diff --git a/core/src/banking_stage.rs b/core/src/banking_stage.rs
index 8df2c23dab..37d501a9f1 100644
--- a/core/src/banking_stage.rs
+++ b/core/src/banking_stage.rs
@@ -422,25 +422,21 @@ impl BankingStage {
         results: &[transaction::Result<()>],
         poh: &Arc<Mutex<PohRecorder>>,
     ) -> (Result<()>, Vec<usize>) {
-        let mut ok_txs = vec![];
         let mut processed_generation = Measure::start("record::process_generation");
-        let processed_transactions: Vec<_> = results
+        let (processed_transactions, processed_transactions_indexes): (Vec<_>, Vec<_>) = results
             .iter()
             .zip(txs.iter())
             .enumerate()
             .filter_map(|(i, (r, x))| {
-                if r.is_ok() {
-                    ok_txs.push(i);
-                }
                 if Bank::can_commit(r) {
-                    Some(x.clone())
+                    Some((x.clone(), i))
                 } else {
                     None
                 }
             })
-            .collect();
-        processed_generation.stop();
+            .unzip();
 
+        processed_generation.stop();
         debug!("processed: {} ", processed_transactions.len());
         // unlock all the accounts with errors which are filtered by the above `filter_map`
         if !processed_transactions.is_empty() {
@@ -463,9 +459,9 @@ impl BankingStage {
             match res {
                 Ok(()) => (),
                 Err(Error::PohRecorderError(PohRecorderError::MaxHeightReached)) => {
-                    // If record errors, return all the ok transactions as retryable, filter out
-                    // all the transactions we know were errors
-                    return (res, ok_txs);
+                    // If record errors, add all the committable transactions (the ones
+                    // we just attempted to record) as retryable
+                    return (res, processed_transactions_indexes);
                 }
                 Err(_) => panic!("Poh recorder returned unexpected error"),
             }
@@ -595,14 +591,10 @@ impl BankingStage {
                 // process_and_record_transactions has returned all retryable errors in
                 // transactions[chunk_start..chunk_end], so we just need to push the remaining
                 // transactions into the unprocessed queue.
-                let range: Vec<usize> = (chunk_end..transactions.len()).collect();
-                unprocessed_txs.extend_from_slice(&range);
-                unprocessed_txs.sort_unstable();
-                unprocessed_txs.dedup();
+                unprocessed_txs.extend(chunk_end..transactions.len());
                 break;
             }
             // Don't exit early on any other type of error, continue processing...
-
             chunk_start = chunk_end;
         }
 
@@ -671,11 +663,15 @@ impl BankingStage {
         Self::filter_transaction_indexes(transactions, &transaction_indexes)
     }
 
-    // This function filters pending transactions that are still valid
-    fn filter_pending_transactions(
+    /// This function filters pending packets that are still valid
+    /// # Arguments
+    /// * `transactions` - a batch of transactions deserialized from packets
+    /// * `transaction_to_packet_indexes` - maps each transaction to a packet index
+    /// * `pending_indexes` - identifies which indexes in the `transactions` list are still pending
+    fn filter_pending_packets_from_pending_txs(
         bank: &Arc<Bank>,
         transactions: &[Transaction],
-        transaction_indexes: &[usize],
+        transaction_to_packet_indexes: &[usize],
         pending_indexes: &[usize],
     ) -> Vec<usize> {
         let filter = Self::prepare_filter_for_pending_transactions(transactions, pending_indexes);
@@ -698,17 +694,17 @@ impl BankingStage {
             &mut error_counters,
         );
 
-        Self::filter_valid_transaction_indexes(&result, transaction_indexes)
+        Self::filter_valid_transaction_indexes(&result, transaction_to_packet_indexes)
     }
 
     fn process_received_packets(
         bank: &Arc<Bank>,
         poh: &Arc<Mutex<PohRecorder>>,
         msgs: &Packets,
-        transaction_indexes: Vec<usize>,
+        packet_indexes: Vec<usize>,
     ) -> (usize, usize, Vec<usize>) {
-        let (transactions, transaction_indexes) =
-            Self::transactions_from_packets(msgs, &transaction_indexes);
+        let (transactions, transaction_to_packet_indexes) =
+            Self::transactions_from_packets(msgs, &packet_indexes);
         debug!(
             "bank: {} filtered transactions {}",
             bank.slot(),
@@ -722,18 +718,18 @@ impl BankingStage {
 
         let unprocessed_tx_count = unprocessed_tx_indexes.len();
 
-        let filtered_unprocessed_tx_indexes = Self::filter_pending_transactions(
+        let filtered_unprocessed_packet_indexes = Self::filter_pending_packets_from_pending_txs(
             bank,
             &transactions,
-            &transaction_indexes,
+            &transaction_to_packet_indexes,
             &unprocessed_tx_indexes,
         );
         inc_new_counter_info!(
             "banking_stage-dropped_tx_before_forwarding",
-            unprocessed_tx_count.saturating_sub(filtered_unprocessed_tx_indexes.len())
+            unprocessed_tx_count.saturating_sub(filtered_unprocessed_packet_indexes.len())
         );
 
-        (processed, tx_len, filtered_unprocessed_tx_indexes)
+        (processed, tx_len, filtered_unprocessed_packet_indexes)
     }
 
     fn filter_unprocessed_packets(
@@ -752,25 +748,25 @@ impl BankingStage {
             }
         }
 
-        let (transactions, transaction_indexes) =
+        let (transactions, transaction_to_packet_indexes) =
             Self::transactions_from_packets(msgs, &transaction_indexes);
 
-        let tx_count = transaction_indexes.len();
+        let tx_count = transaction_to_packet_indexes.len();
 
         let unprocessed_tx_indexes = (0..transactions.len()).collect_vec();
-        let filtered_unprocessed_tx_indexes = Self::filter_pending_transactions(
+        let filtered_unprocessed_packet_indexes = Self::filter_pending_packets_from_pending_txs(
             bank,
             &transactions,
-            &transaction_indexes,
+            &transaction_to_packet_indexes,
             &unprocessed_tx_indexes,
         );
 
         inc_new_counter_info!(
             "banking_stage-dropped_tx_before_forwarding",
-            tx_count.saturating_sub(filtered_unprocessed_tx_indexes.len())
+            tx_count.saturating_sub(filtered_unprocessed_packet_indexes.len())
         );
 
-        filtered_unprocessed_tx_indexes
+        filtered_unprocessed_packet_indexes
     }
 
     fn generate_packet_indexes(vers: Vec<u8>) -> Vec<usize> {