusInd Bank	10.91	100%	0%
9	IDBI Bank	7.23	98%	2%
10	Bajaj Finance Ltd	6.63	98%	2%
11	Livquik Technology Pvt Ltd	5.53	100%	0%
12	Bank Of Baroda	4.37	99%	1%
13	EQUITAS SMALL FINANCE BANK	3.11	97%	3%
14	Karur Vysya Bank	2.28	97%	3%
15	Federal Bank	0.80	95%	5%
16	Union Bank of India	0.71	97%	3%
17	Yes Bank	0.25	100%	0%
18	Indian Bank	0.24	95%	5%
19	AU Small Finance Bank	0.24	97%	3%
20	South Indian Bank	0.23	100%	0%
21	City Union Bank Limited	0.20	96%	4%
22	PAYTM Paytments Bank	0.20	92%	8%
23	Canara Bank	0.17	100%	0%
24	Punjab National Bank	0.13	95%	5%
25	Central Bank of India	0.08	0%	100%
26	Karnataka Bank	0.07	93%	7%
27	Saraswat Bank	0.06	97%	3%
28	Bank of Maharashtra	0.05	100%	0%
29	Indian Overseas Bank	0.04	99%	1%
30	Nagpur Nagarik Sahakari Bank Ltd	0.02	100%	0%
31	Jammu and Kashmir Bank	0.02	83%	17%
32	UCO Bank	0.01	81%	19%
33	Cosmos Bank	0.01	98%	2%
34	Dombivli Nagari Sahakari Bank	0.00	84%	16%
35	Fino Payment Bank	0.00	90%	10%
36	Bandhan Bank	0.00	0%	0%
37	Punjab Maharashtra Bank	0.00	0%	0%
38	Syndicate Bank	0.00	0%	0%

NETC FASTag - Acquirer Banks (Feb'25)
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	DECLINED
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	BD %	TD %
1	AU Small Finance Bank Limited	2.30	98.88%	1.12%	0.00%
2	Airtel Payments Bank	23.14	98.21%	1.78%	0.00%
3	IDFC Bank	109.03	99.82%	0.18%	0.00%
4	ICICI Bank	141.70	99.66%	0.28%	0.06%
5	Yes Bank	24.01	96.64%	3.34%	0.02%
6	State Bank of India	16.97	99.58%	0.36%	0.05%
7	IDBI Bank	11.82	97.93%	1.82%	0.25%
8	IDBI ACQUIRER	6.56	98.80%	0.89%	0.31%
9	Equitas Small Finance Bank	2.51	98.44%	1.56%	0.00%
10	Kotak Mahindra Bank	38.29	99.80%	0.20%	0.00%
11	Axis Bank	9.93	99.96%	0.04%	0.01%
12	HDFC Bank	0.06	100.00%	0.00%	0.00%

Glossary

Issuer Bank - The Issuer Bank is a member of NPCI which issues the ETC Tag to vehicle owner for the payment through ETC Tag.
Acquirer Bank - The Acquirer Bank is a member of NPCI who acquires the Toll Plaza to facilitate the acceptance of ETC transaction for the payment through ETC Payment System.
Deemed Approved - Deemed Approved percentage indicates the total percentage of deemed approved cases of the total transactions. When there is no response/ late response from issuer bank, then these transactions are considered as deemed approved.
Business Decline (BD) - Transaction decline due to business rules such as duplicate transactions or Tag ID not associated with issuer Bank etc.
Technical Decline (TD) - Transaction decline due to any technical reason such as bank ID is empty or not in correct format or exception code not in Database or not in correct format etc.

NETC FASTag - Issuer Banks (Jan'25)
Sr. No	Issuer Bank	Total Volume (in Mn)	Approved %	Deemed Approved %
1	IDFC First Bank	120.07	100%	0%
2	ICICI Bank	93.46	100%	0%
3	HDFC Bank	34.46	99%	1%
4	State Bank of India	32.63	94%	6%
5	Axis Bank Limited	21.25	100%	0%
6	Airtel Payments Bank	21.20	95%	5%
7	Kotak Mahindra Bank	15.36	99%	1%
8	IndusInd Bank	10.39	100%	0%
9	IDBI Bank	6.70	99%	1%
10	Livquik Technology Pvt Ltd	5.34	100%	0%
11	Bajaj Finance Ltd	5.31	98%	2%
12	Bank Of Baroda	4.26	99%	1%
13	EQUITAS SMALL FINANCE BANK	3.43	95%	5%
14	Karur Vysya Bank	2.47	99%	1%
15	Federal Bank	0.88	89%	11%
16	Union Bank of India	0.79	97%	3%
17	Yes Bank	0.45	100%	0%
18	South Indian Bank	0.26	99%	1%
19	Indian Bank	0.25	98%	2%
20	PAYTM Paytments Bank	0.25	100%	0%
21	AU Small Finance Bank	0.22	99%	1%
22	City Union Bank Limited	0.22	99%	0%
23	Canara Bank	0.18	98%	2%
24	Punjab National Bank	0.12	98%	2%
25	Central Bank of India	0.08	0%	100%
26	Karnataka Bank	0.07	99%	1%
27	Saraswat Bank	0.07	97%	3%
28	Bank of Maharashtra	0.05	89%	11%
29	Indian Overseas Bank	0.05	99%	1%
30	Nagpur Nagarik Sahakari Bank Ltd	0.02	100%	0%
31	Jammu and Kashmir Bank	0.01	99%	1%
32	UCO Bank	0.01	98%	2%
33	Cosmos Bank	0.01	99%	1%
34	Dombivli Nagari Sahakari Bank	0.00	76%	24%
35	Fino Payment Bank	0.00	90%	10%
36	Bandhan Bank	0.00	0%	0%
37	Punjab Maharashtra Bank	0.00	0%	0%
38	Syndicate Bank	0.00	0%	0%

NETC FASTag - Acquirer Banks (Jan'25)
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	DECLINED
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	BD %	TD %
1	ICICI Bank	143.67	99.45%	0.52%	0.04%
2	IDFC Bank	125.78	99.01%	0.99%	0.00%
3	Kotak Mahindra Bank	33.90	99.70%	0.13%	0.18%
4	Airtel Payments Bank	20.98	95.94%	3.70%	0.36%
5	Yes Bank	18.72	99.07%	0.93%	0.01%
6	IDBI Bank	16.07	98.30%	0.75%	0.96%
7	Axis Bank	10.55	99.94%	0.01%	0.05%
8	State Bank of India	10.04	83.93%	10.08%	5.99%
9	Equitas Small Finance Bank	3.24	99.89%	0.11%	0.00%
10	AU Small Finance Bank Limited	2.26	99.27%	0.70%	0.03%
11	HDFC Bank	0.13	99.99%	0.01%	0.00%
12	KVB Bank	0.06	98.04%	0.38%	1.59%

Glossary

Issuer Bank - The Issuer Bank is a member of NPCI which issues the ETC Tag to vehicle owner for the payment through ETC Tag.
Acquirer Bank - The Acquirer Bank is a member of NPCI who acquires the Toll Plaza to facilitate the acceptance of ETC transaction for the payment through ETC Payment System.
Deemed Approved - Deemed Approved percentage indicates the total percentage of deemed approved cases of the total transactions. When there is no response/ late response from issuer bank, then these transactions are considered as deemed approved.
Business Decline (BD) - Transaction decline due to business rules such as duplicate transactions or Tag ID not associated with issuer Bank etc.
Technical Decline (TD) - Transaction decline due to any technical reason such as bank ID is empty or not in correct format or exception code not in Database or not in correct format etc.

NETC FASTag - Issuer Banks (Dec'24)
Sr. No	Issuer Member Bank	Total Volume (in Mn)	Approved %	Deemed Approved %
1	IDFC First Bank	118.85	100%	0%
2	ICICI Bank	95.59	100%	0%
3	HDFC Bank	35.42	99%	1%
4	State Bank of India	32.01	95%	5%
5	Axis Bank Limited	21.90	100%	0%
6	Airtel Payments Bank	21.19	97%	3%
7	Kotak Mahindra Bank	15.86	100%	0%
8	IndusInd Bank	10.28	100%	0%
9	IDBI Bank	6.76	99%	1%
10	Livquik Technology Pvt Ltd	4.84	99%	1%
11	Bajaj Finance Ltd	4.56	99%	1%
12	Bank Of Baroda	4.38	100%	0%
13	EQUITAS SMALL FINANCE BANK	3.36	100%	0%
14	Karur Vysya Bank	2.53	94%	6%
15	Federal Bank	0.93	73%	27%
16	Yes Bank	0.80	100%	0%
17	Union Bank of India	0.76	98%	2%
18	PAYTM Paytments Bank	0.31	100%	0%
19	South Indian Bank	0.27	98%	2%
20	Indian Bank	0.26	98%	2%
21	AU Small Finance Bank	0.22	98%	2%
22	City Union Bank Limited	0.21	98%	2%
23	Canara Bank	0.19	100%	0%
24	Punjab National Bank	0.13	98%	2%
25	Central Bank of India	0.08	0%	100%
26	Karnataka Bank	0.08	98%	2%
27	Saraswat Bank	0.07	97%	3%
28	Bank of Maharashtra	0.06	98%	2%
29	Indian Overseas Bank	0.04	98%	2%
30	Nagpur Nagarik Sahakari Bank Ltd	0.02	93%	7%
31	Jammu and Kashmir Bank	0.01	97%	3%
32	UCO Bank	0.01	98%	2%
33	Cosmos Bank	0.01	98%	2%
34	Dombivli Nagari Sahakari Bank	0.00	66%	34%
35	Fino Payment Bank	0.00	91%	9%
36	Bandhan Bank	0.00	0%	0%
37	Punjab Maharashtra Bank	0.00	0%	0%
38	Syndicate Bank	0.00	0%	0%

NETC FASTag - Acquirer Banks (Dec'24)
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	DECLINED
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	BD %	TD %
1	AU Small Finance Bank Limited	2.03	98.82%	1.11%	0.07%
2	KVB Bank	0.11	97.42%	0.57%	2.00%
3	Airtel Payments Bank	10.38	99.11%	0.87%	0.01%
4	IDFC Bank	170.51	99.80%	0.20%	0.00%
5	ICICI Bank	137.40	99.69%	0.28%	0.03%
6	Yes Bank	13.17	98.77%	1.23%	0.01%
7	State Bank of India	2.05	84.22%	12.28%	3.50%
8	IDBI Bank	9.78	98.81%	1.17%	0.02%
9	Equitas Small Finance Bank	7.90	98.21%	1.79%	0.01%
10	Kotak Mahindra Bank	14.31	98.56%	1.44%	0.00%
11	Axis Bank	15.39	96.96%	2.89%	0.15%
12	HDFC Bank	1.26	99.78%	0.22%	0.00%

Glossary

Issuer Bank - The Issuer Bank is a member of NPCI which issues the ETC Tag to vehicle owner for the payment through ETC Tag.
Acquirer Bank - The Acquirer Bank is a member of NPCI who acquires the Toll Plaza to facilitate the acceptance of ETC transaction for the payment through ETC Payment System.
Deemed Approved - Deemed Approved percentage indicates the total percentage of deemed approved cases of the total transactions. When there is no response/ late response from issuer bank, then these transactions are considered as deemed approved.
Business Decline (BD) - Transaction decline due to business rules such as duplicate transactions or Tag ID not associated with issuer Bank etc.
Technical Decline (TD) - Transaction decline due to any technical reason such as bank ID is empty or not in correct format or exception code not in Database or not in correct format etc.

NETC FASTag - Issuer Banks (Nov'24)
Sr. No	Issuer Member Bank	Total Volume (in Mn)	Approved %	Deemed Approved %
1	IDFC First Bank	109.90	100%	0%
2	ICICI Bank	89.90	100%	0%
3	HDFC Bank	34.38	97%	3%
4	State Bank of India	30.25	97%	3%
5	Axis Bank Limited	20.72	99%	1%
6	Airtel Payments Bank	20.20	96%	4%
7	Kotak Mahindra Bank	15.33	99%	1%
8	IndusInd Bank	9.75	100%	0%
9	IDBI Bank	6.33	99%	1%
10	Bank Of Baroda	4.22	100%	0%
11	Livquik Technology Pvt Ltd	4.22	100%	0%
12	EQUITAS SMALL FINANCE BANK	3.07	98%	2%
13	Karur Vysya Bank	2.42	94%	6%
14	Bajaj Finance Ltd	3.73	99%	1%
15	Yes Bank	0.89	99%	1%
16	Federal Bank	0.84	92%	8%
17	Union Bank of India	0.73	98%	2%
18	PAYTM Paytments Bank	0.39	100%	0%
19	Indian Bank	0.23	98%	2%
20	South Indian Bank	0.24	100%	0%
21	City Union Bank Limited	0.20	99%	1%
22	AU Small Finance Bank	0.22	99%	1%
23	Canara Bank	0.18	100%	0%
24	Punjab National Bank	0.13	99%	1%
25	Central Bank of India	0.08	0%	100%
26	Saraswat Bank	0.07	97%	3%
27	Karnataka Bank	0.07	99%	1%
28	Bank of Maharashtra	0.06	99%	1%
29	Indian Overseas Bank	0.04	98%	2%
30	Nagpur Nagarik Sahakari Bank Ltd	0.02	97%	3%
31	UCO Bank	0.01	99%	1%
32	Jammu and Kashmir Bank	0.01	99%	1%
33	Cosmos Bank	0.01	98%	2%
34	Fino Payment Bank	0.00	97%	3%
35	Dombivli Nagari Sahakari Bank	0.00	75%	25%
36	Bandhan Bank	0.00	0%	0%
37	Punjab Maharashtra Bank	0.00	0%	0%
38	Syndicate Bank	0.00	0%	0%

NETC FASTag - Acquirer Banks (Nov'24)
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	DECLINED
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	BD %	TD %
1	IDFC Bank	167.33	99.88%	0.12%	0.00%
2	ICICI Bank	127.51	99.80%	0.20%	0.00%
3	Axis Bank	14.70	99.97%	0.02%	0.01%
4	Yes Bank	13.45	99.62%	0.36%	0.01%
5	IDBI Bank	9.86	96.40%	3.59%	0.01%
6	Equitas Small Finance Bank	8.89	99.64%	0.36%	0.00%
7	Airtel Payments Bank	8.12	98.98%	1.02%	0.00%
8	Kotak Mahindra Bank	5.73	99.91%	0.09%	0.00%
9	State Bank of India	1.62	99.14%	0.84%	0.02%
10	HDFC Bank	1.31	99.99%	0.00%	0.01%
11	AU Small Finance Bank Limited	1.24	99.52%	0.48%	0.00%
12	KVB Bank	0.10	98.05%	0.63%	1.32%

Glossary

Issuer Bank - The Issuer Bank is a member of NPCI which issues the ETC Tag to vehicle owner for the payment through ETC Tag.
Acquirer Bank - The Acquirer Bank is a member of NPCI who acquires the Toll Plaza to facilitate the acceptance of ETC transaction for the payment through ETC Payment System.
Deemed Approved - Deemed Approved percentage indicates the total percentage of deemed approved cases of the total transactions. When there is no response/ late response from issuer bank, then these transactions are considered as deemed approved.
Business Decline (BD) - Transaction decline due to business rules such as duplicate transactions or Tag ID not associated with issuer Bank etc.
Technical Decline (TD) - Transaction decline due to any technical reason such as bank ID is empty or not in correct format or exception code not in Database or not in correct format etc.

NETC FASTag - Issuer Banks (Oct'24)
Sr. No	Issuer Member Bank	Total Volume (in Mn)	Approved %	Deemed Approved %
1	IDFC First Bank	106.56	100%	0%
2	ICICI Bank	88.55	98%	2%
3	HDFC Bank	33.55	98%	2%
4	State Bank of India	27.00	96%	4%
5	Axis Bank Limited	20.91	100%	0%
6	Airtel Payments Bank	18.66	97%	3%
7	Kotak Mahindra Bank	14.75	99%	1%
8	IndusInd Bank	8.95	100%	0%
9	IDBI Bank	5.27	100%	0%
10	Bank Of Baroda	3.89	98%	2%
11	Livquik Technology Pvt Ltd	4.07	100%	0%
12	EQUITAS SMALL FINANCE BANK	3.07	98%	2%
13	Karur Vysya Bank	2.51	94%	6%
14	Bajaj Finance Ltd	2.61	99%	1%
15	Yes Bank	1.04	100%	0%
16	Federal Bank	0.85	92%	8%
17	Union Bank of India	0.83	97%	3%
18	PAYTM Paytments Bank	0.40	100%	0%
19	Indian Bank	0.23	99%	1%
20	South Indian Bank	0.24	100%	0%
21	City Union Bank Limited	0.20	98%	2%
22	AU Small Finance Bank	0.18	99%	1%
23	Canara Bank	0.17	100%	0%
24	Punjab National Bank	0.11	99%	1%
25	Central Bank of India	0.07	0%	0%
26	Saraswat Bank	0.06	96%	4%
27	Karnataka Bank	0.07	99%	1%
28	Bank of Maharashtra	0.05	99%	1%
29	Indian Overseas Bank	0.04	99%	1%
30	Nagpur Nagarik Sahakari Bank Ltd	0.02	99%	1%
31	UCO Bank	0.01	100%	0%
32	Jammu and Kashmir Bank	0.01	99%	1%
33	Cosmos Bank	0.00	96%	4%
34	Fino Payment Bank	0.00	97%	3%
35	Dombivli Nagari Sahakari Bank	0.00	76%	24%
36	Bandhan Bank	0.00	0%	0%
37	Punjab Maharashtra Bank	0.00	0%	0%
38	Syndicate Bank	0.00	0%	0%

NETC FASTag - Acquirer Banks (Oct'24)
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	DECLINED
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	BD %	TD %
1	IDFC Bank	161.35	99.90%	0.10%	0.00%
2	ICICI Bank	124.32	99.79%	0.21%	0.00%
3	Axis Bank	13.69	99.90%	0.07%	0.02%
4	Yes Bank	13.00	99.67%	0.33%	0.00%
5	IDBI Bank	8.93	99.01%	0.79%	0.20%
6	Equitas Small Finance Bank	8.29	99.76%	0.24%	0.00%
7	Airtel Payments Bank	7.43	99.53%	0.46%	0.00%
8	Kotak Mahindra Bank	5.27	99.82%	0.18%	0.00%
9	State Bank of India	1.49	99.64%	0.34%	0.01%
10	HDFC Bank	1.34	99.97%	0.02%	0.01%
11	AU Small Finance Bank Limited	0.39	99.83%	0.15%	0.02%
12	KVB Bank	0.10	98.46%	0.76%	0.78%

Glossary

Issuer Bank - The Issuer Bank is a member of NPCI which issues the ETC Tag to vehicle owner for the payment through ETC Tag.
Acquirer Bank - The Acquirer Bank is a member of NPCI who acquires the Toll Plaza to facilitate the acceptance of ETC transaction for the payment through ETC Payment System.
Deemed Approved - Deemed Approved percentage indicates the total percentage of deemed approved cases of the total transactions. When there is no response/ late response from issuer bank, then these transactions are considered as deemed approved.
Business Decline (BD) - Transaction decline due to business rules such as duplicate transactions or Tag ID not associated with issuer Bank etc.
Technical Decline (TD) - Transaction decline due to any technical reason such as bank ID is empty or not in correct format or exception code not in Database or not in correct format etc.

