Paytm, SBI, HDFC Bank: Stocks in focus as UPI MDR returns
- A 0.4% Merchant Discount Rate MDR will apply to UPI merchant payments above ₹2,000 from October 15, 2026.
- Paytm, HDFC Bank, SBI, YES Bank and ICICI Bank are among the stocks in focus as banks and fintechs could gain from the new revenue stream.
- Paytm shares rose over 7% after brokerages raised earnings estimates and target prices following the MDR announcement.
- Payments of ₹2,000 or less remain MDR-free, while micro-merchants earning up to ₹1 lakh monthly via UPI QR are also exempt.
Source: upstox.com
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