Banks Are Currently In A High-Growth Phase: Bernstein Senior Research Analyst Explains
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Bernstein senior research analyst Pranav Goyal breaks down the new UPI MDR framework, estimating a 19-20 basis point aggregate rate that creates a ~₹20,000 crore revenue pool, growing to ₹27,000 crore by FY28 as UPI volumes climb. Issuing banks keep 40% of the upside, with SBI the biggest winner, while PSP and acquiring banks may see gains negotiated down by payment platforms. For more videos subscribe to our channel: https://www.youtube.com/@NDTVProfitIndia Visit NDTV Profit for more news: https://www.ndtvprofit.com/ Don't enter the stock market unaware. Read all Research Reports here: https://www.ndtvprofit.com/research-reports Follow NDTV Profit here Twitter: https://twitter.com/NDTVProfitIndia , https://twitter.com/NDTVProfit LinkedIn: https://www.linkedin.com/company/ndtvprofit Instagram: https://www.instagram.com/ndtvprofit/ Facebook: https://www.facebook.com/NDTVProfit/
Tags: UPI MDR, UPI, merchant discount rate, Bernstein, Pranav Goyal, senior research analyst, RBI, digital payments, payment banks, PSP banks, issuing banks, SBI, State Bank of India, ICICI Bank, Axis Bank, HDFC Bank, Kotak, Paytm, revenue pool, non-resident deposits
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