NETC FASTag - Issuer Banks (Sep'24)
Sr. No	Issuer Member Bank	Total Volume (in Mn)	Approved %	Deemed Approved %
1	IDFC First Bank	97.37	100%	0%
2	ICICI Bank	82.60	98%	2%
3	HDFC Bank	31.75	98%	2%
4	State Bank of India	25.00	98%	2%
5	Axis Bank Limited	18.66	100%	0%
6	Airtel Payments Bank	17.31	96%	4%
7	Kotak Mahindra Bank	14.04	99%	1%
8	IndusInd Bank	8.11	100%	0%
9	IDBI Bank	4.60	99%	1%
10	Bank Of Baroda	3.53	100%	0%
11	Livquik Technology Pvt Ltd	3.46	100%	0%
12	EQUITAS SMALL FINANCE BANK	3.06	98%	2%
13	Karur Vysya Bank	2.50	93%	7%
14	Bajaj Finance Ltd	1.82	99%	1%
15	Yes Bank	1.03	100%	0%
16	Federal Bank	0.89	91%	9%
17	Union Bank of India	0.73	99%	1%
18	PAYTM Paytments Bank	0.45	100%	0%
19	Indian Bank	0.25	98%	2%
20	South Indian Bank	0.24	100%	0%
21	City Union Bank Limited	0.21	99%	1%
22	AU Small Finance Bank	0.17	98%	2%
23	Canara Bank	0.16	100%	0%
24	Punjab National Bank	0.11	99%	1%
25	Central Bank of India	0.07	0%	100%
26	Saraswat Bank	0.06	97%	3%
27	Karnataka Bank	0.06	98%	2%
28	Bank of Maharashtra	0.05	98%	2%
29	Indian Overseas Bank	0.04	98%	2%
30	Nagpur Nagarik Sahakari Bank Ltd	0.02	100%	0%
31	UCO Bank	0.01	97%	3%
32	Jammu and Kashmir Bank	0.01	99%	1%
33	Cosmos Bank	0.00	0%	100%
34	Fino Payment Bank	0.00	0%	100%
35	Dombivli Nagari Sahakari Bank	0.00	0%	100%
36	Bandhan Bank	0.00	0%	100%
37	Punjab Maharashtra Bank	0.00	0%	100%
38	Syndicate Bank	0.00	0%	100%

NETC FASTag - Acquirer Banks (Sep'24)
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	DECLINED
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	BD %	TD %
1	IDFC Bank	149.55	99.87%	0.12%	0.00%
2	ICICI Bank	114.94	99.73%	0.27%	0.00%
3	Yes Bank	11.85	99.14%	0.86%	0.01%
4	Axis Bank	11.80	99.87%	0.13%	0.01%
5	IDBI Bank	7.91	99.13%	0.74%	0.13%
6	Equitas Small Finance Bank	7.50	99.55%	0.45%	0.00%
7	Airtel Payments Bank	6.57	98.41%	1.54%	0.05%
8	Kotak Mahindra Bank	4.41	99.23%	0.77%	0.00%
9	HDFC Bank	2.99	99.98%	0.02%	0.00%
10	State Bank of India	1.46	99.55%	0.43%	0.02%
11	AU Small Finance Bank Limited	0.21	99.85%	0.06%	0.09%
12	KVB Bank	0.09	99.33%	0.30%	0.37%

Glossary

Issuer Bank - The Issuer Bank is a member of NPCI which issues the ETC Tag to vehicle owner for the payment through ETC Tag.
Acquirer Bank - The Acquirer Bank is a member of NPCI who acquires the Toll Plaza to facilitate the acceptance of ETC transaction for the payment through ETC Payment System.
Deemed Approved - Deemed Approved percentage indicates the total percentage of deemed approved cases of the total transactions. When there is no response/ late response from issuer bank, then these transactions are considered as deemed approved.
Business Decline (BD) - Transaction decline due to business rules such as duplicate transactions or Tag ID not associated with issuer Bank etc.
Technical Decline (TD) - Transaction decline due to any technical reason such as bank ID is empty or not in correct format or exception code not in Database or not in correct format etc.

NETC FASTag - Issuer Banks (Aug'24)
Sr. No	Issuer Member Bank	Total Volume (in Mn)	Approved %	Deemed Approved %
1	IDFC First Bank	98.58	100%	0%
2	ICICI Bank	85.8	100%	0%
3	HDFC Bank	34.19	97%	3%
4	State Bank of India	26.58	98%	2%
5	Axis Bank Limited	18.22	98%	2%
6	Airtel Payments Bank	17.97	96%	4%
7	Kotak Mahindra Bank	15.11	100%	0%
8	IndusInd Bank	8.32	99%	1%
9	IDBI Bank	4.78	98%	2%
10	Bank Of Baroda	3.84	100%	0%
11	Livquik Technology Pvt Ltd	3.17	99%	1%
12	EQUITAS SMALL FINANCE BANK	3.16	97%	3%
13	Karur Vysya Bank	2.68	92%	8%
14	Bajaj Finance Ltd	1.52	99%	1%
15	Yes Bank	1.09	99%	1%
16	Federal Bank	0.93	97%	3%
17	Union Bank of India	0.81	96%	4%
18	PAYTM Paytments Bank	0.67	100%	0%
19	Indian Bank	0.27	98%	2%
20	South Indian Bank	0.25	97%	3%
21	City Union Bank Limited	0.22	98%	2%
22	AU Small Finance Bank	0.19	99%	1%
23	Canara Bank	0.17	100%	0%
24	Punjab National Bank	0.12	98%	2%
25	Central Bank of India	0.08	0%	100%
26	Saraswat Bank	0.07	97%	3%
27	Karnataka Bank	0.07	98%	2%
28	Bank of Maharashtra	0.05	98%	2%
29	Indian Overseas Bank	0.04	89%	11%
30	Nagpur Nagarik Sahakari Bank Ltd	0.02	100%	0%
31	UCO Bank	0.01	98%	2%
32	Jammu and Kashmir Bank	0.01	99%	1%
33	Cosmos Bank	0.00	99%	1%
34	Fino Payment Bank	0.00	88%	12%
35	Dombivli Nagari Sahakari Bank	0.00	84%	16%
36	Bandhan Bank	0.00	0%	0%
37	Punjab Maharashtra Bank	0.00	0%	0%
38	Syndicate Bank	0.00	0%	0%

NETC FASTag - Acquirer Banks (Aug'24)
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	DECLINED
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	BD %	TD %
1	IDFC Bank	154.35	99.87%	0.13%	0.00%
2	ICICI Bank	119.01	99.75%	0.25%	0.00%
3	Axis Bank	12.38	99.90%	0.06%	0.04%
4	Yes Bank	11.86	99.09%	0.89%	0.01%
5	IDBI Bank	8.21	99.84%	0.16%	0.00%
6	Equitas Small Finance Bank	7.68	99.56%	0.44%	0.00%
7	Airtel Payments Bank	6.67	99.45%	0.55%	0.00%
8	Kotak Mahindra Bank	4.00	99.93%	0.07%	0.00%
9	HDFC Bank	3.79	99.96%	0.03%	0.00%
10	State Bank of India	1.57	94.97%	5.01%	0.02%
11	AU Small Finance Bank Limited	0.16	98.90%	0.22%	0.88%
12	KVB Bank	0.09	99.00%	0.43%	0.57%

Glossary

Issuer Bank - The Issuer Bank is a member of NPCI which issues the ETC Tag to vehicle owner for the payment through ETC Tag.
Acquirer Bank - The Acquirer Bank is a member of NPCI who acquires the Toll Plaza to facilitate the acceptance of ETC transaction for the payment through ETC Payment System.
Deemed Approved - Deemed Approved percentage indicates the total percentage of deemed approved cases of the total transactions. When there is no response/ late response from issuer bank, then these transactions are considered as deemed approved.
Business Decline (BD) - Transaction decline due to business rules such as duplicate transactions or Tag ID not associated with issuer Bank etc.
Technical Decline (TD) - Transaction decline due to any technical reason such as bank ID is empty or not in correct format or exception code not in Database or not in correct format etc.

NETC FASTag - Issuer Banks (Jul'24)
Sr. No	Issuer Member Bank	Total Volume (in Mn)	Approved %	Deemed Approved %
1	IDFC First Bank	97.35	100%	0%
2	ICICI Bank	84.82	100%	0%
4	HDFC Bank	33.86	98%	2%
5	State Bank of India	25.74	97%	3%
7	Axis Bank Limited	17.84	97%	3%
8	Airtel Payments Bank	17.47	97%	3%
6	Kotak Mahindra Bank	14.93	99%	1%
9	IndusInd Bank	8.12	99%	1%
11	IDBI Bank	4.56	98%	2%
10	Bank Of Baroda	3.73	98%	2%
12	EQUITAS SMALL FINANCE BANK	3.08	100%	0%
13	Karur Vysya Bank	2.66	83%	17%
15	Livquik Technology Pvt Ltd	2.88	100%	0%
14	Yes Bank	1.62	99%	1%
3	PAYTM Paytments Bank	0.88	100%	0%
16	Federal Bank	0.88	99%	1%
17	Union Bank of India	0.77	98%	2%
20	Indian Bank	0.26	98%	2%
18	South Indian Bank	0.25	97%	3%
19	City Union Bank Limited	0.22	98%	2%
21	AU Small Finance Bank	0.19	99%	1%
22	Canara Bank	0.16	100%	0%
23	Punjab National Bank	0.12	100%	0%
25	Central Bank of India	0.08	53%	47%
24	Saraswat Bank	0.07	96%	4%
26	Karnataka Bank	0.07	99%	1%
27	Bank of Maharashtra	0.05	95%	5%
29	Indian Overseas Bank	0.04	91%	9%
28	Nagpur Nagarik Sahakari Bank Ltd	0.02	99%	1%
30	Jammu and Kashmir Bank	0.01	99%	1%
32	UCO Bank	0.01	99%	1%
31	Cosmos Bank	0.00	92%	8%
33	Fino Payment Bank	0.00	94%	6%
34	Dombivli Nagari Sahakari Bank	0.00	75%	25%
35	Bandhan Bank	0.00	0%	0%
36	Punjab Maharashtra Bank	0.00	0%	0%
37	Syndicate Bank	0.00	0%	0%
38	Thrissur District Cooperative Bank (Kerala Bank)	0.00	0%	100%

NETC FASTag - Acquirer Banks (Jul'24)
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	DECLINED
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	BD %	TD %
1	IDFC Bank	150.52	99.88%	0.11%	0.01%
2	ICICI Bank	116.22	99.75%	0.25%	0.00%
3	Axis Bank	12.27	99.97%	0.03%	0.00%
4	Yes Bank	11.45	99.68%	0.32%	0.00%
5	IDBI Bank	8.04	99.85%	0.14%	0.00%
6	Equitas Small Finance Bank	7.46	99.70%	0.30%	0.00%
7	Airtel Payments Bank	6.64	99.60%	0.40%	0.00%
8	HDFC Bank	5.66	99.98%	0.02%	0.01%
9	Kotak Mahindra Bank	3.41	99.90%	0.10%	0.00%
10	State Bank of India	1.46	98.30%	1.63%	0.07%
11	AU Small Finance Bank Limited	0.13	99.91%	0.07%	0.03%
12	KVB Bank	0.08	99.44%	0.25%	0.31%

Glossary

Issuer Bank - The Issuer Bank is a member of NPCI which issues the ETC Tag to vehicle owner for the payment through ETC Tag.
Acquirer Bank - The Acquirer Bank is a member of NPCI who acquires the Toll Plaza to facilitate the acceptance of ETC transaction for the payment through ETC Payment System.
Deemed Approved - Deemed Approved percentage indicates the total percentage of deemed approved cases of the total transactions. When there is no response/ late response from issuer bank, then these transactions are considered as deemed approved.
Business Decline (BD) - Transaction decline due to business rules such as duplicate transactions or Tag ID not associated with issuer Bank etc.
Technical Decline (TD) - Transaction decline due to any technical reason such as bank ID is empty or not in correct format or exception code not in Database or not in correct format etc.

NETC FASTag - Issuer Banks (Jun'24)
Sr. No	Issuer Member Bank	Total Volume (in Mn)	Approved %	Deemed Approved %
1	IDFC First Bank	101.51	100%	0%
2	ICICI Bank	87.60	100%	0%
4	HDFC Bank	35.27	99%	1%
5	State Bank of India	26.25	95%	5%
7	Axis Bank Limited	18.34	100%	0%
8	Airtel Payments Bank	18.26	97%	3%
6	Kotak Mahindra Bank	15.75	97%	3%
9	IndusInd Bank	8.18	99%	1%
11	IDBI Bank	4.75	95%	5%
10	Bank Of Baroda	3.90	99%	1%
12	EQUITAS SMALL FINANCE BANK	3.14	99%	1%
13	Karur Vysya Bank	2.71	88%	12%
15	Livquik Technology Pvt Ltd	2.69	99%	1%
14	Yes Bank	1.42	100%	0%
3	PAYTM Paytments Bank	1.34	100%	0%
16	Federal Bank	0.90	100%	0%
17	Union Bank of India	0.79	98%	2%
20	Indian Bank	0.25	99%	1%
18	South Indian Bank	0.25	100%	0%
19	City Union Bank Limited	0.22	97%	3%
21	AU Small Finance Bank	0.21	99%	1%
22	Canara Bank	0.18	100%	0%
23	Punjab National Bank	0.14	98%	2%
25	Central Bank of India	0.08	88%	12%
24	Saraswat Bank	0.07	98%	2%
26	Karnataka Bank	0.07	98%	2%
27	Bank of Maharashtra	0.06	96%	4%
29	Indian Overseas Bank	0.04	92%	8%
28	Nagpur Nagarik Sahakari Bank Ltd	0.02	97%	3%
30	Jammu and Kashmir Bank	0.01	98%	2%
32	UCO Bank	0.01	97%	3%
31	Cosmos Bank	0.00	99%	1%
33	Fino Payment Bank	0.00	95%	5%
34	Dombivli Nagari Sahakari Bank	0.00	81%	19%
35	Bandhan Bank	0.00	0%	0%
36	Punjab Maharashtra Bank	0.00	0%	0%
37	Syndicate Bank	0.00	0%	0%

NETC FASTag - Acquirer Banks (Jun'24)
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	DECLINED
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	BD %	TD %
1	IDFC Bank	157.71	99.83%	0.16%	0.00%
2	ICICI Bank	118.50	99.70%	0.30%	0.00%
3	Axis Bank	12.55	99.78%	0.22%	0.00%
4	Yes Bank	12.08	99.70%	0.29%	0.01%
5	IDBI Bank	8.27	99.87%	0.13%	0.00%
6	Equitas Small Finance Bank	7.39	99.69%	0.31%	0.00%
7	Airtel Payments Bank	6.85	99.79%	0.21%	0.00%
8	HDFC Bank	6.67	99.94%	0.05%	0.01%
9	Kotak Mahindra Bank	3.49	99.89%	0.11%	0.00%
10	State Bank of India	1.53	99.43%	0.55%	0.01%
11	KVB Bank	0.08	99.65%	0.12%	0.24%
12	AU Small Finance Bank Limited	0.04	99.87%	0.08%	0.05%

Glossary

Issuer Bank - The Issuer Bank is a member of NPCI which issues the ETC Tag to vehicle owner for the payment through ETC Tag.
Acquirer Bank - The Acquirer Bank is a member of NPCI who acquires the Toll Plaza to facilitate the acceptance of ETC transaction for the payment through ETC Payment System.
Deemed Approved - Deemed Approved percentage indicates the total percentage of deemed approved cases of the total transactions. When there is no response/ late response from issuer bank, then these transactions are considered as deemed approved.
Business Decline (BD) - Transaction decline due to business rules such as duplicate transactions or Tag ID not associated with issuer Bank etc.
Technical Decline (TD) - Transaction decline due to any technical reason such as bank ID is empty or not in correct format or exception code not in Database or not in correct format etc.

NETC FASTag - Issuer Banks (May'24)
Sr. No	Issuer Member Bank	Total Volume (in Mn)	Approved %	Deemed Approved %
1	IDFC First Bank	106.40	100%	0%
2	ICICI Bank	90.82	100%	0%
3	PAYTM Paytments Bank	2.19	99%	1%
4	HDFC Bank	36.06	97%	3%
5	State Bank of India	26.38	92%	8%
6	Kotak Mahindra Bank	16.84	97%	3%
7	Axis Bank Limited	18.74	100%	0%
8	Airtel Payments Bank	19.14	97%	3%
9	IndusInd Bank	8.01	99%	1%
10	Bank Of Baroda	4.17	98%	2%
11	IDBI Bank	4.65	97%	3%
12	EQUITAS SMALL FINANCE BANK	3.34	100%	0%
13	Karur Vysya Bank	2.87	89%	11%
14	Yes Bank	1.65	98%	2%
15	Livquik Technology Pvt Ltd	2.53	92%	8%
16	Federal Bank	1.02	100%	0%
17	Union Bank of India	0.83	97%	3%
18	South Indian Bank	0.28	100%	0%
19	City Union Bank Limited	0.23	98%	2%
20	Indian Bank	0.27	96%	4%
21	AU Small Finance Bank	0.22	100%	0%
22	Canara Bank	0.18	99%	1%
23	Punjab National Bank	0.13	99%	1%
24	Saraswat Bank	0.08	98%	2%
25	Central Bank of India	0.09	95%	5%
26	Karnataka Bank	0.08	100%	0%
27	Bank of Maharashtra	0.06	96%	4%
28	Nagpur Nagarik Sahakari Bank Ltd	0.03	100%	0%
29	Indian Overseas Bank	0.04	95%	5%
30	Jammu and Kashmir Bank	0.01	99%	1%
31	Cosmos Bank	0.00	98%	2%
32	UCO Bank	0.01	98%	2%
33	Fino Payment Bank	0.00	94%	6%
34	Dombivli Nagari Sahakari Bank	0.00	85%	15%
35	Bandhan Bank	0.00	0%	0%
36	Punjab Maharashtra Bank	0.00	0%	0%
37	Syndicate Bank	0.00	0%	0%

NETC FASTag - Acquirer Banks (May'24)
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	DECLINED
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	BD %	TD %
1	IDFC BANK	165.27	99.56%	0.44%	0.00%
2	ICICI Bank	120.75	99.68%	0.29%	0.03%
3	Yes Bank	13.18	99.55%	0.44%	0.01%
4	Axis Bank	12.85	99.93%	0.07%	0.01%
5	HDFC Bank	8.52	99.98%	0.01%	0.01%
6	IDBI Bank	8.21	99.84%	0.16%	0.00%
7	Equitas Small Finance Bank	7.71	99.57%	0.42%	0.00%
8	Airtel Payments Bank	6.92	99.86%	0.14%	0.00%
9	Kotak Mahindra Bank	3.53	99.69%	0.30%	0.00%
10	State Bank of India	1.68	94.89%	5.10%	0.01%
11	KVBG	0.09	98.16%	0.59%	1.25%

Glossary

Issuer Bank - The Issuer Bank is a member of NPCI which issues the ETC Tag to vehicle owner for the payment through ETC Tag.
Acquirer Bank - The Acquirer Bank is a member of NPCI who acquires the Toll Plaza to facilitate the acceptance of ETC transaction for the payment through ETC Payment System.
Deemed Approved - Deemed Approved percentage indicates the total percentage of deemed approved cases of the total transactions. When there is no response/ late response from issuer bank, then these transactions are considered as deemed approved.
Business Decline (BD) - Transaction decline due to business rules such as duplicate transactions or Tag ID not associated with issuer Bank etc.
Technical Decline (TD) - Transaction decline due to any technical reason such as bank ID is empty or not in correct format or exception code not in Database or not in correct format etc.

