Yes Bank shares rise 1.78% on positive UPI MDR outlook
after close1 source ↓written by the desknot a recommendation
- Bank shares increased
- 1.78%
- as of 11
- ₹23.48
- stock opened
- ₹23.58
- intraday high
- ₹24.10
- in annual revenue
- ₹16,000–17,000 cr
Yes Bank shares increased 1.78% to ₹23.48 as of 11:38 AM on 16 Sep. The stock opened at ₹23.58, reaching an intraday high of ₹24.10. The boost follows Citi's report on the new UPI Merchant Discount Rate (MDR) structure, predicting ₹16,000–17,000 cr in annual revenue for banks, with Yes Bank potentially seeing a 6–12% profit boost. Trading volume exceeded 10 crore shares, reflecting heightened investor interest.
Not investment advice. For informational purposes only.