BusinessRBI Governor Says Small UPI Fee Won't Affect Transaction Volumes
RBI Governor Sanjay Malhotra stated that the recently introduced small merchant discount rate (MDR) on certain UPI transactions is unlikely to significantly impact transaction volumes. Transactions above Rs 2,000 may attract a 0.4% MDR. Malhotra also noted strong bank credit growth and the RBI's vigilance on financial system developments, especially regarding surplus liquidity's effect on non-bank lenders' asset quality.
News18 Business··Mumbai