NETC FASTag - Issuer Banks (Apr'24)
Sr. No	Issuer Member Bank	Total Volume (in Mn)	Approved %	Deemed Approved %
1	IDFC First Bank	99.61	100%	0%
2	ICICI Bank	85.86	99%	1%
3	PAYTM Paytments Bank	4.46	100%	0%
4	HDFC Bank	33.29	97%	3%
5	State Bank of India	24.80	97%	3%
6	Kotak Mahindra Bank	16.34	95%	5%
7	Axis Bank Limited	17.47	99%	1%
8	Airtel Payments Bank	17.89	97%	3%
9	IndusInd Bank	7.19	99%	1%
10	Bank Of Baroda	3.96	100%	0%
11	IDBI Bank	4.18	99%	1%
12	EQUITAS SMALL FINANCE BANK	3.03	100%	0%
13	Karur Vysya Bank	2.74	89%	11%
14	Yes Bank	1.77	99%	1%
15	Livquik Technology Pvt Ltd	2.14	98%	2%
16	Federal Bank	0.97	100%	0%
17	Union Bank of India	0.76	97%	3%
18	South Indian Bank	0.27	100%	0%
19	City Union Bank Limited	0.21	99%	1%
20	Indian Bank	0.26	98%	2%
21	AU Small Finance Bank	0.20	100%	0%
22	Canara Bank	0.17	100%	0%
23	Punjab National Bank	0.15	99%	1%
24	Saraswat Bank	0.07	98%	2%
25	Central Bank of India	0.09	95%	5%
26	Karnataka Bank	0.07	97%	3%
27	Bank of Maharashtra	0.05	96%	4%
28	Nagpur Nagarik Sahakari Bank Ltd	0.03	99%	1%
29	Indian Overseas Bank	0.03	96%	4%
30	Jammu and Kashmir Bank	0.01	98%	2%
31	Cosmos Bank	0.00	99%	1%
32	UCO Bank	0.01	99%	1%
33	Fino Payment Bank	0.00	98%	2%
34	Dombivli Nagari Sahakari Bank	0.00	81%	19%
35	Bandhan Bank	0.00	0%	0%
36	Punjab Maharashtra Bank	0.00	0%	0%
37	Syndicate Bank	0.00	0%	0%

NETC FASTag - Acquirer Banks (Apr'24)
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	DECLINED
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	BD %	TD %
1	IDFC Bank	154.49	99.85%	0.15%	0.00%
2	ICICI Bank	112.76	99.61%	0.38%	0.00%
3	Axis Bank	14.34	99.83%	0.16%	0.01%
4	Yes Bank	12.86	99.42%	0.56%	0.02%
5	IDBI Bank	8.17	99.62%	0.37%	0.01%
6	HDFC Bank	8.00	99.95%	0.04%	0.01%
7	Equitas Small Finance Bank	7.34	98.71%	1.27%	0.02%
8	Airtel Payments Bank	6.52	99.19%	0.81%	0.00%
9	Kotak Mahindra Bank	3.05	99.87%	0.12%	0.01%
10	State Bank of India	1.54	93.33%	6.36%	0.31%
11	KVBG	0.09	99.26%	0.35%	0.39%

Glossary

Issuer Bank - The Issuer Bank is a member of NPCI which issues the ETC Tag to vehicle owner for the payment through ETC Tag.
Acquirer Bank - The Acquirer Bank is a member of NPCI who acquires the Toll Plaza to facilitate the acceptance of ETC transaction for the payment through ETC Payment System.
Deemed Approved - Deemed Approved percentage indicates the total percentage of deemed approved cases of the total transactions. When there is no response/ late response from issuer bank, then these transactions are considered as deemed approved.
Business Decline (BD) - Transaction decline due to business rules such as duplicate transactions or Tag ID not associated with issuer Bank etc.
Technical Decline (TD) - Transaction decline due to any technical reason such as bank ID is empty or not in correct format or exception code not in Database or not in correct format etc.

NETC FASTag - Issuer Banks (Mar'24)
Sr. No	Issuer Member Bank	Total Volume (in Mn)	Approved %	Deemed Approved %
1	IDFC First Bank	100.14	100%	0%
2	ICICI Bank	84.64	99%	1%
3	PAYTM Paytments Bank	25.75	100%	0%
4	HDFC Bank	29.43	97%	3%
5	State Bank of India	20.78	95%	5%
6	Kotak Mahindra Bank	16.44	94%	6%
7	Axis Bank Limited	17.11	98%	2%
8	Airtel Payments Bank	16.86	97%	3%
9	IndusInd Bank	6.45	100%	0%
10	Bank Of Baroda	3.9	97%	3%
11	IDBI Bank	3.89	98%	2%
12	EQUITAS SMALL FINANCE BANK	3.09	100%	0%
13	Karur Vysya Bank	3	93%	7%
14	Yes Bank	2.32	100%	0%
15	Livquik Technology Pvt Ltd	1.75	99%	1%
16	Federal Bank	0.9	100%	0%
17	Union Bank of India	0.73	99%	1%
18	South Indian Bank	0.26	100%	0%
19	City Union Bank Limited	0.22	99%	1%
20	Indian Bank	0.24	99%	1%
21	AU Small Finance Bank	0.18	99%	1%
22	Canara Bank	0.15	100%	0%
23	Punjab National Bank	0.15	96%	4%
24	Saraswat Bank	0.08	98%	2%
25	Central Bank of India	0.08	97%	3%
26	Karnataka Bank	0.06	96%	4%
27	Bank of Maharashtra	0.05	96%	4%
28	Nagpur Nagarik Sahakari Bank Ltd	0.03	99%	1%
29	Indian Overseas Bank	0.02	96%	4%
30	Jammu and Kashmir Bank	0.01	98%	2%
31	Cosmos Bank	0	99%	1%
32	UCO Bank	0	94%	6%
33	Fino Payment Bank	0	93%	7%
34	Dombivli Nagari Sahakari Bank	0	87%	13%
35	Bandhan Bank	0	0%	0%
36	Punjab Maharashtra Bank	0	0%	0%
37	Syndicate Bank	0	0%	0%

NETC FASTag - Acquirer Banks (Mar'24)
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	DECLINED
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	BD %	TD %
1	IDFC Bank	157.19	99.89%	0.10%	0.01%
2	ICICI Bank	114.7	99.15%	0.36%	0.49%
3	Axis Bank	16.31	99.94%	0.05%	0.00%
4	Yes Bank	13.57	99.64%	0.34%	0.02%
5	IDBI Bank	8.57	99.25%	0.71%	0.03%
6	HDFC Bank	8.12	99.98%	0.02%	0.01%
7	Equitas Small Finance Bank	6.8	99.57%	0.43%	0.00%
8	Paytm Payments Bank	5.47	99.74%	0.26%	0.00%
9	Airtel Payments Bank	4.7	98.56%	1.43%	0.01%
10	Kotak Mahindra Bank	3.14	99.95%	0.05%	0.00%
11	State Bank of India	1.45	99.91%	0.08%	0.01%
12	KVBG	0.09	98.86%	0.26%	0.88%

Glossary

Issuer Bank - The Issuer Bank is a member of NPCI which issues the ETC Tag to vehicle owner for the payment through ETC Tag.
Acquirer Bank - The Acquirer Bank is a member of NPCI who acquires the Toll Plaza to facilitate the acceptance of ETC transaction for the payment through ETC Payment System.
Deemed Approved - Deemed Approved percentage indicates the total percentage of deemed approved cases of the total transactions. When there is no response/ late response from issuer bank, then these transactions are considered as deemed approved.
Business Decline (BD) - Transaction decline due to business rules such as duplicate transactions or Tag ID not associated with issuer Bank etc.
Technical Decline (TD) - Transaction decline due to any technical reason such as bank ID is empty or not in correct format or exception code not in Database or not in correct format etc.

NETC FASTag - Issuer Banks (Feb'24)
Sr. No	Issuer Member Bank	Total Volume (in Mn)	Approved %	Deemed Approved %
1	IDFC First Bank	91.22	100%	0%
2	ICICI Bank	75.86	98%	2%
3	PAYTM Paytments Bank	46.18	100%	0%
4	HDFC Bank	24.20	95%	5%
5	State Bank of India	15.83	97%	3%
6	Kotak Mahindra Bank	15.32	91%	9%
7	Axis Bank Limited	15.03	94%	6%
8	Airtel Payments Bank	14.78	97%	3%
9	IndusInd Bank	5.55	99%	1%
10	Bank Of Baroda	3.71	99%	1%
11	IDBI Bank	3.45	96%	4%
12	EQUITAS SMALL FINANCE BANK	2.91	99%	1%
13	Karur Vysya Bank	2.88	93%	7%
14	Yes Bank	2.35	8%	92%
15	Livquik Technology Pvt Ltd	1.26	99%	1%
16	Federal Bank	0.84	99%	1%
17	Union Bank of India	0.69	96%	4%
18	South Indian Bank	0.26	100%	0%
19	City Union Bank Limited	0.22	99%	1%
20	Indian Bank	0.18	97%	3%
21	AU Small Finance Bank	0.15	99%	1%
22	Canara Bank	0.13	99%	1%
23	Punjab National Bank	0.13	99%	1%
24	Saraswat Bank	0.08	97%	3%
25	Central Bank of India	0.08	97%	3%
26	Karnataka Bank	0.05	94%	6%
27	Bank of Maharashtra	0.04	96%	4%
28	Nagpur Nagarik Sahakari Bank Ltd	0.03	99%	1%
29	Indian Overseas Bank	0.01	95%	5%
30	Jammu and Kashmir Bank	0.00	99%	1%
31	Cosmos Bank	0.00	95%	5%
32	UCO Bank	0.00	99%	1%
33	Fino Payment Bank	0.00	90%	10%
34	Dombivli Nagari Sahakari Bank	0.00	86%	14%
35	Bandhan Bank	0.00	0%	0%
36	Punjab Maharashtra Bank	0.00	0%	0%
37	Syndicate Bank	0.00	0%	0%

NETC FASTag - Acquirer Banks (Feb'24)
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	DECLINED
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	BD %	TD %
1	IDFC Bank	138502674	99.84%	0.15%	0.01%
2	ICICI Bank	94882923	99.54%	0.46%	0.00%
3	Paytm Payments Bank	43023911	99.84%	0.16%	0.00%
4	Axis Bank	12960899	99.91%	0.08%	0.00%
5	Yes Bank	11618656	99.73%	0.25%	0.02%
6	HDFC Bank	7516939	99.89%	0.09%	0.02%
7	IDBI Bank	6940723	99.81%	0.18%	0.01%
8	Equitas Small Finance Bank	4202169	99.72%	0.28%	0.00%
9	Airtel Payments Bank	1644370	99.95%	0.05%	0.00%
10	Kotak Mahindra Bank	1459764	99.83%	0.16%	0.01%
11	State Bank of India	1410492	98.71%	1.29%	0.01%
12	KVBG	92912	98.28%	0.23%	1.49%

Glossary

Issuer Bank - The Issuer Bank is a member of NPCI which issues the ETC Tag to vehicle owner for the payment through ETC Tag.
Acquirer Bank - The Acquirer Bank is a member of NPCI who acquires the Toll Plaza to facilitate the acceptance of ETC transaction for the payment through ETC Payment System.
Deemed Approved - Deemed Approved percentage indicates the total percentage of deemed approved cases of the total transactions. When there is no response/ late response from issuer bank, then these transactions are considered as deemed approved.
Business Decline (BD) - Transaction decline due to business rules such as duplicate transactions or Tag ID not associated with issuer Bank etc.
Technical Decline (TD) - Transaction decline due to any technical reason such as bank ID is empty or not in correct format or exception code not in Database or not in correct format etc.

NETC FASTag - Issuer Banks (Jan'24)
Sr. No	Issuer Member Bank	Total Volume (in Mn)	Approved %	Deemed Approved %
1	IDFC First Bank	90.91	99%	1%
2	ICICI Bank	76.32	98%	2%
3	PAYTM Paytments Bank	53.04	100%	0%
4	HDFC Bank	24.19	97%	3%
5	Kotak Mahindra Bank	15.99	91%	9%
6	Airtel Payments Bank	15.4	97%	3%
7	Axis Bank Limited	14.77	93%	7%
8	State Bank of India	14.77	96%	4%
9	IndusInd Bank	5.82	100%	0%
10	Bank Of Baroda	3.88	99%	1%
11	IDBI Bank	3.46	99%	1%
12	EQUITAS SMALL FINANCE BANK	3.21	99%	1%
13	Karur Vysya Bank	3.03	93%	7%
14	Yes Bank	2.37	0%	100%
15	Livquik Technology Pvt Ltd	1.07	99%	1%
16	Federal Bank	0.95	100%	0%
17	Union Bank of India	0.73	99%	1%
18	South Indian Bank	0.29	100%	0%
19	Indian Bank	0.24	99%	1%
20	City Union Bank Limited	0.23	100%	0%
21	AU Small Finance Bank	0.15	100%	0%
22	Canara Bank	0.14	100%	0%
23	Punjab National Bank	0.14	99%	1%
24	Saraswat Bank	0.08	97%	3%
25	Central Bank of India	0.08	95%	5%
26	Karnataka Bank	0.05	98%	2%
27	Bank of Maharashtra	0.04	96%	4%
28	Nagpur Nagarik Sahakari Bank Ltd	0.03	99%	1%
29	Indian Overseas Bank	0.01	96%	4%
30	Jammu and Kashmir Bank	0	100%	0%
31	Cosmos Bank	0	98%	2%
32	Syndicate Bank	0	100%	0%
33	Fino Payment Bank	0	98%	2%
34	Dombivli Nagari Sahakari Bank	0	86%	14%
35	UCO Bank	0	0%	0%
36	Bandhan Bank	0	0%	0%
37	Punjab Maharashtra Bank	0	0%	0%

NETC FASTag - Acquirer Banks (Jan'24)
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	DECLINED
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	BD %	TD %
1	IDFC Bank	141.27	99.92%	0.07%	0.01%
2	ICICI Bank	94.11	99.29%	0.71%	0.00%
3	Paytm Payments Bank	48.29	99.93%	0.07%	0.00%
4	Axis Bank	13.71	99.96%	0.03%	0.01%
5	Yes Bank	11.83	99.71%	0.27%	0.02%
6	HDFC Bank	7.68	99.98%	0.01%	0.01%
7	IDBI Bank	6.65	99.87%	0.12%	0.01%
8	Equitas Small Finance Bank	3.98	99.93%	0.07%	0.00%
9	Airtel Payments Bank	1.63	99.87%	0.13%	0.00%
10	Kotak Mahindra Bank	1.53	99.96%	0.04%	0.00%
11	State Bank of India	1.48	99.80%	0.20%	0.00%
12	KVB Bank	0.10	97.03%	0.85%	2.13%

Glossary

Issuer Bank - The Issuer Bank is a member of NPCI which issues the ETC Tag to vehicle owner for the payment through ETC Tag.
Acquirer Bank - The Acquirer Bank is a member of NPCI who acquires the Toll Plaza to facilitate the acceptance of ETC transaction for the payment through ETC Payment System.
Deemed Approved - Deemed Approved percentage indicates the total percentage of deemed approved cases of the total transactions. When there is no response/ late response from issuer bank, then these transactions are considered as deemed approved.
Business Decline (BD) - Transaction decline due to business rules such as duplicate transactions or Tag ID not associated with issuer Bank etc.
Technical Decline (TD) - Transaction decline due to any technical reason such as bank ID is empty or not in correct format or exception code not in Database or not in correct format etc.

NETC FASTag - Issuer Banks (Dec'23)
Sr. No	Issuer Member Bank	Total Volume (in Mn)	Approved %	Deemed Approved %
1	IDFC First Bank	96.06	100%	0%
2	ICICI Bank	79.75	100%	0%
3	PAYTM Paytments Bank	57.91	100%	0%
4	HDFC Bank	25.02	96%	4%
5	Kotak Mahindra Bank	17.06	91%	9%
6	Airtel Payments Bank	16.06	93%	7%
7	Axis Bank Limited	15.38	85%	15%
8	State Bank of India	14.63	86%	14%
9	IndusInd Bank	6.37	100%	0%
10	Bank Of Baroda	4.14	99%	1%
11	IDBI Bank	3.53	95%	5%
12	EQUITAS SMALL FINANCE BANK	3.11	100%	0%
13	Karur Vysya Bank	3.10	90%	10%
14	Yes Bank	2.59	0%	100%
15	Federal Bank	0.97	96%	4%
16	Union Bank of India	0.72	99%	1%
17	South Indian Bank	0.29	99%	1%
18	Indian Bank	0.23	99%	1%
19	City Union Bank Limited	0.22	99%	1%
20	AU Small Finance Bank	0.15	99%	1%
21	Punjab National Bank	0.15	99%	1%
22	Canara Bank	0.15	100%	0%
23	Saraswat Bank	0.09	98%	2%
24	Central Bank of India	0.08	93%	7%
25	Karnataka Bank	0.05	97%	3%
26	Bank of Maharashtra	0.05	96%	4%
27	Nagpur Nagarik Sahakari Bank Ltd	0.03	99%	1%
28	Indian Overseas Bank	0.01	96%	4%
29	Jammu and Kashmir Bank	0.00	100%	0%
30	Cosmos Bank	0.00	98%	2%
31	UCO Bank	0.00	99%	1%
32	Fino Payment Bank	0.00	98%	2%
33	Dombivli Nagari Sahakari Bank	0.00	84%	16%
34	Bandhan Bank	0.00	0%	0%
35	Livquik Technology Pvt Ltd	0.00	0%	0%
36	Punjab Maharashtra Bank	0.00	0%	0%
37	Syndicate Bank	0.00	0%	0%

NETC FASTag - Acquirer Banks (Dec'23)
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	DECLINED
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	BD %	TD %
1	IDFC Bank	144.71	99.94%	0.06%	0.00%
2	ICICI Bank	100.34	99.77%	0.23%	0.00%
3	Paytm Payments Bank	51.23	99.94%	0.06%	0.00%
4	Axis Bank	15.40	97.48%	1.48%	1.04%
5	Yes Bank	12.64	99.74%	0.24%	0.02%
6	HDFC Bank	8.13	99.98%	0.01%	0.01%
7	IDBI Bank	7.11	99.25%	0.63%	0.11%
8	Equitas Small Finance Bank	4.24	99.93%	0.07%	0.00%
9	Airtel Payments Bank	1.77	99.89%	0.11%	0.00%
10	Kotak Mahindra Bank	1.60	99.94%	0.06%	0.00%
11	State Bank of India	1.55	99.04%	0.96%	0.00%
12	KVB Bank	0.10	98.12%	0.58%	1.30%

Glossary

Issuer Bank - The Issuer Bank is a member of NPCI which issues the ETC Tag to vehicle owner for the payment through ETC Tag.
Acquirer Bank - The Acquirer Bank is a member of NPCI who acquires the Toll Plaza to facilitate the acceptance of ETC transaction for the payment through ETC Payment System.
Deemed Approved - Deemed Approved percentage indicates the total percentage of deemed approved cases of the total transactions. When there is no response/ late response from issuer bank, then these transactions are considered as deemed approved.
Business Decline (BD) - Transaction decline due to business rules such as duplicate transactions or Tag ID not associated with issuer Bank etc.
Technical Decline (TD) - Transaction decline due to any technical reason such as bank ID is empty or not in correct format or exception code not in Database or not in correct format etc.

