The number of partner banks which were providing Immediate Payment Service amounted to about 777 as of June 2023 . Set up in November 2010, IMPS is a 24-hour, seven day a week service for instant paym
In financial year 2023, private sector banks in India recorded assets worth over 1,016.93 billion U.S. dollars. This was an increase compared to nearly 925 billion dollars in the previous year.