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Policy● Neutral for Indian equities
Government tells banks to shield consumers from UPI fees
- The post-Enron auditor reforms are being rolled back
- ET EXPLAINER: How RBI’s new valuation rules change the way banks view REITs, InvITs
- Eight PSU banks lack non-executive chairmen, raising governance concerns
- Holding companies, NBFCs rejig assets, income to escape RBI scrutiny
- Will AI make banking riskier? Why RBI wants banks to keep human judgment in the loop
UPI MDR rollout and consumer protection
SBI plans to charge MDR on UPI merchant payments above ₹2,000 from October 15, while officials say MDR collections will not cover UPI’s full operating costs and the government and banks will decide a continuing subsidy. The Finance Minister says the fee will be borne within the merchant-payment ecosystem, not passed to consumers; the government is also discussing safeguards with banks.
Friday, 25 September
- Government tells banks to shield consumers from UPI fees