PSU Banks continue to lead in ATM transactions, Private banks dominates in digital space: Report

New Delhi [India]26 June (Memorial): While Public Sector Banks (PSBS), ATMs and cash deposit machines (CRMS) continued to dominate in terms of the value of transactions, according to the data of a report made by Private Banks Indus Equity, a strong potential customer continued online transaction value.

The total value of the transactions on the data, ATMs and CRMs in the report La2.45 Lakh Crore in May 2025. In addition, public sector banks constituted 67.52 percent of the total ATM and CRM transaction value.

Small financial banks and others made up to 1.33 percent and 0.79 percent, respectively.

However, compared to March 2025, the total ATM and CRM transaction value La2.63 Lakh Crore decreased in May in May.

In March, public sector banks had a slightly lower 67.03 percent share and private sector banks had a higher share of 30.78 percent. This shows that public sector banks increase their market shares in May and see a small decrease in the share of private banks.

On the other hand, online platforms, especially the value of transactions through e-commerce, has been largely dominated by private sector banks.

Total value of online (e-commerce) transactions in May 2025 La1.32 Lakh Crore. In addition, private sector banks made up almost three quarters of the transaction value, which constitutes a market share of 73.75 percent.

Public sector banks are far behind with a market share of 20.44 percent in online transactions. While foreign banks contributed to 5.31 percent, payable banks and small financial banks are 0.47 percent and 0.02 percent.

Compared to March 2025 data, the total online trading value has fallen slightly La1.43 Lakh Crore La1.32 Lakh Crore in May. The share of private sector banks fell from 75.35 percent to 73.75 percent, but they continued to dominate the segment.

Interestingly, public sector banks increased their market shares in online transactions from 18.84 percent to 20.44 percent in March in March and showed a small improvement in their presence in the field of e-commerce.

In general, the data shows a clear tendency that public sector banks continue to lead in traditional cash-based transactions through ATMs, while private sector banks have a strong position in the growing digital payment market through e-commerce platforms. (MOMENT)