NETC FASTag - Issuer Banks (Nov'23)
Sr. No	Issuer Member Bank	Total Volume (in Mn)	Approved %	Deemed Approved %
1	IDFC First Bank	86.14	99%	1%
2	ICICI Bank	73.61	99%	1%
3	PAYTM Paytments Bank	55.06	100%	0%
4	HDFC Bank	22.85	95%	5%
5	Kotak Mahindra Bank	16.22	92%	8%
6	Airtel Payments Bank	15.4	98%	2%
7	Axis Bank Limited	13.87	90%	10%
8	State Bank of India	12.51	74%	26%
9	IndusInd Bank	6.12	100%	0%
10	Bank Of Baroda	3.76	100%	0%
11	IDBI Bank	3.24	96%	4%
12	EQUITAS SMALL FINANCE BANK	2.91	100%	0%
13	Karur Vysya Bank	2.91	94%	6%
14	Yes Bank	2.4	0%	100%
15	Federal Bank	0.86	99%	1%
16	Livquik Technology Pvt Ltd	0.81	99%	1%
17	Union Bank of India	0.68	100%	0%
18	South Indian Bank	0.27	97%	3%
19	Indian Bank	0.23	100%	0%
20	City Union Bank Limited	0.22	100%	0%
21	Punjab National Bank	0.15	100%	0%
22	AU Small Finance Bank	0.14	100%	0%
23	Canara Bank	0.14	100%	0%
24	Saraswat Bank	0.09	98%	2%
25	Central Bank of India	0.08	93%	7%
26	Karnataka Bank	0.05	97%	3%
27	Bank of Maharashtra	0.04	97%	3%
28	Nagpur Nagarik Sahakari Bank Ltd	0.03	99%	1%
29	Indian Overseas Bank	0.01	96%	4%
30	Jammu and Kashmir Bank	0	100%	0%
31	Cosmos Bank	0	94%	6%
32	UCO Bank	0	99%	1%
33	Fino Payment Bank	0	97%	3%
34	Dombivli Nagari Sahakari Bank	0	56%	44%
35	Bandhan Bank	0	0%	0%
36	Syndicate Bank	0	0%	0%
37	Punjab Maharashtra Bank	0	0%	0%

NETC FASTag - Acquirer Banks (Nov'23)
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	DECLINED
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	BD %	TD %
1	IDFC Bank	130.53	99.89%	0.11%	0.01%
2	ICICI Bank	95.53	99.65%	0.35%	0.01%
3	Paytm Payments Bank	46.74	99.93%	0.07%	0.00%
4	Axis Bank	13.79	98.93%	1.06%	0.01%
5	Yes Bank	11.68	99.71%	0.28%	0.01%
6	HDFC Bank	8.17	99.93%	0.04%	0.03%
7	IDBI Bank	6.83	98.25%	1.73%	0.01%
8	Equitas Small Finance Bank	3.87	99.83%	0.16%	0.00%
9	Airtel Payments Bank	1.58	99.91%	0.09%	0.00%
10	State Bank of India	1.44	98.83%	1.16%	0.01%
11	Kotak Mahindra Bank	1.38	99.94%	0.05%	0.01%
12	KVB Bank	0.12	99.15%	0.58%	0.27%

Glossary

Issuer Bank - The Issuer Bank is a member of NPCI which issues the ETC Tag to vehicle owner for the payment through ETC Tag.
Acquirer Bank - The Acquirer Bank is a member of NPCI who acquires the Toll Plaza to facilitate the acceptance of ETC transaction for the payment through ETC Payment System.
Deemed Approved - Deemed Approved percentage indicates the total percentage of deemed approved cases of the total transactions. When there is no response/ late response from issuer bank, then these transactions are considered as deemed approved.
Business Decline (BD) - Transaction decline due to business rules such as duplicate transactions or Tag ID not associated with issuer Bank etc.
Technical Decline (TD) - Transaction decline due to any technical reason such as bank ID is empty or not in correct format or exception code not in Database or not in correct format etc.

NETC FASTag - Issuer Banks (Oct'23)
Sr. No	Issuer Member Bank	Total Volume (in Mn)	Approved %	Deemed Approved %
1	PAYTM Paytments Bank	53.30	100%	0%
2	Canara Bank	0.14	100%	0%
3	IndusInd Bank	6.01	99%	1%
4	Yes Bank	2.77	0%	100%
5	Livquik Technology Pvt Ltd	0.76	100%	0%
6	South Indian Bank	0.28	99%	1%
7	Airtel Payments Bank	14.97	99%	1%
8	ICICI Bank	75.68	98%	2%
9	Nagpur Nagarik Sahakari Bank Ltd	0.03	99%	1%
10	EQUITAS SMALL FINANCE BANK	3.13	99%	1%
11	Federal Bank	0.90	97%	3%
12	Karnataka Bank	0.05	99%	1%
13	Jammu and Kashmir Bank	0.00	99%	1%
14	Cosmos Bank	0.00	97%	3%
15	AU Small Finance Bank	0.13	99%	1%
16	Bank of Maharashtra	0.04	96%	4%
17	UCO Bank	0.00	100%	0%
18	City Union Bank Limited	0.23	99%	1%
19	Saraswat Bank	0.08	98%	2%
20	Indian Overseas Bank	0.01	96%	4%
21	IDFC First Bank	87.01	100%	0%
22	Indian Bank	0.24	96%	4%
23	Union Bank of India	0.72	99%	1%
24	Kotak Mahindra Bank	16.13	84%	16%
25	Bank Of Baroda	3.64	100%	0%
26	Karur Vysya Bank	3.10	93%	7%
27	Punjab National Bank	0.14	99%	1%
28	Axis Bank Limited	13.84	98%	2%
29	HDFC Bank	22.25	98%	2%
30	IDBI Bank	2.80	98%	2%
31	Dombivli Nagari Sahakari Bank	0.00	71%	29%
32	Fino Payment Bank	0.00	98%	2%
33	Central Bank of India	0.08	96%	4%
34	State Bank of India	11.21	78%	22%
35	Bandhan Bank	0.00	0	0
36	Syndicate Bank	0.00	0%	0%
37	Punjab Maharashtra Bank	0.00	0%	0%

NETC FASTag - Acquirer Banks (Oct'23)
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	DECLINED
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	BD %	TD %
1	IDFC Bank	128.45	99.94%	0.05%	0.01%
2	ICICI Bank	95.09	99.82%	0.18%	0.00%
3	Paytm Payments Bank	47.06	99.96%	0.04%	0.00%
4	Axis Bank	13.44	99.90%	0.08%	0.01%
5	Yes Bank	11.10	99.76%	0.24%	0.00%
6	HDFC Bank	10.22	99.97%	0.03%	0.01%
7	IDBI Bank	6.29	99.20%	0.79%	0.01%
8	Equitas Small Finance Bank	3.88	99.72%	0.28%	0.00%
9	Airtel Payments Bank	1.54	99.93%	0.07%	0.00%
10	Kotak Mahindra Bank	1.49	99.52%	0.43%	0.05%
11	State Bank of India	1.35	99.51%	0.49%	0.00%
12	KVB Bank	0.17	93.30%	2.05%	4.65%

Glossary

Issuer Bank - The Issuer Bank is a member of NPCI which issues the ETC Tag to vehicle owner for the payment through ETC Tag.
Acquirer Bank - The Acquirer Bank is a member of NPCI who acquires the Toll Plaza to facilitate the acceptance of ETC transaction for the payment through ETC Payment System.
Deemed Approved - Deemed Approved percentage indicates the total percentage of deemed approved cases of the total transactions. When there is no response/ late response from issuer bank, then these transactions are considered as deemed approved.
Business Decline (BD) - Transaction decline due to business rules such as duplicate transactions or Tag ID not associated with issuer Bank etc.
Technical Decline (TD) - Transaction decline due to any technical reason such as bank ID is empty or not in correct format or exception code not in Database or not in correct format etc.

NETC FASTag - Issuer Banks (Sep'23)
Sr. No	Issuer Member Bank	Total Volume (in Mn)	Approved %	Deemed Approved %
1	IDFC First Bank	80.40	97%	3%
2	ICICI Bank	70.81	99%	1%
3	PAYTM Paytments Bank	50.78	100%	0%
4	Kotak Mahindra Bank	15.65	95%	5%
5	HDFC Bank	20.55	91%	9%
6	Airtel Payments Bank	14.47	100%	0%
7	Axis Bank Limited	12.44	92%	8%
8	State Bank of India	9.85	70%	30%
9	IndusInd Bank	5.81	100%	0%
10	Bank Of Baroda	3.42	95%	5%
11	Bandhan Bank	0.00	0%	0%
12	Equitas Small Finance Bank	3.03	99%	1%
13	Karur Vysya Bank	2.97	95%	5%
14	Yes Bank	2.61	100%	0%
15	IDBI Bank	2.54	88%	12%
16	Federal Bank	0.90	98%	2%
17	Union Bank of India	0.67	95%	5%
18	South Indian Bank	0.28	100%	0%
19	Livquik Technology Pvt Ltd	0.63	100%	0%
20	City Union Bank Limited	0.23	98%	2%
21	Indian Bank	0.22	96%	4%
22	Punjab National Bank	0.13	95%	5%
23	Canara Bank	0.13	100%	0%
24	AU Small Finance Bank	0.13	98%	2%
25	Saraswat Bank	0.08	97%	3%
26	Central Bank of India	0.07	73%	27%
27	Karnataka Bank	0.05	98%	2%
28	Bank of Maharashtra	0.04	98%	2%
29	Nagpur Nagarik Sahakari Bank Ltd	0.02	99%	1%
30	Indian Overseas Bank	0.01	97%	3%
31	Jammu and Kashmir Bank	0.00	98%	2%
32	Cosmos Bank	0.00	98%	2%
33	Fino Payment Bank	0.00	74%	26%
34	UCO Bank	0.00	98%	2%
35	Dombivli Nagari Sahakari Bank	0.00	77%	23%
36	Syndicate Bank	0.00	0%	0%
37	Punjab Maharashtra Bank	0.00	0%	0%

NETC FASTag - Acquirer Banks (Sep'23)
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	DECLINED
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	BD %	TD %
1	HDFC Bank	9.91	99.99%	0.00%	0.00%
2	Axis Bank	12.52	99.84%	0.00%	0.00%
3	Airtel Payments Bank	1.47	99.99%	0.00%	0.00%
4	Kotak Mahindra Bank	1.24	99.84%	0.00%	0.00%
5	Equitas Small Finance Bank	3.00	95.69%	0.00%	0.00%
6	IDBI Bank	5.51	99.79%	0.00%	0.00%
7	State Bank of India	1.27	99.92%	0.00%	0.00%
8	Yes Bank	10.32	99.93%	0.00%	0.00%
9	ICICI Bank	89.95	99.74%	0.00%	0.00%
10	IDFC Bank	119.93	99.94%	0.00%	0.00%
11	Paytm Payments Bank	44.15	99.95%	0.00%	0.00%
12	KVB Bank	0.16	99.77%	0.00%	0.00%

Glossary

Issuer Bank - The Issuer Bank is a member of NPCI which issues the ETC Tag to vehicle owner for the payment through ETC Tag.
Acquirer Bank - The Acquirer Bank is a member of NPCI who acquires the Toll Plaza to facilitate the acceptance of ETC transaction for the payment through ETC Payment System.
Deemed Approved - Deemed Approved percentage indicates the total percentage of deemed approved cases of the total transactions. When there is no response/ late response from issuer bank, then these transactions are considered as deemed approved.
Business Decline (BD) - Transaction decline due to business rules such as duplicate transactions or Tag ID not associated with issuer Bank etc.
Technical Decline (TD) - Transaction decline due to any technical reason such as bank ID is empty or not in correct format or exception code not in Database or not in correct format etc.

NETC FASTag - Issuer Banks (Aug'23)
Sr. No	Issuer Member Bank	Total Volume (in Mn)	Approved %	Deemed Approved %
1	PAYTM Paytments Bank	53.07	100%	0%
2	Canara Bank	0.14	100%	0%
3	IndusInd Bank	6.09	100%	0%
4	Yes Bank	2.72	100%	0%
5	Livquik Technology Pvt Ltd	0.6	100%	0%
6	South Indian Bank	0.32	100%	0%
7	Airtel Payments Bank	15.13	100%	0%
8	ICICI Bank	73.26	99%	1%
9	Nagpur Nagarik Sahakari Bank Ltd	0.03	99%	1%
10	Equitas Small Finance Bank	3.17	99%	1%
11	Federal Bank	0.99	98%	2%
12	Karnataka Bank	0.05	98%	2%
13	Jammu and Kashmir Bank	0	98%	2%
14	Cosmos Bank	0	98%	2%
15	AU Small Finance Bank	0.14	98%	2%
16	Bank of Maharashtra	0.04	98%	2%
17	UCO Bank	0	98%	2%
18	City Union Bank Limited	0.24	98%	2%
19	Saraswat Bank	0.09	97%	3%
20	Indian Overseas Bank	0.01	97%	3%
21	IDFC First Bank	82.69	97%	3%
22	Indian Bank	0.21	96%	4%
23	Union Bank of India	0.7	95%	5%
24	Kotak Mahindra Bank	16.57	95%	5%
25	Bank Of Baroda	3.54	95%	5%
26	Karur Vysya Bank	3.11	95%	5%
27	Punjab National Bank	0.14	95%	5%
28	Axis Bank Limited	12.57	92%	8%
29	HDFC Bank	20.61	91%	9%
30	IDBI Bank	2.48	88%	12%
31	Dombivli Nagari Sahakari Bank	0	77%	23%
32	Fino Payment Bank	0	74%	26%
33	Central Bank of India	0.08	73%	27%
34	State Bank of India	9.26	70%	30%
35	Bandhan Bank	0	0%	0%
36	Syndicate Bank	0	0%	0%
37	Punjab Maharashtra Bank	0	0%	0%

NETC FASTag - Acquirer Banks (Aug'23)
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	DECLINED
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	BD %	TD %
1	Airtel Payments Bank	1.54	99.99%	0.01%	0.00%
2	IDFC Bank	122.89	99.96%	0.03%	0.00%
3	Paytm Payments Bank	45.93	99.96%	0.04%	0.00%
4	Yes Bank	10.38	99.93%	0.07%	0.00%
5	HDFC Bank	10.45	99.89%	0.08%	0.02%
6	KVB Bank	0.16	99.77%	0.08%	0.15%
7	ICICI Bank	94.63	99.72%	0.28%	0.00%
8	Equitas Small Finance Bank	1.31	99.57%	0.43%	0.00%
9	Axis Bank	13.07	98.83%	1.13%	0.04%
10	State Bank of India	1.51	98.27%	0.98%	0.76%
11	Kotak Mahindra Bank	1.16	97.16%	2.70%	0.13%
12	IDBI Bank	5.81	96.19%	3.80%	0.01%

Glossary

Issuer Bank - The Issuer Bank is a member of NPCI which issues the ETC Tag to vehicle owner for the payment through ETC Tag.
Acquirer Bank - The Acquirer Bank is a member of NPCI who acquires the Toll Plaza to facilitate the acceptance of ETC transaction for the payment through ETC Payment System.
Deemed Approved - Deemed Approved percentage indicates the total percentage of deemed approved cases of the total transactions. When there is no response/ late response from issuer bank, then these transactions are considered as deemed approved.
Business Decline (BD) - Transaction decline due to business rules such as duplicate transactions or Tag ID not associated with issuer Bank etc.
Technical Decline (TD) - Transaction decline due to any technical reason such as bank ID is empty or not in correct format or exception code not in Database or not in correct format etc.

NETC FASTag - Issuer Banks (Jul'23)
Sr. No	Issuer Member Bank	Total Volume (in Mn)	Approved %	Deemed Approved %
1	IDFC First Bank	78.89	97%	3%
2	ICICI Bank	70.67	99%	1%
3	PAYTM Paytments Bank	51.12	100%	0%
5	HDFC Bank	19.28	91%	9%
4	Kotak Mahindra Bank	16.32	95%	5%
6	Airtel Payments Bank	14.78	100%	0%
7	Axis Bank Limited	11.71	92%	8%
8	State Bank of India	8.21	70%	30%
9	IndusInd Bank	6.08	100%	0%
10	Bank Of Baroda	3.40	95%	5%
12	Equitas Small Finance Bank	3.05	99%	1%
13	Karur Vysya Bank	3.04	95%	5%
14	Yes Bank	2.70	100%	0%
15	IDBI Bank	2.26	88%	12%
16	Federal Bank	0.91	98%	2%
17	Union Bank of India	0.66	95%	5%
19	Livquik Technology Pvt Ltd	0.49	100%	0%
18	South Indian Bank	0.30	100%	0%
20	City Union Bank Limited	0.24	98%	2%
21	Indian Bank	0.21	96%	4%
23	Canara Bank	0.13	100%	0%
22	Punjab National Bank	0.13	95%	5%
24	AU Small Finance Bank	0.13	98%	2%
25	Saraswat Bank	0.08	97%	3%
26	Central Bank of India	0.07	73%	27%
27	Karnataka Bank	0.06	98%	2%
28	Bank of Maharashtra	0.04	98%	2%
29	Nagpur Nagarik Sahakari Bank Ltd	0.03	99%	1%
30	Indian Overseas Bank	0.01	97%	3%
31	Jammu and Kashmir Bank	0.00	98%	2%
32	Cosmos Bank	0.00	98%	2%
33	Fino Payment Bank	0.00	74%	26%
34	UCO Bank	0.00	98%	2%
35	Dombivli Nagari Sahakari Bank	0.00	77%	23%
11	Bandhan Bank	0.00	0%	0%
36	Syndicate Bank	0.00	0%	0%
37	Punjab Maharashtra Bank	0.00	0%	0%

NETC FASTag - Acquirer Banks (Jul'23)
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	DECLINED
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	BD %	TD %
1	Airtel Payments Bank	1.78	99.97%	0.03%	0.00%
2	Axis Bank	12.59	97.15%	2.77%	0.07%
3	Equitas Small Finance Bank	0.24	99.60%	0.40%	0.00%
4	HDFC Bank	9.68	99.90%	0.05%	0.05%
5	ICICI Bank	91.24	99.70%	0.30%	0.00%
6	IDBI Bank	5.24	99.23%	0.75%	0.01%
7	IDFC Bank	119.16	99.91%	0.09%	0.00%
8	Kotak Mahindra Bank	0.95	98.82%	1.03%	0.15%
9	KVB Bank	0.16	99.59%	0.08%	0.33%
10	Paytm Payments Bank	43.71	99.98%	0.02%	0.00%
11	State Bank of India	1.38	99.30%	0.48%	0.23%
12	Yes Bank	9.71	99.96%	0.04%	0.00%

Glossary

Issuer Bank - The Issuer Bank is a member of NPCI which issues the ETC Tag to vehicle owner for the payment through ETC Tag.
Acquirer Bank - The Acquirer Bank is a member of NPCI who acquires the Toll Plaza to facilitate the acceptance of ETC transaction for the payment through ETC Payment System.
Deemed Approved - Deemed Approved percentage indicates the total percentage of deemed approved cases of the total transactions. When there is no response/ late response from issuer bank, then these transactions are considered as deemed approved.
Business Decline (BD) - Transaction decline due to business rules such as duplicate transactions or Tag ID not associated with issuer Bank etc.
Technical Decline (TD) - Transaction decline due to any technical reason such as bank ID is empty or not in correct format or exception code not in Database or not in correct format etc.

