What is ASBA with respect to IPOs?

As of April 1, 2019, there were 66 SCSBs such as HDFC Bank, SBI, ICICI Bank, PNB, Kotak Mahindra Bank, SBI and Axis Bank, among others, which are recognised as being capable of providing ASBA services to customers.

from IPOs/FPOs-Markets-Economic Times https://ift.tt/2x659RM