BusinessAI imagePaytm, SBI, YES, ICICI Bank Shares Rally After Govt Imposes 0.4% MDR on Merchant...
Shares of Paytm, SBI, YES Bank, and ICICI Bank surged following the government's introduction of a 0.4% Merchant Discount Rate (MDR) on merchant UPI payments above Rs 2,000. The RBI supports this move to strengthen UPI's long-term sustainability. While investors in stocks and mutual funds remain largely unaffected, brokers may experience some impact. The Congress party has raised concerns about possible US pressure behind the decision.
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