Public sector banks lead in ATM transactions; private nanks dominate e-com payments
The report revealed that the total value of ATM and CRM transactions in May 2025 stood at ₹2.45 lakh crore, a decline from ₹2.63 lakh crore recorded in March 2025.
The report revealed that the total value of ATM and CRM transactions in May 2025 stood at ₹2.45 lakh crore, a decline from ₹2.63 lakh crore recorded in March 2025.
Aadhaar number holders executed over 211 crore authentication transactions in May, taking the cumulative number of such transactions to more than 15,223 crores since inception, the data from the Ministry of Electronics & IT (MeitY) revealed on Thursday.
In value terms, digital transactions grew 17.3 per cent over the year, largely driven by Real Time Gross Settlement (RTGS) transactions, the report said. The total value of digital payments reached Rs 2,862 lakh crore, up from Rs 2,428.2 lakh crore in the previous fiscal.
The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved an incentive scheme for the promotion of low-value BHIM-UPI transactions with an estimated outlay of Rs 1,500 crore.
Unified Payments Interface (UPI) transactions at retail stores have witnessed a spike of 33%, underscoring the growing adoption of digital payments beyond Tier II regions in the country, a recent report has said.
The transactions in October were the highest numbers for the digital system since it became operational in April 2016.
At a BSE event in Mumbai on Wednesday, a stock broker raised a question to the minister on the amount of taxes levied by the government on stock market transactions and on buying a house.
Almost a year down the line, is Prime Minister Narendra Modi’s dream of making India a cash-less or less-cash country…
