TransactIQ · Bank Coverage

Bank coverage across Indian banking

The distribution of Indian borrower bank statements is long-tailed. Private banks are easy; PSU and cooperative banks are where lender accuracy breaks. TransactIQ covers both ends of the tail — and extends coverage continuously based on what early-access lenders actually see in their pipelines.

Coverage by bank category

Representative coverage across five bank categories. Specific format variants within each bank (e.g. HDFC NetBanking vs CMS vs MT940) are handled as distinct parsers inside the OCR engine.

Private sector banks

NetBanking exports, CIB portals, CMS-generated files, and MT940 downloads. Multiple export formats per bank.

HDFC Bank ICICI Bank Axis Bank Kotak Mahindra Bank IndusInd Bank Yes Bank IDFC First Bank RBL Bank Federal Bank South Indian Bank Karnataka Bank City Union Bank

Public sector banks

Branch-issued PDFs, CMP exports, and legacy dot-matrix formats. Often the hardest OCR surface — we benchmark here specifically.

State Bank of India (YONO, CMP, branch PDF) Canara Bank Punjab National Bank Bank of Baroda Union Bank of India Indian Bank Bank of Maharashtra UCO Bank Central Bank of India Indian Overseas Bank Punjab & Sind Bank

Small finance banks

Newer export stacks, often cleaner PDFs. Coverage matters for NBFC-to-SFB borrower cross-reference.

Ujjivan SFB Equitas SFB AU Small Finance Bank ESAF SFB Suryoday SFB Utkarsh SFB Fincare SFB Jana SFB

Co-operative banks

The category that breaks most incumbent vendors. Dozens of formats, regional-language columns, inconsistent date conventions. TransactIQ is engineered for this tail.

State co-operative banks District central co-operatives Urban co-operative banks (TJSB, Saraswat, Cosmos, and similar) Karnataka State Co-operative Apex Bank Maharashtra State Co-operative Bank Tamil Nadu State Apex Co-operative Bank

Payments banks and wallets

Increasingly relevant for current-account verification in thin-file underwriting and MSME cash-flow analysis.

Airtel Payments Bank Paytm Payments Bank India Post Payments Bank Fino Payments Bank Paytm wallet exports PhonePe wallet exports

How new coverage is added

A regional cooperative or a rural branch format shows up in your pipeline and breaks the incumbent vendor. Here is how we extend coverage for it.

Step 1

Sample ingestion

An early-access lender submits five to ten representative statements from a bank or bank category not yet covered, across the statement types they actually receive.

Step 2

Format analysis

TransactIQ engineering characterises the export — column grammar, date convention, narration pattern, running-balance placement, known edge cases like page breaks and carry-forwards.

Step 3

Extension and benchmark

The parser is extended for the new format, benchmarked against a labelled set, and released in the next pipeline update. New bank coverage is available to all tenants on the tier, not the submitting lender alone.

Step 4

Quarterly coverage review

Every quarter, coverage gaps found across the portfolio are prioritised based on lender demand. The roadmap is shared with enterprise-tier partners who influence which banks are next.

More about TransactIQ

Architecture → OCR engine → Analytics → API posture → Security → Deployment →

Need coverage on a specific bank?

If your portfolio requires a bank not shown here, we will add coverage on a defined timeline as part of early-access onboarding.

Request bank coverage extension