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The State Bank of India (SBI) is the biggest bank by volume of SMSes, with 30 per cent of Truecaller users using it, followed by HDFC at 14 per cent and ICICI at 13 per cent, a new report claimed on Tuesday.
"The data was aggregated anonymously from incoming and outgoing SMS messages to banking services in India during the period of April 1 to September 31 to understand the trends and usage," Truecaller noted.
"We identified the number series that the banks use when confirming transactions with their customers and the volume of SMS they send to Truecaller users. Truecaller does not read the actual content," the company added.
When it comes to Delhi, the top five banks are the same but their percentages are quite different: