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Yes Bank share price jumps 4%
Yes Bank shares rose 4% on September 16 due to management changes and favorable brokerage estimates, indicating potential profit increases from the revised UPI MDR structure. The bank reported a 32.54% year-on-year net profit rise for Q1 FY27 but a slight quarter-on-quarter decline.
Yes Bank shares rose 4% on Wednesday, 16 September, following management changes and a positive brokerage view on the revised UPI merchant discount rate (MDR) structure.
According to media reports, Citi estimates that MDR on UPI transactions above ₹2,000 could generate an additional ₹16,000–17,000 crore in annual revenue for the banking ecosystem. Yes Bank is expected to benefit the most among peers, with the brokerage estimating a potential 6–12% increase in profit before tax, according to media reports.
Citi identified Yes Bank as one of the key beneficiaries of the revised MDR framework for select UPI transactions, citing its over-40 % share of UPI beneficiary volumes, according to media reports. The brokerage expects the move to potentially strengthen the private lender’s earnings from UPI monetisation.