NETC FASTag - Issuer Banks (Jun'23)
Sr. No	Issuer Member Bank	Total Volume (in Mn)	Approved %	Deemed Approved %
1	IDFC First Bank	83.24	96%	4%
2	ICICI Bank	74.36	99%	1%
3	PAYTM Paytments Bank	58.13	99%	1%
5	HDFC Bank	20.03	83%	17%
4	Kotak Mahindra Bank	18.24	94%	6%
6	Airtel Payments Bank	16.62	76%	24%
7	Axis Bank Limited	11.92	98%	2%
8	State Bank of India	8.16	80%	20%
9	IndusInd Bank	6.85	99%	1%
10	Bank Of Baroda	3.67	95%	5%
12	Equitas Small Finance Bank	3.06	98%	2%
13	Karur Vysya Bank	3.09	95%	5%
14	Yes Bank	2.75	99%	1%
15	IDBI Bank	2.4	91%	9%
16	Federal Bank	0.94	94%	6%
17	Union Bank of India	0.7	97%	3%
19	Livquik Technology Pvt Ltd	0.44	100%	0%
18	South Indian Bank	0.3	98%	2%
20	City Union Bank Limited	0.24	99%	1%
21	Indian Bank	0.19	99%	1%
22	Punjab National Bank	0.15	98%	2%
23	Canara Bank	0.15	100%	0%
24	AU Small Finance Bank	0.15	98%	2%
25	Saraswat Bank	0.09	97%	3%
26	Central Bank of India	0.08	78%	22%
27	Karnataka Bank	0.06	98%	2%
28	Bank of Maharashtra	0.04	97%	3%
29	Nagpur Nagarik Sahakari Bank Ltd	0.03	98%	2%
30	Indian Overseas Bank	0.01	96%	4%
31	Jammu and Kashmir Bank	0	98%	2%
32	Cosmos Bank	0	97%	3%
32	Fino Payment Bank	0	51%	49%
32	UCO Bank	0	99%	1%
32	Dombivli Nagari Sahakari Bank	0	88%	12%
32	Bandhan Bank	0	0%	0%
32	Syndicate Bank	0	0%	0%
32	Punjab Maharashtra Bank	0	0%	0%

NETC FASTag - Acquirer Banks (Jun'23)
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	DECLINED
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	BD %	TD %
1	IDFC Bank	129.25	99.73%	0.27%	0.00%
2	ICICI Bank	97.03	99.77%	0.23%	0.00%
3	Paytm Payments Bank	46	99.98%	0.02%	0.00%
4	Axis Bank	15.75	86.92%	13.04%	0.04%
5	Yes Bank	11.36	90.83%	9.17%	0.00%
6	HDFC Bank	8.9	99.53%	0.35%	0.12%
7	IDBI Bank	6.34	99.81%	0.18%	0.02%
8	Airtel Payments Bank	2.4	99.93%	0.07%	0.00%
9	State Bank of India	1.52	96.14%	3.86%	0.01%
10	Kotak Mahindra Bank	0.97	99.81%	0.08%	0.12%
11	Equitas Small Finance Bank	0.22	99.55%	0.45%	0.00%
12	KVB Bank	0.19	93.06%	0.47%	6.47%

Glossary

Issuer Bank - The Issuer Bank is a member of NPCI which issues the ETC Tag to vehicle owner for the payment through ETC Tag.
Acquirer Bank - The Acquirer Bank is a member of NPCI who acquires the Toll Plaza to facilitate the acceptance of ETC transaction for the payment through ETC Payment System.
Deemed Approved - Deemed Approved percentage indicates the total percentage of deemed approved cases of the total transactions. When there is no response/ late response from issuer bank, then these transactions are considered as deemed approved.
Business Decline (BD) - Transaction decline due to business rules such as duplicate transactions or Tag ID not associated with issuer Bank etc.
Technical Decline (TD) - Transaction decline due to any technical reason such as bank ID is empty or not in correct format or exception code not in Database or not in correct format etc.

NETC FASTag - Issuer Banks (Apr'23)
Sr. No	Issuer Member Bank	Total Volume (in Mn)	Approved %	Deemed Approved %
1	IDFC Bank	81.67	98.03%	1.97%
2	ICICI Bank	72.57	98.86%	1.14%
3	PAYTM Bank	55.81	99.92%	0.08%
4	Kotak Bank	18.08	96.45%	3.55%
5	HDFC Bank	17.98	94.07%	5.93%
6	Airtel Payments Bank	15.83	75.44%	24.56%
7	Axis Bank Ltd	11.27	98.75%	1.25%
8	State Bank of India	7.07	97.08%	2.92%
9	IndusInd Bank	6.60	97.80%	2.20%
10	Bank Of Baroda	3.50	99.36%	0.64%
11	EQUITAS SMALL FINANCE BANK	3.10	99.24%	0.76%
12	Karur Vysya Bank	3.07	93.85%	6.15%
13	Yes Bank	2.92	99.75%	0.25%
14	IDBI Bank	2.05	94.61%	5.39%
15	Federal Bank	1.01	96.98%	3.02%
16	Union Bank of India	0.68	97.77%	2.23%
17	South Indian Bank	0.33	98.88%	1.12%
18	Livquik Technology Pvt Ltd	0.29	99.75%	0.25%
19	City Union Bank Limited	0.24	97.28%	2.72%
20	Indian Bank	0.18	96.71%	3.29%
21	Punjab National Bank	0.15	98.40%	1.60%
22	Canara Bank	0.15	99.69%	0.31%
23	AU Small Finance Bank	0.14	97.81%	2.19%
24	Saraswat Bank	0.10	97.96%	2.04%
25	Central Bank of India	0.08	89.55%	10.45%
26	Karnataka Bank	0.05	69.86%	30.14%
27	Bank of Maharashtra	0.04	98.30%	1.70%
28	Nagpur Nagarik Sahakari Bank Ltd	0.03	98.48%	1.52%
29	Indian Overseas Bank	0.01	96.98%	3.02%
30	Jammu and Kashmir Bank	0.00	94.06%	5.94%
31	Cosmos Bank	0.00	93.00%	7.00%
32	Fino Payment Bank	0.00	92.32%	7.68%
33	UCO Bank	0.00	98.20%	1.80%
34	Dombivli Nagari Sahakari Bank	0.00	78.88%	21.12%
35	Syndicate Bank	0.00	0.00%	100.00%
36	Punjab Maharashtra Bank	0.00	0.00%	0.00%

NETC FASTag - Acquirer Banks (Apr'23)
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	DECLINED
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	BD %	TD %
1	IDFC Bank	122.55	99.39%	0.61%	0.00%
2	ICICI Bank	93.83	99.85%	0.15%	0.00%
3	Paytm Payments Bank	45.76	99.99%	0.01%	0.00%
4	Axis Bank	15.88	83.24%	16.76%	0.00%
5	Yes Bank	10.78	94.99%	5.01%	0.00%
6	HDFC Bank	8.83	99.58%	0.39%	0.03%
7	IDBI Bank	5.83	99.94%	0.05%	0.01%
8	Airtel Payments Bank	2.40	98.53%	1.47%	0.00%
9	State Bank of India	2.40	80.53%	19.47%	0.00%
10	Kotak Mahindra Bank	1.04	99.67%	0.10%	0.23%
11	Equitas Small Finance Bank	0.20	99.36%	0.64%	0.00%
12	KVB Bank	0.16	98.58%	1.17%	0.25%

Glossary

Issuer Bank - The Issuer Bank is a member of NPCI which issues the ETC Tag to vehicle owner for the payment through ETC Tag.
Acquirer Bank - The Acquirer Bank is a member of NPCI who acquires the Toll Plaza to facilitate the acceptance of ETC transaction for the payment through ETC Payment System.
Deemed Approved - Deemed Approved percentage indicates the total percentage of deemed approved cases of the total transactions. When there is no response/ late response from issuer bank, then these transactions are considered as deemed approved.
Business Decline (BD) - Transaction decline due to business rules such as duplicate transactions or Tag ID not associated with issuer Bank etc.
Technical Decline (TD) - Transaction decline due to any technical reason such as bank ID is empty or not in correct format or exception code not in Database or not in correct format etc.

NETC FASTag - Issuer Banks (Mar'23)
Sr. No	Issuer Member Bank	Total Volume (in Mn)	Approved %	Deemed Approved %
1	IDFC Bank	81.89	99.13%	0.87%
2	ICICI Bank	74.17	98.74%	1.26%
3	PAYTM Bank	56.01	99.50%	0.50%
4	Kotak Bank	18.74	94.81%	5.19%
5	HDFC Bank	17.01	97.52%	2.48%
6	Airtel Payments Bank	15.81	74.87%	25.13%
7	Axis Bank Ltd	11.09	98.65%	1.35%
8	IndusInd Bank	7.01	98.04%	1.96%
9	State Bank of India	6.69	96.19%	3.81%
10	Bank Of Baroda	3.42	98.97%	1.03%
11	Karur Vysya Bank	3.15	93.95%	6.05%
12	Yes Bank	3.09	99.49%	0.51%
13	EQUITAS SMALL FINANCE BANK	3.01	99.05%	0.95%
14	IDBI Bank	1.91	92.37%	7.63%
15	Federal Bank	0.90	96.48%	3.52%
16	Union Bank of India	0.69	98.10%	1.90%
17	South Indian Bank	0.31	99.84%	0.16%
18	City Union Bank Limited	0.24	98.44%	1.56%
19	Livquik Technology Pvt Ltd	0.22	99.75%	0.25%
20	Indian Bank	0.19	97.42%	2.58%
21	Punjab National Bank	0.15	96.06%	3.94%
22	Canara Bank	0.14	99.57%	0.43%
23	AU Small Finance Bank	0.14	98.07%	1.93%
24	Saraswat Bank	0.09	97.96%	2.04%
25	Central Bank of India	0.08	91.57%	8.43%
26	Karnataka Bank	0.05	72.60%	27.40%
27	Bank of Maharashtra	0.04	98.42%	1.58%
28	Nagpur Nagarik Sahakari Bank Ltd	0.03	98.64%	1.36%
29	Indian Overseas Bank	0.00	96.89%	3.11%
30	Jammu and Kashmir Bank	0.00	92.48%	7.52%
31	Cosmos Bank	0.00	96.98%	3.02%
32	Fino Payment Bank	0.00	95.22%	4.78%
33	UCO Bank	0.00	98.42%	1.58%
34	Dombivli Nagari Sahakari Bank	0.00	78.02%	21.98%
35	Syndicate Bank	0.00	0.00%	100.00%
36	Punjab Maharashtra Bank	0.00	0.00%	0.00%

NETC FASTag - Acquirer Banks (Mar'23)
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	DECLINED
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	BD %	TD %
1	IDFC Bank	122.74	99.86%	0.11%	0.04%
2	ICICI Bank	93.93	98.92%	0.66%	0.42%
3	Paytm Payments Bank	46.36	99.97%	0.02%	0.01%
4	Axis Bank	16.15	82.40%	17.52%	0.08%
5	Yes Bank	11.40	91.47%	8.48%	0.05%
6	HDFC Bank	8.66	98.95%	0.92%	0.12%
7	IDBI Bank	5.73	99.84%	0.12%	0.04%
8	State Bank of India	3.99	80.51%	19.40%	0.10%
9	Airtel Payments Bank	2.35	99.82%	0.13%	0.06%
10	Kotak Mahindra Bank	0.52	99.61%	0.31%	0.08%
11	Equitas Small Finance Bank	0.25	74.95%	24.99%	0.06%
12	KVB Bank	0.17	99.71%	0.04%	0.25%

Glossary

Issuer Bank - The Issuer Bank is a member of NPCI which issues the ETC Tag to vehicle owner for the payment through ETC Tag.
Acquirer Bank - The Acquirer Bank is a member of NPCI who acquires the Toll Plaza to facilitate the acceptance of ETC transaction for the payment through ETC Payment System.
Deemed Approved - Deemed Approved percentage indicates the total percentage of deemed approved cases of the total transactions. When there is no response/ late response from issuer bank, then these transactions are considered as deemed approved.
Business Decline (BD) - Transaction decline due to business rules such as duplicate transactions or Tag ID not associated with issuer Bank etc.
Technical Decline (TD) - Transaction decline due to any technical reason such as bank ID is empty or not in correct format or exception code not in Database or not in correct format etc.

NETC FASTag - Issuer Banks (Feb'23)
Sr. No	Issuer Member Bank	Total Volume (in Mn)	Approved %	Deemed Approved %
1	IDFC First Bank	74.77	98.83%	1.17%
2	ICICI Bank	69.42	97.41%	2.59%
3	PAYTM Bank	54.94	99.60%	0.40%
4	Kotak Bank	18.08	94.40%	5.60%
5	HDFC Bank	15.71	91.28%	8.72%
6	Airtel Payments Bank	15.35	41.78%	58.22%
7	Axis Bank Limited	10.00	97.73%	2.27%
8	IndusInd Bank	7.22	95.90%	4.10%
9	State Bank of India	6.05	93.79%	6.21%
10	Bank Of Baroda	3.31	98.98%	1.02%
11	Karur Vysya Bank	2.90	94.17%	5.83%
12	EQUITAS SMALL FINANCE BANK	2.82	98.20%	1.80%
13	Yes Bank	2.91	99.58%	0.42%
14	IDBI Bank	1.88	96.94%	3.06%
15	Federal Bank	0.84	98.57%	1.43%
16	Union Bank of India	0.64	96.96%	3.04%
17	South Indian Bank	0.30	98.84%	1.16%
18	City Union Bank Limited	0.23	97.01%	2.99%
19	Indian Bank	0.17	96.47%	3.53%
20	Punjab National Bank	0.15	80.47%	19.53%
21	Canara Bank	0.14	98.84%	1.16%
22	AU Small Finance Bank	0.14	97.17%	2.83%
23	Saraswat Bank	0.09	97.95%	2.05%
24	Central Bank of India	0.08	92.53%	7.47%
25	Karnataka Bank	0.05	65.51%	34.49%
26	Bank of Maharashtra	0.04	98.47%	1.53%
27	Nagpur Nagarik Sahakari Bank Ltd	0.03	93.72%	6.28%
28	Fino Payment Bank	0.00	92.92%	7.08%

NETC FASTag - Acquirer Banks (Feb'23)
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	DECLINED
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	BD %	TD %
1	IDFC Bank	115.80	99.87%	0.12%	0.01%
2	ICICI Bank	88.05	99.06%	0.53%	0.41%
3	Paytm Payments Bank	44.62	99.78%	0.21%	0.00%
4	Axis Bank	15.07	83.90%	16.08%	0.02%
5	Yes Bank	10.45	95.94%	4.05%	0.01%
6	HDFC Bank	8.78	91.44%	0.44%	8.13%
7	IDBI Bank	5.70	96.90%	3.08%	0.02%
8	State Bank of India	3.63	83.49%	16.49%	0.02%
9	Airtel Payments Bank	1.57	99.91%	0.08%	0.01%
10	KVB Bank	0.17	99.37%	0.57%	0.06%
11	Equitas Small Finance Bank	0.02	83.16%	16.78%	0.06%
12	Kotak Mahindra Bank	0.00	0.00%	55.56%	44.44%

Glossary

Issuer Bank - The Issuer Bank is a member of NPCI which issues the ETC Tag to vehicle owner for the payment through ETC Tag.
Acquirer Bank - The Acquirer Bank is a member of NPCI who acquires the Toll Plaza to facilitate the acceptance of ETC transaction for the payment through ETC Payment System.
Deemed Approved - Deemed Approved percentage indicates the total percentage of deemed approved cases of the total transactions. When there is no response/ late response from issuer bank, then these transactions are considered as deemed approved.
Business Decline (BD) - Transaction decline due to business rules such as duplicate transactions or Tag ID not associated with issuer Bank etc.
Technical Decline (TD) - Transaction decline due to any technical reason such as bank ID is empty or not in correct format or exception code not in Database or not in correct format etc.

NETC FASTag - Issuer Banks (Jan'23)
Sr. No	Issuer Member Bank	Total Volume (in Mn)	Approved %	Deemed Approved %
1	IDFC Bank	76.36	98.74%	1.26%
2	ICICI Bank	72.89	96.52%	3.48%
3	PAYTM Bank	58.34	99.54%	0.46%
4	Kotak Bank	18.53	94.81%	5.19%
5	HDFC Bank	16.03	97.04%	2.96%
6	Airtel Payments Bank	15.90	37.96%	62.04%
7	Axis Bank Ltd	10.51	98.08%	1.92%
8	IndusInd Bank	7.73	96.09%	3.91%
9	State Bank of India	6.41	92.69%	7.31%
10	Bank Of Baroda	3.51	98.49%	1.51%
11	Karur Vysya Bank	3.24	94.44%	5.56%
12	EQUITAS SMALL FINANCE BANK	3.17	96.62%	3.38%
13	Yes Bank	3.00	96.27%	3.73%
14	IDBI Bank	2.00	97.95%	2.05%
15	Federal Bank	0.96	98.41%	1.59%
16	Union Bank of India	0.69	98.41%	1.59%
17	South Indian Bank	0.35	96.56%	3.44%
18	City Union Bank Limited	0.26	98.67%	1.33%
19	Indian Bank	0.17	98.12%	1.88%
20	Punjab National Bank	0.16	67.44%	32.56%
21	Canara Bank	0.16	99.48%	0.52%
22	AU Small Finance Bank	0.14	98.31%	1.69%
23	Saraswat Bank	0.10	98.07%	1.93%
24	Central Bank of India	0.08	76.53%	23.47%
25	Karnataka Bank	0.05	67.92%	32.08%
26	Bank of Maharashtra	0.04	30.49%	69.51%
27	Nagpur Nagarik Sahakari Bank Ltd	0.03	98.94%	1.06%
28	Fino Payment Bank	0.00	93.78%	6.22%

NETC FASTag - Acquirer Banks (Jan'23)
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	DECLINED
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	BD %	TD %
1	IDFC Bank	119.37	99.76%	0.24%	0.44%
2	ICICI Bank	159.80	98.86%	0.70%	0.44%
3	Paytm Payments Bank	47.71	99.96%	0.03%	0.00%
4	Axis Bank	14.83	86.68%	13.31%	0.00%
5	Yes Bank	0.03	99.95%	0.05%	0.00%
6	HDFC Bank	8.75	98.30%	1.68%	0.44%
7	IDBI Bank	5.55	99.97%	0.02%	0.44%
8	State Bank of India	4.90	68.53%	31.47%	0.00%
9	Airtel Payments Bank	1.47	99.91%	0.09%	0.00%
10	KVB Bank	0.18	98.45%	1.55%	0.01%
11	Equitas Small Finance Bank	0.00	0.00%	0.00%	0.00%

Glossary

Issuer Bank - The Issuer Bank is a member of NPCI which issues the ETC Tag to vehicle owner for the payment through ETC Tag.
Acquirer Bank - The Acquirer Bank is a member of NPCI who acquires the Toll Plaza to facilitate the acceptance of ETC transaction for the payment through ETC Payment System.
Deemed Approved - Deemed Approved percentage indicates the total percentage of deemed approved cases of the total transactions. When there is no response/ late response from issuer bank, then these transactions are considered as deemed approved.
Business Decline (BD) - Transaction decline due to business rules such as duplicate transactions or Tag ID not associated with issuer Bank etc.
Technical Decline (TD) - Transaction decline due to any technical reason such as bank ID is empty or not in correct format or exception code not in Database or not in correct format etc.

