New Delhi, Sept. 16 -- 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 Rs.2,000 could generate an additional Rs.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 broker...