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Detailed explanation-1: -Bank of Baroda on Monday announced that it won the top position in the overall digital transactions amongst large banks for the financial year 2020-21.

Detailed explanation-2: -The top five remitter Banks were State Bank of India, HDFC Bank, Bank of Baroda, Union Bank, and ICICI Bank, whereas the top 5 beneficiary banks were Paytm Payments Bank, YES Bank, State Bank of India, Axis Bank, and ICICI Bank.

Detailed explanation-3: -India, which is driving the global digital economy, has already clocked about 70 billion digital payment transactions in 2022-the highest in the world.

Detailed explanation-4: -Bank of Baroda has announced it has won the #1 position in overall digital transactions amongst large banks for FY20-21. The bank showed the exceptional growth of digital payment transactions achievement and was felicitated by the Ministry of Electronics & Information Technology (MeitY), Govt.