NETC FASTag - Issuer Banks (Dec'22)
Sr. No	Issuer Member Bank	Total Volume (in Mn)	Approved %	Deemed Approved %
1	IDFC Bank	71.86	98.48%	1.52%
2	ICICI Bank	70.48	98.09%	1.91%
3	PAYTM Bank	57.13	96.62%	3.38%
4	Kotak Bank	16.63	95.86%	4.14%
5	Airtel Payments Bank	15.03	57.01%	42.99%
6	HDFC Bank	13.82	97.55%	2.45%
7	Axis Bank Ltd	9.94	93.15%	6.85%
8	IndusInd Bank	7.60	96.38%	3.62%
9	State Bank of India	6.12	95.03%	4.97%
10	Bank Of Baroda	3.26	98.33%	1.67%
11	Karur Vysya Bank	3.08	93.22%	6.78%
12	Yes Bank	2.88	99.66%	0.34%
13	Equitas Small Finance Bank	2.83	97.78%	2.22%
14	IDBI Bank	1.99	94.76%	5.24%
15	Federal Bank	0.91	93.59%	6.41%
16	Union Bank of India	0.62	97.24%	2.76%
17	South Indian Bank	0.32	98.70%	1.30%
18	City Union Bank Limited	0.23	97.06%	2.94%
19	Punjab National Bank	0.16	80.17%	19.83%
20	Canara Bank	0.15	99.43%	0.57%
21	Indian Bank	0.14	91.15%	8.85%
22	AU Small Finance Bank	0.13	97.14%	2.86%
23	Saraswat Bank	0.10	98.25%	1.75%
24	Central Bank of India	0.07	93.42%	6.58%
25	Karnataka Bank	0.04	65.13%	34.87%
26	Bank of Maharashtra	0.04	4.30%	95.70%
27	Nagpur Nagarik Sahakari Bank Ltd	0.03	98.81%	1.19%
28	Fino Payment Bank	0.00	95.62%	4.38%

NETC FASTag - Acquirer Banks (Dec'22)
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	DECLINED
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	BD %	TD %
1	IDFC Bank	114.76	99.54%	0.41%	0.05%
2	ICICI Bank	87.11	99.19%	0.55%	0.26%
3	Paytm Payments Bank	47.90	99.97%	0.02%	0.05%
4	Axis Bank	15.03	84.86%	14.80%	0.34%
5	Yes Bank	7.66	98.73%	1.22%	0.05%
6	HDFC Bank	6.83	99.52%	0.21%	0.29%
7	IDBI Bank	5.38	99.36%	0.57%	0.29%
8	State Bank of India	3.16	97.63%	1.95%	0.10%
9	Airtel Payments Bank	1.40	99.67%	0.28%	0.04%
10	KVB Bank	0.17	99.75%	0.15%	0.07%
11	Equitas Small Finance Bank	0.00	0.00%	100.00%	0.00%

Glossary

Issuer Bank - The Issuer Bank is a member of NPCI which issues the ETC Tag to vehicle owner for the payment through ETC Tag.
Acquirer Bank - The Acquirer Bank is a member of NPCI who acquires the Toll Plaza to facilitate the acceptance of ETC transaction for the payment through ETC Payment System.
Deemed Approved - Deemed Approved percentage indicates the total percentage of deemed approved cases of the total transactions. When there is no response/ late response from issuer bank, then these transactions are considered as deemed approved.
Business Decline (BD) - Transaction decline due to business rules such as duplicate transactions or Tag ID not associated with issuer Bank etc.
Technical Decline (TD) - Transaction decline due to any technical reason such as bank ID is empty or not in correct format or exception code not in Database or not in correct format etc.

NETC FASTag - Issuer Banks (Nov'22)
Sr. No	Issuer Member Bank	Total Volume (in Mn)	Approved %	Deemed Approved %
1	IDFC Bank	71.86	98.48%	1.52%
2	ICICI Bank	70.48	98.09%	1.91%
3	PAYTM Bank	57.13	96.62%	3.38%
4	Kotak Bank	16.63	95.86%	4.14%
5	Airtel Payments Bank	15.03	57.01%	42.99%
6	HDFC Bank	13.82	97.55%	2.45%
7	Axis Bank Ltd	9.94	93.15%	6.85%
8	IndusInd Bank	7.60	96.38%	3.62%
9	State Bank of India	6.12	95.03%	4.97%
10	Bank Of Baroda	3.26	98.33%	1.67%
11	Karur Vysya Bank	3.08	93.22%	6.78%
12	Yes Bank	2.88	99.66%	0.34%
13	Equitas Small Finance Bank	2.83	97.78%	2.22%
14	IDBI Bank	1.99	94.76%	5.24%
15	Federal Bank	0.91	93.59%	6.41%
16	Union Bank of India	0.62	97.24%	2.76%
17	South Indian Bank	0.32	98.70%	1.30%
18	City Union Bank Limited	0.23	97.06%	2.94%
19	Punjab National Bank	0.16	80.17%	19.83%
20	Canara Bank	0.15	99.43%	0.57%
21	Indian Bank	0.14	91.15%	8.85%
22	AU Small Finance Bank	0.13	97.14%	2.86%
23	Saraswat Bank	0.10	98.25%	1.75%
24	Central Bank of India	0.07	93.42%	6.58%
25	Karnataka Bank	0.04	65.13%	34.87%
26	Bank of Maharashtra	0.04	4.30%	95.70%
27	Nagpur Nagarik Sahakari Bank Ltd	0.03	98.81%	1.19%
28	Fino Payment Bank	0.00	95.62%	4.38%

NETC FASTag - Acquirer Banks (Nov'22)
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	DECLINED
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	BD %	TD %
1	IDFC Bank	114.76	99.54%	0.41%	0.05%
2	ICICI Bank	87.11	99.19%	0.55%	0.26%
3	Paytm Payments Bank	47.90	99.97%	0.02%	0.05%
4	Axis Bank	15.03	84.86%	14.80%	0.34%
5	Yes Bank	7.66	98.73%	1.22%	0.05%
6	HDFC Bank	6.83	99.52%	0.21%	0.29%
7	IDBI Bank	5.38	99.36%	0.57%	0.29%
8	State Bank of India	3.16	97.63%	1.95%	0.10%
9	Airtel Payments Bank	1.40	99.67%	0.28%	0.04%
10	KVB Bank	0.17	99.75%	0.15%	0.07%
11	Equitas Small Finance Bank	0.00	0.00%	100.00%	0.00%

Glossary

Issuer Bank - The Issuer Bank is a member of NPCI which issues the ETC Tag to vehicle owner for the payment through ETC Tag.
Acquirer Bank - The Acquirer Bank is a member of NPCI who acquires the Toll Plaza to facilitate the acceptance of ETC transaction for the payment through ETC Payment System.
Deemed Approved - Deemed Approved percentage indicates the total percentage of deemed approved cases of the total transactions. When there is no response/ late response from issuer bank, then these transactions are considered as deemed approved.
Business Decline (BD) - Transaction decline due to business rules such as duplicate transactions or Tag ID not associated with issuer Bank etc.
Technical Decline (TD) - Transaction decline due to any technical reason such as bank ID is empty or not in correct format or exception code not in Database or not in correct format etc.

NETC FASTag - Issuer Banks (Oct'22)
Sr. No	Issuer Member Bank	Total Volume (in Mn)	Approved %	Deemed Approved %
1	ICICI Bank	70.24	96.51%	3.49%
2	IDFC Bank	67.43	99.46%	0.54%
3	PAYTM Bank	58.30	99.68%	0.32%
4	Kotak Bank	15.99	97.76%	2.24%
5	Airtel Payments Bank	15.32	67.64%	32.36%
6	HDFC Bank	13.90	95.26%	4.74%
7	Axis Bank Ltd	10.32	94.92%	5.08%
8	IndusInd Bank	7.60	97.55%	2.45%
9	State Bank of India	6.32	96.37%	3.63%
10	Bank Of Baroda	3.29	98.18%	1.82%
11	Karur Vysya Bank	3.25	95.31%	4.69%
12	EQUITAS SMALL FINANCE BANK	3.10	97.83%	2.17%
13	Yes Bank	2.72	99.87%	0.13%
14	IDBI Bank	2.05	96.37%	3.63%
15	Federal Bank	0.99	97.71%	2.29%
16	Union Bank of India	0.67	96.94%	3.06%
17	South Indian Bank	0.34	99.75%	0.25%
18	City Union Bank Limited	0.25	97.24%	2.76%
19	Punjab National Bank	0.17	95.27%	4.73%
20	Canara Bank	0.17	99.54%	0.46%
21	Indian Bank	0.13	95.08%	4.92%
22	AU Small Finance Bank	0.12	97.38%	2.62%
23	Saraswat Bank	0.10	98.03%	1.97%
24	Central Bank of India	0.08	95.52%	4.48%
25	Bank of Maharashtra	0.04	3.04%	96.96%
26	Karnataka Bank	0.03	50.92%	49.08%
27	Nagpur Nagarik Sahakari Bank Ltd	0.03	98.60%	1.40%
28	Jammu and Kashmir Bank	0.00	95.58%	4.42%
29	Fino Payment Bank	0.00	93.80%	6.20%
30	Indian Overseas Bank	0.00	85.01%	14.99%
31	Cosmos Bank	0.00	98.73%	1.27%
32	UCO Bank	0.00	97.03%	2.97%
33	Thrissur District Cooperative Bank (Kerala Bank)	0.00	94.47%	5.53%
34	Dombivli Nagari Sahakari Bank	0.00	84.80%	15.20%
35	Livquik Technology Pvt Ltd	0.00	42.22%	57.78%
36	Syndicate Bank	0.00	0.00%	100.00%
37	Punjab Maharashtra Bank	0.00	0.00%	0.00%
38	The Jalgaon Peoples Co-op. bank	0.00	0.00%	0.00%

NETC FASTag - Acquirer Banks (Oct'22)
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	DECLINED
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	BD %	TD %
1	IDFC Bank	111.90	99.94%	0.06%	0.00%
2	ICICI Bank	88.14	99.62%	0.25%	0.13%
3	Paytm Payments Bank	46.94	99.99%	0.01%	0.00%
4	Axis Bank	14.83	84.10%	15.90%	0.00%
5	HDFC Bank	7.25	99.73%	0.24%	0.03%
6	IDBI Bank	5.33	99.96%	0.03%	0.01%
7	State Bank of India	5.05	98.78%	1.22%	0.00%
8	Yes Bank	4.86	99.60%	0.35%	0.06%
9	Airtel Payments Bank	1.39	99.17%	0.83%	0.00%
10	KVB Bank	0.16	99.90%	0.10%	0.00%
11	Equitas Small Finance Bank	0.01	56.51%	43.49%	0.00%

Glossary

Issuer Bank - The Issuer Bank is a member of NPCI which issues the ETC Tag to vehicle owner for the payment through ETC Tag.
Acquirer Bank - The Acquirer Bank is a member of NPCI who acquires the Toll Plaza to facilitate the acceptance of ETC transaction for the payment through ETC Payment System.
Deemed Approved - Deemed Approved percentage indicates the total percentage of deemed approved cases of the total transactions. When there is no response/ late response from issuer bank, then these transactions are considered as deemed approved.
Business Decline (BD) - Transaction decline due to business rules such as duplicate transactions or Tag ID not associated with issuer Bank etc.
Technical Decline (TD) - Transaction decline due to any technical reason such as bank ID is empty or not in correct format or exception code not in Database or not in correct format etc.

NETC FASTag - Issuer Banks (Sep'22)
Sr. No	Issuer Member Bank	Total Volume (in Mn)	Approved %	Deemed Approved %
1	ICICI Bank	66.53	97.51%	2.49%
2	IDFC Bank	63.12	97.91%	2.09%
3	PAYTM Bank	51.80	99.33%	0.67%
4	Kotak Bank	13.82	93.81%	6.19%
5	Airtel Payments Bank	13.52	87.79%	12.21%
6	HDFC Bank	12.10	64.62%	35.38%
7	Axis Bank Ltd	9.33	96.50%	3.50%
8	IndusInd Bank	6.79	97.43%	2.57%
9	State Bank of India	5.90	96.09%	3.91%
10	Karur Vysya Bank	3.12	94.42%	5.58%
11	EQUITAS SMALL FINANCE BANK	2.90	95.86%	4.14%
12	Bank Of Baroda	2.87	98.46%	1.54%
13	Yes Bank	2.69	98.92%	1.08%
14	IDBI Bank	1.76	96.46%	3.54%
15	Federal Bank	0.95	97.66%	2.34%
16	Union Bank of India	0.61	97.56%	2.44%
17	South Indian Bank	0.33	90.49%	9.51%
18	City Union Bank Limited	0.25	97.92%	2.08%
19	Canara Bank	0.15	99.29%	0.71%
20	Punjab National Bank	0.14	63.08%	36.92%
21	Indian Bank	0.13	96.57%	3.43%
22	AU Small Finance Bank	0.11	98.33%	1.67%
23	Saraswat Bank	0.09	98.13%	1.87%
24	Central Bank of India	0.07	93.60%	6.40%
25	Bank of Maharashtra	0.03	11.74%	88.26%
26	Nagpur Nagarik Sahakari Bank Ltd	0.03	98.66%	1.34%
27	Karnataka Bank	0.02	51.27%	48.73%
28	Fino Payment Bank	0.00	85.73%	14.27%
29	Jammu and Kashmir Bank	0.00	96.68%	3.32%
30	Indian Overseas Bank	0.00	98.67%	1.33%
31	Cosmos Bank	0.00	97.42%	2.58%
32	UCO Bank	0.00	95.95%	4.05%
33	Thrissur District Cooperative Bank (Kerala Bank)	0.00	92.96%	7.04%
34	Dombivli Nagari Sahakari Bank	0.00	78.84%	21.16%

NETC FASTag - Acquirer Banks (Sep'22)
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	DECLINED
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	BD %	TD %
1	IDFC Bank	104.13	99.79%	0.21%	0.00%
2	ICICI Bank	80.33	99.09%	0.78%	0.13%
3	Paytm Payments Bank	42.87	99.99%	0.01%	0.00%
4	Axis Bank	12.88	88.31%	11.69%	0.00%
5	HDFC Bank	6.81	99.63%	0.33%	0.03%
6	State Bank of India	4.58	96.80%	3.19%	0.00%
7	IDBI Bank	4.51	99.89%	0.10%	0.01%
8	Yes Bank	4.37	99.29%	0.71%	0.00%
9	Airtel Payments Bank	1.20	98.12%	1.88%	0.00%
10	KVB Bank	0.15	99.44%	0.56%	0.00%
11	Equitas Small Finance Bank	0.01	100.00%	0.00%	0.00%

Glossary

Issuer Bank - The Issuer Bank is a member of NPCI which issues the ETC Tag to vehicle owner for the payment through ETC Tag.
Acquirer Bank - The Acquirer Bank is a member of NPCI who acquires the Toll Plaza to facilitate the acceptance of ETC transaction for the payment through ETC Payment System.
Deemed Approved - Deemed Approved percentage indicates the total percentage of deemed approved cases of the total transactions. When there is no response/ late response from issuer bank, then these transactions are considered as deemed approved.
Business Decline (BD) - Transaction decline due to business rules such as duplicate transactions or Tag ID not associated with issuer Bank etc.
Technical Decline (TD) - Transaction decline due to any technical reason such as bank ID is empty or not in correct format or exception code not in Database or not in correct format etc.

NETC FASTag - Issuer Banks (Aug'22)
Sr. No	Issuer Member Bank	Total Volume (in Mn)	Approved %	Deemed Approved %
1	ICICI Bank	69.49	98.57%	1.43%
2	IDFC Bank	63.09	98.91%	1.09%
3	PAYTM Bank	57.07	99.51%	0.49%
4	Airtel Payments Bank	14.59	83.62%	16.38%
5	Kotak Bank	14.38	94.50%	5.50%
6	HDFC Bank	12.74	95.85%	4.15%
7	Axis Bank Ltd	9.83	95.61%	4.39%
8	IndusInd Bank	7.42	98.20%	1.80%
9	State Bank of India	6.29	96.48%	3.52%
10	Karur Vysya Bank	3.32	94.52%	5.48%
11	Bank Of Baroda	3.10	98.72%	1.28%
12	EQUITAS SMALL FINANCE BANK	3.07	95.23%	4.77%
13	Yes Bank	2.56	98.96%	1.04%
14	IDBI Bank	1.97	93.95%	6.05%
15	Federal Bank	0.95	94.28%	5.72%
16	Union Bank of India	0.66	95.33%	4.67%
17	South Indian Bank	0.35	98.65%	1.35%
18	City Union Bank Limited	0.26	96.32%	3.68%
19	Punjab National Bank	0.17	61.47%	38.53%
20	Canara Bank	0.16	99.33%	0.67%
21	Indian Bank	0.13	88.66%	11.34%
22	AU Small Finance Bank	0.12	97.14%	2.86%
23	Saraswat Bank	0.10	97.86%	2.14%
24	Central Bank of India	0.08	95.03%	4.97%
25	Bank of Maharashtra	0.04	33.32%	66.68%
26	Nagpur Nagarik Sahakari Bank Ltd	0.03	97.26%	2.74%
27	Karnataka Bank	0.02	60.61%	39.39%
28	Fino Payment Bank	0.01	92.55%	7.45%

NETC FASTag - Acquirer Banks (Aug'22)
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	DECLINED
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	BD %	TD %
1	IDFC Bank	110.01	99.73%	0.27%	0.00%
2	ICICI Bank	84.20	99.45%	0.48%	0.08%
3	Paytm Payments Bank	43.26	99.99%	0.01%	0.00%
4	Axis Bank	13.57	88.14%	11.83%	0.03%
5	HDFC Bank	7.10	99.20%	0.75%	0.05%
6	State Bank of India	5.80	98.38%	1.62%	0.00%
7	IDBI Bank	5.07	99.94%	0.04%	0.02%
8	Yes Bank	4.16	99.23%	0.77%	0.00%
9	Airtel Payments Bank	1.19	99.61%	0.39%	0.00%
10	KVB Bank	0.15	99.94%	0.06%	0.00%
11	Equitas Small Finance Bank	0.01	99.94%	0.06%	0.00%

Glossary

Issuer Bank - The Issuer Bank is a member of NPCI which issues the ETC Tag to vehicle owner for the payment through ETC Tag.
Acquirer Bank - The Acquirer Bank is a member of NPCI who acquires the Toll Plaza to facilitate the acceptance of ETC transaction for the payment through ETC Payment System.
Deemed Approved - Deemed Approved percentage indicates the total percentage of deemed approved cases of the total transactions. When there is no response/ late response from issuer bank, then these transactions are considered as deemed approved.
Business Decline (BD) - Transaction decline due to business rules such as duplicate transactions or Tag ID not associated with issuer Bank etc.
Technical Decline (TD) - Transaction decline due to any technical reason such as bank ID is empty or not in correct format or exception code not in Database or not in correct format etc.

