SBI’s UPI transaction failure rate highest among peers in FY25; Axis Bank has the lowest, says report

State Bank of India (SBI), India’s largest lender, witnessed the most number of Unified Payments Interface (UPI) transaction failures in fiscal 2025, while Bank of Baroda, HDFC Bank, ICICI Bank and Axis Bank fared much better, an analysis of UPI transaction failures showed, reported Hindu Business Line.

SBI, which is the biggest UPI remitter bank with over 4.95 billion transactions in March alone, had a technical decline (TD) rate of 0.9 per cent, while the second-largest public sector bank, Bank of Baroda, had a technical decline rate of 0.03 per cent.