 "debit card, credit card, online payment")
Auto-debit payment bounces or bounce rates in December 2021 fell to their lowest since the Covid-19 pandemic break-out and were even lower than pre-Covid levels, continuing the trend witnessed since July 2021.
According to the National Automated Clearing House (NACH) data, in December, the bounce rate in volume terms stood at 30 per cent and in value terms 24.4 per cent. Bounce rates in volume and value terms were the lowest since September 2019.
Suresh Ganapathy, associate director, Macquarie Capital, said, “This indicates a good third quarter for banks on the asset quality front as collection efficiency improves further, a continuation of