NETC FASTag - Issuer Banks (Jul'22)
Sr. No	Issuer Member Bank	Total Volume (in Mn)	Approved %	Deemed Approved %
1	ICICI Bank	68.21	97.62%	2.38%
2	IDFC Bank	61.63	98.46%	1.54%
3	PAYTM Bank	55.91	99.48%	0.52%
4	Airtel Payments Bank	14.17	62.59%	37.41%
5	Kotak Bank	13.41	95.39%	4.61%
6	HDFC Bank	12.04	97.48%	2.52%
7	Axis Bank Ltd	9.39	95.80%	4.20%
8	IndusInd Bank	7.39	98.41%	1.59%
9	State Bank of India	6.33	96.46%	3.54%
10	Karur Vysya Bank	3.28	94.55%	5.45%
11	Bank Of Baroda	3.01	99.09%	0.91%
12	EQUITAS SMALL FINANCE BANK	2.99	96.58%	3.42%
13	Yes Bank	2.51	98.24%	1.76%
14	IDBI Bank	1.92	95.65%	4.35%
15	Federal Bank	0.95	97.79%	2.21%
16	Union Bank of India	0.60	98.11%	1.89%
17	South Indian Bank	0.35	98.71%	1.29%
18	City Union Bank Limited	0.25	98.36%	1.64%
19	Punjab National Bank	0.16	59.39%	40.61%
20	Canara Bank	0.16	99.56%	0.44%
21	Indian Bank	0.13	95.19%	4.81%
22	AU Small Finance Bank	0.10	98.24%	1.76%
23	Saraswat Bank	0.09	96.26%	3.74%
24	Central Bank of India	0.07	95.38%	4.62%
25	Bank of Maharashtra	0.03	53.16%	46.84%
26	Nagpur Nagarik Sahakari Bank Ltd	0.03	98.43%	1.57%
27	Karnataka Bank	0.01	54.07%	45.93%
28	Fino Payment Bank	0.01	90.55%	9.45%

NETC FASTag - Acquirer Banks (Jul'22)
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	DECLINED
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	BD %	TD %
1	IDFC Bank	108.00	99.89%	0.11%	0.00%
2	ICICI Bank	81.18	99.72%	0.27%	0.00%
3	Paytm Payments Bank	42.03	99.97%	0.03%	0.00%
4	Axis Bank	13.20	89.02%	10.98%	0.00%
5	HDFC Bank	6.86	99.72%	0.25%	0.03%
6	State Bank of India	6.00	98.44%	1.52%	0.04%
7	IDBI Bank	4.92	99.29%	0.64%	0.07%
8	Yes Bank	3.58	99.85%	0.15%	0.01%
9	Airtel Payments Bank	1.14	99.51%	0.48%	0.00%
10	KVB Bank	0.15	99.49%	0.51%	0.00%
11	Equitas Small Finance Bank	0.04	99.81%	0.00%	0.18%

Glossary

Issuer Bank - The Issuer Bank is a member of NPCI which issues the ETC Tag to vehicle owner for the payment through ETC Tag.
Acquirer Bank - The Acquirer Bank is a member of NPCI who acquires the Toll Plaza to facilitate the acceptance of ETC transaction for the payment through ETC Payment System.
Deemed Approved - Deemed Approved percentage indicates the total percentage of deemed approved cases of the total transactions. When there is no response/ late response from issuer bank, then these transactions are considered as deemed approved.
Business Decline (BD) - Transaction decline due to business rules such as duplicate transactions or Tag ID not associated with issuer Bank etc.
Technical Decline (TD) - Transaction decline due to any technical reason such as bank ID is empty or not in correct format or exception code not in Database or not in correct format etc.

NETC FASTag - Issuer Banks (Jun'22)
Sr. No	Issuer Member Bank	Total Volume (in Mn)	Approved %	Deemed Approved %
1	ICICI Bank	69.95	98.34%	1.66%
2	IDFC Bank	63.09	98.71%	1.29%
3	PAYTM Bank	60.86	98.56%	1.44%
4	Airtel Payments Bank	15.51	5.37%	94.63%
5	Kotak Bank	13.70	96.76%	3.24%
6	HDFC Bank	12.61	97.85%	2.15%
7	Axis Bank Ltd	9.95	92.55%	7.45%
8	IndusInd Bank	8.12	98.26%	1.74%
9	State Bank of India	6.69	93.00%	7.00%
10	Karur Vysya Bank	3.39	95.07%	4.93%
11	Bank Of Baroda	3.24	99.42%	0.58%
12	EQUITAS SMALL FINANCE BANK	3.13	97.58%	2.42%
13	Yes Bank	2.53	97.70%	2.30%
14	IDBI Bank	2.10	93.58%	6.42%
15	Federal Bank	0.94	94.63%	5.37%
16	Union Bank of India	0.64	98.16%	1.84%
17	South Indian Bank	0.35	98.73%	1.27%
18	City Union Bank Limited	0.27	98.33%	1.67%
19	Canara Bank	0.18	99.68%	0.32%
20	Punjab National Bank	0.18	83.28%	16.72%
21	Indian Bank	0.13	97.34%	2.66%
22	AU Small Finance Bank	0.10	93.04%	6.96%
23	Saraswat Bank	0.10	88.55%	11.45%
24	Central Bank of India	0.08	97.26%	2.74%
25	Bank of Maharashtra	0.04	77.15%	22.85%
26	Nagpur Nagarik Sahakari Bank Ltd	0.03	97.20%	2.80%
27	Karnataka Bank	0.01	37.15%	62.85%
28	Fino Payment Bank	0.01	92.55%	7.45%

NETC FASTag - Acquirer Banks (Jun'22)
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	DECLINED
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	BD %	TD %
1	IDFC Bank	112.13	99.78%	0.21%	0.01%
2	ICICI Bank	88.36	99.27%	0.62%	0.12%
3	Paytm Payments Bank	44.71	99.92%	0.07%	0.00%
4	Axis Bank	13.00	87.14%	12.50%	0.37%
5	State Bank of India	8.35	74.31%	25.59%	0.11%
6	HDFC Bank	7.19	97.89%	1.82%	0.29%
7	IDBI Bank	5.61	97.39%	2.54%	0.07%
8	Yes Bank	2.38	99.73%	0.24%	0.03%
9	Airtel Payments Bank	1.13	99.25%	0.73%	0.02%
10	KVB Bank	0.11	98.78%	1.20%	0.02%
11	Equitas Small Finance Bank	0.03	96.68%	3.32%	0.00%

Glossary

Issuer Bank - The Issuer Bank is a member of NPCI which issues the ETC Tag to vehicle owner for the payment through ETC Tag.
Acquirer Bank - The Acquirer Bank is a member of NPCI who acquires the Toll Plaza to facilitate the acceptance of ETC transaction for the payment through ETC Payment System.
Deemed Approved - Deemed Approved percentage indicates the total percentage of deemed approved cases of the total transactions. When there is no response/ late response from issuer bank, then these transactions are considered as deemed approved.
Business Decline (BD) - Transaction decline due to business rules such as duplicate transactions or Tag ID not associated with issuer Bank etc.
Technical Decline (TD) - Transaction decline due to any technical reason such as bank ID is empty or not in correct format or exception code not in Database or not in correct format etc.

NETC FASTag - Issuer Banks (May'22)
Sr. No	Issuer Member Bank	Total Volume (in Mn)	Approved %	Deemed Approved %
1	ICICI Bank	71.44	94.25%	5.75%
2	PAYTM Bank	64.25	98.72%	1.28%
3	IDFC Bank	63.29	98.90%	1.10%
4	Airtel Payments Bank	16.21	6.97%	93.03%
5	Kotak Bank	13.14	95.74%	4.26%
6	HDFC Bank	13.08	97.37%	2.63%
7	Axis Bank Ltd	10.38	92.83%	7.17%
8	IndusInd Bank	8.68	98.28%	1.72%
9	State Bank of India	6.98	94.59%	5.41%
10	Karur Vysya Bank	3.52	95.32%	4.68%
11	Bank Of Baroda	3.41	98.94%	1.06%
12	EQUITAS SMALL FINANCE BANK	3.23	97.75%	2.25%
13	Yes Bank	2.46	97.42%	2.58%
14	IDBI Bank	2.23	96.02%	3.98%
15	Federal Bank	1.03	94.60%	5.40%
16	Union Bank of India	0.44	98.94%	1.06%
17	South Indian Bank	0.39	98.25%	1.75%
18	City Union Bank Limited	0.27	98.09%	1.91%
19	Canara Bank	0.20	99.62%	0.38%
20	Punjab National Bank	0.19	62.34%	37.66%
21	Indian Bank	0.13	98.22%	1.78%
22	Saraswat Bank	0.12	93.52%	6.48%
23	AU Small Finance Bank	0.10	97.30%	2.70%
24	Central Bank of India	0.08	96.47%	3.53%
25	Bank of Maharashtra	0.04	89.04%	10.96%
26	Nagpur Nagarik Sahakari Bank Ltd	0.04	93.38%	6.62%
27	Karnataka Bank	0.01	45.45%	54.55%
28	Fino Payment Bank	0.01	95.75%	4.25%

NETC FASTag - Acquirer Banks (May'22)
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	DECLINED
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	BD %	TD %
1	IDFC Bank	112.60	99.78%	0.21%	0.01%
2	ICICI Bank	91.04	99.43%	0.54%	0.04%
3	Paytm Payments Bank	45.17	99.55%	0.45%	0.00%
4	Axis Bank	15.84	85.31%	14.60%	0.09%
5	State Bank of India	9.56	67.69%	32.27%	0.03%
6	IDBI Bank	7.47	99.65%	0.33%	0.02%
7	HDFC Bank	7.21	93.35%	6.60%	0.06%
8	Yes Bank	2.16	99.48%	0.52%	0.00%
9	Airtel Payments Bank	1.16	95.23%	4.76%	0.01%
10	Equitas Small Finance Bank	0.09	77.18%	22.82%	0.00%
11	KVB Bank	0.05	0.00%	0.00%	0.00%

Glossary

Issuer Bank - The Issuer Bank is a member of NPCI which issues the ETC Tag to vehicle owner for the payment through ETC Tag.
Acquirer Bank - The Acquirer Bank is a member of NPCI who acquires the Toll Plaza to facilitate the acceptance of ETC transaction for the payment through ETC Payment System.
Deemed Approved - Deemed Approved percentage indicates the total percentage of deemed approved cases of the total transactions. When there is no response/ late response from issuer bank, then these transactions are considered as deemed approved.
Business Decline (BD) - Transaction decline due to business rules such as duplicate transactions or Tag ID not associated with issuer Bank etc.
Technical Decline (TD) - Transaction decline due to any technical reason such as bank ID is empty or not in correct format or exception code not in Database or not in correct format etc.

NETC FASTag - Issuer Banks (Apr'22)
Sr. No	Issuer Member Bank	Total Volume (in Mn)	Approved %	Deemed Approved %
1	ICICI Bank	66.55	98.91%	1.09%
2	IDFC Bank	59.97	98.12%	1.88%
3	PAYTM Bank	59.95	99.82%	0.18%
4	Airtel Payments Bank	14.78	8.30%	91.70%
5	HDFC Bank	12.06	96.96%	3.04%
6	Kotak Bank	11.33	94.23%	5.77%
7	Axis Bank Ltd	9.96	90.13%	9.87%
8	IndusInd Bank	8.13	98.52%	1.48%
9	State Bank of India	6.75	96.65%	3.35%
10	Karur Vysya Bank	3.37	95.18%	4.82%
11	Bank Of Baroda	3.10	98.63%	1.37%
12	EQUITAS SMALL FINANCE BANK	3.04	97.89%	2.11%
13	Yes Bank	2.36	96.83%	3.17%
14	IDBI Bank	2.02	95.67%	4.33%
15	Federal Bank	0.94	62.37%	37.63%
16	South Indian Bank	0.37	97.75%	2.25%
17	City Union Bank Limited	0.26	98.38%	1.62%
18	Union Bank of India	0.21	97.73%	2.27%
19	Canara Bank	0.19	99.62%	0.38%
20	Punjab National Bank	0.17	49.77%	50.23%
21	Indian Bank	0.12	97.89%	2.11%
22	Saraswat Bank	0.11	97.38%	2.62%
23	AU Small Finance Bank	0.09	98.75%	1.25%
24	Central Bank of India	0.07	96.76%	3.24%
25	Bank of Maharashtra	0.04	95.62%	4.38%
26	Nagpur Nagarik Sahakari Bank Ltd	0.03	97.69%	2.31%
27	Fino Payment Bank	0.01	94.83%	5.17%
28	Karnataka Bank	0.01	46.05%	53.95%

NETC FASTag - Acquirer Banks (Apr'22)
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	DECLINED
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	BD %	TD %
1	IDFC Bank	105.55	99.89%	0.11%	0.00%
2	ICICI Bank	83.78	99.78%	0.14%	0.09%
3	Paytm Payments Bank	44.52	99.98%	0.02%	0.00%
4	Axis Bank	12.18	91.15%	8.85%	0.00%
5	State Bank of India	8.37	71.23%	28.75%	0.02%
6	IDBI Bank	6.52	97.34%	2.63%	0.03%
7	HDFC Bank	6.39	92.44%	7.42%	0.14%
8	Yes Bank	2.12	99.94%	0.06%	0.00%
9	Airtel Payments Bank	1.80	51.67%	48.33%	0.00%
10	Equitas Small Finance Bank	0.06	99.79%	0.21%	0.00%

Glossary

Issuer Bank - The Issuer Bank is a member of NPCI which issues the ETC Tag to vehicle owner for the payment through ETC Tag.
Acquirer Bank - The Acquirer Bank is a member of NPCI who acquires the Toll Plaza to facilitate the acceptance of ETC transaction for the payment through ETC Payment System.
Deemed Approved - Deemed Approved percentage indicates the total percentage of deemed approved cases of the total transactions. When there is no response/ late response from issuer bank, then these transactions are considered as deemed approved.
Business Decline (BD) - Transaction decline due to business rules such as duplicate transactions or Tag ID not associated with issuer Bank etc.
Technical Decline (TD) - Transaction decline due to any technical reason such as bank ID is empty or not in correct format or exception code not in Database or not in correct format etc.

NETC FASTag - Issuer Banks (Mar'22)
Sr. No	Issuer Member Bank	Total Volume (in Mn)	Approved %	Deemed Approved %
1	ICICI Bank	67.84	94.62%	5.38%
2	PAYTM Bank	61.34	98.96%	1.04%
3	IDFC Bank	60.62	98.65%	1.35%
4	Airtel Payments Bank	15.34	10.70%	89.30%
5	HDFC Bank	12.05	91.36%	8.64%
6	Kotak Bank	11.18	97.23%	2.77%
7	Axis Bank Ltd	9.91	32.11%	67.89%
8	IndusInd Bank	8.53	98.12%	1.88%
9	State Bank of India	7.00	93.21%	6.79%
10	Karur Vysya Bank	3.50	95.15%	4.85%
11	Bank Of Baroda	3.11	98.43%	1.57%
12	EQUITAS SMALL FINANCE BANK	3.09	98.30%	1.70%
13	Yes Bank	2.39	95.85%	4.15%
14	IDBI Bank	1.97	96.49%	3.51%
15	Federal Bank	0.91	60.26%	39.74%
16	South Indian Bank	0.37	98.19%	1.81%
17	City Union Bank Limited	0.26	98.72%	1.28%
18	Canara Bank	0.18	99.59%	0.41%
19	Punjab National Bank	0.17	81.87%	18.13%
20	Union Bank of India	0.16	98.63%	1.37%
21	Indian Bank	0.11	98.31%	1.69%
22	Saraswat Bank	0.10	92.53%	7.47%
23	AU Small Finance Bank	0.08	98.71%	1.29%
24	Central Bank of India	0.07	89.55%	10.45%
25	Nagpur Nagarik Sahakari Bank Ltd	0.04	92.41%	7.59%
26	Bank of Maharashtra	0.04	97.82%	2.18%
27	Fino Payment Bank	0.01	95.55%	4.45%

NETC FASTag - Acquirer Banks (Mar'22)
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	DECLINED
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	BD %	TD %
Sr. No.	Acquirer Name	Total Volume (Mn)	Approved %	BD %	TD %
1	IDFC Bank	108.10	99.68%	0.29%	0.03%
2	ICICI Bank	86.52	99.91%	0.09%	0.00%
3	Paytm Payments Bank	45.24	99.27%	0.73%	0.00%
4	Axis Bank	12.12	92.45%	7.55%	0.00%
5	State Bank of India	7.32	80.84%	19.12%	0.03%
6	HDFC Bank	6.53	94.67%	3.76%	1.57%
7	IDBI Bank	5.72	91.87%	8.10%	0.03%
8	Yes Bank	1.91	99.94%	0.06%	0.00%
9	Airtel Payments Bank	0.96	80.47%	19.51%	0.02%
10	Equitas Small Finance Bank	0.06	99.92%	0.08%	0.00%

Glossary

Issuer Bank - The Issuer Bank is a member of NPCI which issues the ETC Tag to vehicle owner for the payment through ETC Tag.
Acquirer Bank - The Acquirer Bank is a member of NPCI who acquires the Toll Plaza to facilitate the acceptance of ETC transaction for the payment through ETC Payment System.
Deemed Approved - Deemed Approved percentage indicates the total percentage of deemed approved cases of the total transactions. When there is no response/ late response from issuer bank, then these transactions are considered as deemed approved.
Business Decline (BD) - Transaction decline due to business rules such as duplicate transactions or Tag ID not associated with issuer Bank etc.
Technical Decline (TD) - Transaction decline due to any technical reason such as bank ID is empty or not in correct format or exception code not in Database or not in correct format etc.

