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The Curious Case Of A Higher ‘Bounce Rate’ On Auto Debit Transactions
The ‘bounce rate’ for inter-bank auto debit transactions may be pointing to increased retail loan defaults.
18 Jul 2020, 12:32 PM IST
Auto-debit transactions between different banks, which are used for recurring payments like loans, investments and bill payments, have seen a surge in the ‘bounce rate’, shows data from the National Payment Corporation of India.The ‘bounce rate’ reflects the proportion of auto debits attempted but declined.This higher bounce rate, according to bankers and industry experts BloombergQuint spoke to, suggests weakness in consumer finance...
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