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Analysis of NEFT for the Year 2023

img of Analysis of NEFT for the Year 2023

This dashboard has been created using Power BI. Here the data has been taken from the site of the Reserve Bank of India (URL: https://rbi.org.in/Scripts/NEFTView.aspx).

neft_total_transaction_statistics

In the span from January 2023 to December 2023, the Financial sector has experienced a total Inward NEFT Transaction of INR 374526.7 billion and an Outward NEFT Transaction of INR 373549.5 billion.

neft_credit_debet_in_out_transactions

The first graph displays the top 10 banks, ranked by the number of inward and outward transactions. Axis Bank leads in No of outward transactions which is around INR 1.4 billion, while SBI leads in inward transactions which is around 1.5 billion. The second graph showcases the top 10 banks based on the total amount in transactions. SBI tops in credited NEFT amount at INR 60186.1 billion, and HDFC Bank leads in debited NEFT amount at INR 47553.3 billion.

neft_credit_incount_debet_outcount

The initial graph combines the total debited amount with the count of outward transactions, offering a comprehensive view of financial activity. On the other hand, the second graph harmonizes the total credited amount with the overall number of inward transactions, providing a holistic representation of financial transactions.