NETC FASTag - Issuer Banks (Feb'22)
Sr. No	Issuer Member Bank	Total Volume (in Mn)	Approved %	Deemed Approved %
1	ICICI Bank	61.45	97.31%	2.69%
2	PAYTM Bank	56.95	99.01%	0.99%
3	IDFC Bank	51.90	98.35%	1.65%
4	Airtel Payments Bank	14.30	43.33%	56.67%
5	HDFC Bank	10.93	97.27%	2.73%
6	Kotak Bank	9.69	96.74%	3.26%
7	Axis Bank Ltd	8.72	83.99%	16.01%
8	IndusInd Bank	8.35	97.24%	2.76%
9	State Bank of India	6.37	95.20%	4.80%
10	Karur Vysya Bank	3.14	95.38%	4.62%
11	Bank Of Baroda	2.96	97.60%	2.40%
12	EQUITAS SMALL FINANCE BANK	2.83	98.19%	1.81%
13	Yes Bank	2.09	95.32%	4.68%
14	IDBI Bank	1.77	96.25%	3.75%
15	Federal Bank	0.73	80.75%	19.25%
16	South Indian Bank	0.31	97.71%	2.29%
17	City Union Bank Limited	0.24	97.67%	2.33%
18	Canara Bank	0.18	98.18%	1.82%
19	Punjab National Bank	0.17	90.71%	9.29%
20	Union Bank of India	0.15	98.40%	1.60%
21	Saraswat Bank	0.10	93.47%	6.53%
22	Indian Bank	0.09	98.19%	1.81%
23	AU Small Finance Bank	0.07	98.34%	1.66%
24	Central Bank of India	0.07	90.93%	9.07%
25	Nagpur Nagarik Sahakari Bank Ltd	0.04	93.19%	6.81%
26	Bank of Maharashtra	0.03	97.26%	2.74%
27	Fino Payment Bank	0.01	95.62%	4.38%

NETC FASTag - Acquirer Banks (Feb'22)
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	DECLINED
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	BD %	TD %
1	IDFC Bank	98.21	99.67%	0.33%	0.00%
2	ICICI Bank	79.07	99.17%	0.82%	0.01%
3	Paytm Payments Bank	39.69	99.60%	0.40%	0.00%
4	Axis Bank	11.00	90.31%	9.65%	0.04%
5	HDFC Bank	7.06	77.16%	0.16%	22.68%
6	State Bank of India	5.67	95.29%	4.70%	0.01%
7	IDBI Bank	5.30	88.20%	11.79%	0.01%
8	Yes Bank	1.65	99.92%	0.08%	0.00%
9	KVB Bank	0.43	99.04%	0.96%	0.00%
10	Airtel Payments Bank	0.21	99.80%	0.20%	0.00%
11	Equitas Small Finance Bank	0.05	99.94%	0.06%	0.00%

Glossary

Issuer Bank - The Issuer Bank is a member of NPCI which issues the ETC Tag to vehicle owner for the payment through ETC Tag.
Acquirer Bank - The Acquirer Bank is a member of NPCI who acquires the Toll Plaza to facilitate the acceptance of ETC transaction for the payment through ETC Payment System.
Deemed Approved - Deemed Approved percentage indicates the total percentage of deemed approved cases of the total transactions. When there is no response/ late response from issuer bank, then these transactions are considered as deemed approved.
Business Decline (BD) - Transaction decline due to business rules such as duplicate transactions or Tag ID not associated with issuer Bank etc.
Technical Decline (TD) - Transaction decline due to any technical reason such as bank ID is empty or not in correct format or exception code not in Database or not in correct format etc.

NETC FASTag - Issuer Banks (Jan'22)
Sr. No	Issuer Member Bank	Total Volume (in Mn)	Approved %	Deemed Approved %
1	ICICI Bank	59.74	99.08%	0.92%
2	PAYTM Bank	52.19	99.76%	0.24%
3	IDFC Bank	49.42	97.38%	2.62%
4	Airtel Payments Bank	13.46	97.69%	2.31%
5	HDFC Bank	10.06	96.68%	3.32%
6	Kotak Bank	8.63	94.22%	5.78%
7	Axis Bank Ltd	8.46	83.86%	16.14%
8	IndusInd Bank	8.37	98.55%	1.45%
9	State Bank of India	6.41	97.05%	2.95%
10	Karur Vysya Bank	3.04	94.62%	5.38%
11	EQUITAS SMALL FINANCE BANK	2.85	98.66%	1.34%
12	Bank Of Baroda	2.78	98.30%	1.70%
13	Yes Bank	2.04	95.49%	4.51%
14	IDBI Bank	1.54	96.41%	3.59%
15	Federal Bank	0.72	83.42%	16.58%
16	South Indian Bank	0.31	98.45%	1.55%
17	City Union Bank Limited	0.22	96.88%	3.12%
18	Canara Bank	0.16	97.24%	2.76%
19	Punjab National Bank	0.15	64.52%	35.48%
20	Union Bank of India	0.12	98.62%	1.38%
21	Saraswat Bank	0.09	98.56%	1.44%
22	Central Bank of India	0.06	78.53%	21.47%
23	AU Small Finance Bank	0.05	98.78%	1.22%
24	Allahabad Bank	0.05	98.75%	1.25%
25	Nagpur Nagarik Sahakari Bank Ltd	0.04	96.83%	3.17%
26	Bank of Maharashtra	0.03	98.57%	1.43%
27	Fino Payment Bank	0.01	96.17%	3.83%

NETC FASTag - Acquirer Banks (Jan'22)
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	DECLINED
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	BD %	TD %
1	IDFC Bank	94.05	99.51%	0.49%	0.00%
2	ICICI Bank	76.48	99.93%	0.06%	0.00%
3	Paytm Payments Bank	35.96	99.92%	0.08%	0.00%
4	Axis Bank	10.89	88.56%	11.44%	0.00%
5	State Bank of India	6.52	79.95%	20.05%	0.00%
6	HDFC Bank	4.40	98.86%	0.23%	0.91%
7	IDBI Bank	4.26	89.07%	10.92%	0.01%
8	Yes Bank	1.57	99.68%	0.32%	0.00%
9	KVB Bank	0.43	98.30%	1.70%	0.00%
10	Equitas Small Finance Bank	0.07	88.89%	10.98%	0.13%

Glossary

Issuer Bank - The Issuer Bank is a member of NPCI which issues the ETC Tag to vehicle owner for the payment through ETC Tag.
Acquirer Bank - The Acquirer Bank is a member of NPCI who acquires the Toll Plaza to facilitate the acceptance of ETC transaction for the payment through ETC Payment System.
Deemed Approved - Deemed Approved percentage indicates the total percentage of deemed approved cases of the total transactions. When there is no response/ late response from issuer bank, then these transactions are considered as deemed approved.
Business Decline (BD) - Transaction decline due to business rules such as duplicate transactions or Tag ID not associated with issuer Bank etc.
Technical Decline (TD) - Transaction decline due to any technical reason such as bank ID is empty or not in correct format or exception code not in Database or not in correct format etc.

NETC FASTag - Issuer Banks (Dec'21)
Sr. No	Issuer Member Bank	Total Volume (in Mn)	Approved %	Deemed Approved %
1	ICICI Bank	62.99	95.47%	4.53%
2	PAYTM Bank	55.67	99.43%	0.57%
3	IDFC Bank	48.87	98.92%	1.08%
4	Airtel Payments Bank	14.42	74.98%	25.02%
5	HDFC Bank	10.71	97.77%	2.23%
6	IndusInd Bank	9.65	97.91%	2.09%
7	Axis Bank Ltd	9.07	73.96%	26.04%
8	Kotak Bank	8.33	93.18%	6.82%
9	State Bank of India	7.01	94.84%	5.16%
10	Karur Vysya Bank	3.42	96.51%	3.49%
11	EQUITAS SMALL FINANCE BANK	3.24	98.51%	1.49%
12	Bank Of Baroda	3.07	98.09%	1.91%
13	Yes Bank	1.98	97.36%	2.64%
14	IDBI Bank	1.37	92.15%	7.85%
15	Federal Bank	0.84	57.63%	42.37%
16	South Indian Bank	0.36	98.21%	1.79%
17	City Union Bank Limited	0.25	96.76%	3.24%
18	Canara Bank	0.19	97.18%	2.82%
19	Punjab National Bank	0.16	63.19%	36.81%
20	Union Bank of India	0.14	98.30%	1.70%
21	Saraswat Bank	0.11	98.73%	1.27%
22	Central Bank of India	0.06	93.86%	6.14%
23	AU Small Finance Bank	0.04	98.34%	1.66%
24	Nagpur Nagarik Sahakari Bank Ltd	0.04	96.60%	3.40%
25	Bank of Maharashtra	0.04	74.44%	25.56%
26	Allahabad Bank	0.02	95.60%	4.40%
27	Fino Payment Bank	0.01	94.88%	5.12%
Total		242.06

NETC FASTag - Acquirer Banks (Dec'21)
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	DECLINED
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	BD %	TD %
1	IDFC Bank	91.32	99.80%	0.20%	0.00%
2	ICICI Bank	82.52	99.57%	0.42%	0.01%
3	Paytm Payments Bank	42.01	99.90%	0.10%	0.00%
4	Axis Bank	11.69	89.79%	10.21%	0.00%
5	State Bank of India	8.24	75.98%	24.02%	0.00%
6	HDFC Bank	4.25	99.84%	0.12%	0.04%
7	IDBI Bank	4.20	94.24%	5.76%	0.01%
8	Yes Bank	1.75	99.96%	0.04%	0.00%
9	Equitas Small Finance Bank	0.07	88.19%	11.77%	0.04%
10	KVB Bank	0.01	97.74%	2.26%	0.00%

Glossary

Issuer Bank - The Issuer Bank is a member of NPCI which issues the ETC Tag to vehicle owner for the payment through ETC Tag.
Acquirer Bank - The Acquirer Bank is a member of NPCI who acquires the Toll Plaza to facilitate the acceptance of ETC transaction for the payment through ETC Payment System.
Deemed Approved - Deemed Approved percentage indicates the total percentage of deemed approved cases of the total transactions. When there is no response/ late response from issuer bank, then these transactions are considered as deemed approved.
Business Decline (BD) - Transaction decline due to business rules such as duplicate transactions or Tag ID not associated with issuer Bank etc.
Technical Decline (TD) - Transaction decline due to any technical reason such as bank ID is empty or not in correct format or exception code not in Database or not in correct format etc.

NETC FASTag - Issuer Banks (Nov'21)
Sr. No	Issuer Member Bank	Total Volume (in Mn)	Approved %	Deemed Approved %
1	ICICI Bank	56.36	98.88%	1.12%
2	PAYTM Bank	50.37	98.63%	1.37%
3	IDFC Bank	40.49	98.07%	1.93%
4	Airtel Payments Bank	13.17	13.58%	86.42%
5	HDFC Bank	9.41	91.83%	8.17%
6	IndusInd Bank	9.09	97.88%	2.12%
7	Axis Bank Ltd	8.42	75.91%	24.09%
8	Kotak Bank	6.99	96.93%	3.07%
9	State Bank of India	6.44	94.89%	5.11%
10	Karur Vysya Bank	2.99	96.82%	3.18%
11	Bank Of Baroda	2.86	97.88%	2.12%
12	EQUITAS SMALL FINANCE BANK	2.83	97.48%	2.52%
13	Yes Bank	1.63	98.35%	1.65%
14	IDBI Bank	1.06	94.43%	5.57%
15	Federal Bank	0.76	42.97%	57.03%
16	South Indian Bank	0.32	98.06%	1.94%
17	City Union Bank Limited	0.21	96.80%	3.20%
18	Canara Bank	0.17	97.42%	2.58%
19	Punjab National Bank	0.15	93.22%	6.78%
20	Union Bank of India	0.13	97.81%	2.19%
21	Saraswat Bank	0.11	96.88%	3.12%
22	Central Bank of India	0.05	94.69%	5.31%
23	Bank of Maharashtra	0.04	47.31%	52.69%
24	Nagpur Nagarik Sahakari Bank Ltd	0.03	96.42%	3.58%
25	AU Small Finance Bank	0.03	97.96%	2.04%
26	Allahabad Bank	0.02	96.52%	3.48%
27	Fino Payment Bank	0.02	93.26%	6.74%

NETC FASTag - Acquirer Banks (Nov'21)
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	DECLINED
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	BD %	TD %
1	ICICI Bank	73.46	99.81%	0.19%	0.00%
2	IDFC Bank	57.53	99.34%	0.66%	0.00%
3	Paytm Payments Bank	57.30	99.92%	0.08%	0.00%
4	Axis Bank	10.19	93.34%	6.66%	0.00%
5	State Bank of India	8.53	80.91%	19.09%	0.00%
6	HDFC Bank	5.55	98.41%	1.56%	0.04%
7	IDBI Bank	3.32	88.37%	11.62%	0.01%
8	Yes Bank	1.55	99.77%	0.23%	0.00%
9	Equitas Small Finance Bank	0.05	96.30%	3.70%	0.00%

Glossary

Issuer Bank - The Issuer Bank is a member of NPCI which issues the ETC Tag to vehicle owner for the payment through ETC Tag.
Acquirer Bank - The Acquirer Bank is a member of NPCI who acquires the Toll Plaza to facilitate the acceptance of ETC transaction for the payment through ETC Payment System.
Deemed Approved - Deemed Approved percentage indicates the total percentage of deemed approved cases of the total transactions. When there is no response/ late response from issuer bank, then these transactions are considered as deemed approved.
Business Decline (BD) - Transaction decline due to business rules such as duplicate transactions or Tag ID not associated with issuer Bank etc.
Technical Decline (TD) - Transaction decline due to any technical reason such as bank ID is empty or not in correct format or exception code not in Database or not in correct format etc.

NETC FASTag - Issuer Banks (Oct'21)
Sr. No	Issuer Member Bank	Total Volume (in Mn)	Approved %	Deemed Approved %
1	ICICI Bank	59.52	98.72%	1.28%
2	PAYTM Bank	47.55	98.62%	1.38%
3	IDFC Bank	41.15	97.53%	2.47%
4	Airtel Payments Bank	12.63	18.87%	81.13%
5	HDFC Bank	9.24	96.38%	3.62%
6	IndusInd Bank	8.77	96.56%	3.44%
7	Axis Bank Ltd	8.41	73.18%	26.82%
8	State Bank of India	6.87	97.22%	2.78%
9	Kotak Bank	6.35	95.95%	4.05%
10	Karur Vysya Bank	3.30	96.77%	3.23%
11	EQUITAS SMALL FINANCE BANK	3.17	98.51%	1.49%
12	Bank Of Baroda	2.71	98.12%	1.88%
13	Yes Bank	1.73	98.56%	1.44%
14	IDBI Bank	0.81	94.83%	5.17%
15	Federal Bank	0.77	43.88%	56.12%
16	South Indian Bank	0.33	98.08%	1.92%
17	City Union Bank Limited	0.24	97.28%	2.72%
18	Canara Bank	0.18	97.62%	2.38%
19	Punjab National Bank	0.14	98.10%	1.90%
20	Union Bank of India	0.12	97.92%	2.08%
21	Saraswat Bank	0.10	96.01%	3.99%
22	Central Bank of India	0.04	97.57%	2.43%
23	Nagpur Nagarik Sahakari Bank Ltd	0.03	94.24%	5.76%
24	Bank of Maharashtra	0.03	86.86%	13.14%
25	AU Small Finance Bank	0.02	97.65%	2.35%
26	Allahabad Bank	0.02	97.10%	2.90%
27	Fino Payment Bank	0.02	95.15%	4.85%

NETC FASTag - Acquirer Banks (Oct'21)
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	DECLINED
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	BD %	TD %
1	ICICI Bank	73.69	99.88%	0.11%	0.01%
2	Paytm Payments Bank	60.03	99.90%	0.10%	0.00%
3	IDFC Bank	51.75	99.54%	0.46%	0.00%
4	Axis Bank	9.76	96.03%	3.81%	0.16%
5	State Bank of India	9.74	71.14%	28.86%	0.00%
6	HDFC Bank	9.07	99.63%	0.34%	0.02%
7	IDBI Bank	2.44	92.47%	7.52%	0.01%
8	Yes Bank	1.52	98.17%	1.83%	0.01%
9	Equitas Small Finance Bank	0.05	98.30%	1.65%	0.04%

Glossary

Issuer Bank - The Issuer Bank is a member of NPCI which issues the ETC Tag to vehicle owner for the payment through ETC Tag.
Acquirer Bank - The Acquirer Bank is a member of NPCI who acquires the Toll Plaza to facilitate the acceptance of ETC transaction for the payment through ETC Payment System.
Deemed Approved - Deemed Approved percentage indicates the total percentage of deemed approved cases of the total transactions. When there is no response/ late response from issuer bank, then these transactions are considered as deemed approved.
Business Decline (BD) - Transaction decline due to business rules such as duplicate transactions or Tag ID not associated with issuer Bank etc.
Technical Decline (TD) - Transaction decline due to any technical reason such as bank ID is empty or not in correct format or exception code not in Database or not in correct format etc.

NETC FASTag - Issuer Banks (Sep'21)
Sr. No	Issuer Member Bank	Total Volume (in Mn)	Approved %	Deemed Approved %
1	ICICI Bank	54.54	98.60%	1.40%
2	PAYTM Bank	43.10	98.31%	1.69%
3	IDFC Bank	35.94	97.33%	2.67%
4	Airtel Payments Bank	11.76	17.20%	82.80%
5	HDFC Bank	8.12	96.96%	3.04%
6	IndusInd Bank	8.05	96.71%	3.29%
7	Axis Bank Ltd	7.60	68.42%	31.58%
8	State Bank of India	6.55	96.15%	3.85%
9	Kotak Bank	5.33	97.10%	2.90%
10	Karur Vysya Bank	3.18	97.84%	2.16%
11	EQUITAS SMALL FINANCE BANK	3.05	98.59%	1.41%
12	Bank Of Baroda	2.45	98.26%	1.74%
13	Yes Bank	1.51	98.78%	1.22%
14	Federal Bank	0.68	89.07%	10.93%
15	IDBI Bank	0.57	96.00%	4.00%
16	South Indian Bank	0.31	96.48%	3.52%
17	City Union Bank Limited	0.24	96.60%	3.40%
18	Canara Bank	0.16	97.95%	2.05%
19	Punjab National Bank	0.12	97.36%	2.64%
20	Union Bank of India	0.11	97.67%	2.33%
21	Saraswat Bank	0.09	98.44%	1.56%
22	Central Bank of India	0.04	93.57%	6.43%
23	Nagpur Nagarik Sahakari Bank Ltd	0.03	98.17%	1.83%
24	Bank of Maharashtra	0.02	91.05%	8.95%
25	Allahabad Bank	0.02	97.42%	2.58%
26	Fino Payment Bank	0.01	94.08%	5.92%
27	AU Small Finance Bank	0.01	97.55%	2.45%

NETC FASTag - Acquirer Banks (Sep'21)
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	DECLINED
Sr. No	Acquirer Banks	Total Approved Volume (in Mn)	Approved %	BD %	TD %
1	ICICI Bank	68.07	99.81%	0.17%	0.01%
2	Paytm Payments Bank	55.19	98.17%	1.83%	0.00%
3	IDFC Bank	46.83	99.49%	0.51%	0.00%
4	HDFC Bank	8.41	99.95%	0.03%	0.02%
5	State Bank of India	8.38	77.55%	22.45%	0.00%
6	Axis Bank	8.36	93.73%	6.26%	0.00%
7	IDBI Bank	1.94	90.96%	9.03%	0.01%
8	Yes Bank	0.36	99.83%	0.08%	0.08%
9	Equitas Small Finance Bank	0.05	99.13%	0.87%	0.00%

Glossary

Issuer Bank - The Issuer Bank is a member of NPCI responsible for issuing the ETC Tag to vehicle owners for electronic toll payments.
Acquirer Bank - The Acquirer Bank is a member of NPCI that facilitates toll plaza transactions by enabling the acceptance of payments through the ETC Payment System.
Deemed Approved - Deemed Approved percentage indicates the total percentage of transactions considered as deemed approved. When there is no response or a delayed response from the Issuer Bank, these transactions are classified as deemed approved.
Business Decline (BD) - A transaction decline caused by business rules, such as duplicate transactions or when the Tag ID is not associated with the Issuer Bank.
Technical Decline (TD) - A transaction decline due to technical issues, such as an empty or incorrectly formatted bank ID or an exception code that is missing from the database or improperly formatted.

NETC Ecosystem Statistics

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