New UPI MDR Explained: Impact on mutual funds, brokers & investors
The implementation of a new 0.02% merchant discount rate will influence certain UPI transactions, including one-time contributions to mutual funds and topping up broker wallets. Notably, recurring SIPs using UPI AutoPay will remain exempt from this fee. Discount brokerage firms may see a rise in operational costs, which could lead to indirect cost implications for […]
Bond yields could rise to 7.5% on crude, inflation and global debt costs
Domestic bond yields may rise as much as forty-five basis points. Elevated crude prices and rising inflation expectations weigh on sentiment. The Reserve Bank of India’s open market operation sales will increase bond supply. This action drains surplus liquidity from the financial system. Bond traders anticipate yields could reach around seven point five zero percent.
Retail investors pull Rs 5,674 crore from stocks, invest Rs 12,618 crore into IPOs
Indian retail investors sold equities in July and August. They then invested heavily in primary market IPOs during this period. This shift occurred after significant buying in the previous quarter. Analysts suggest this is a tactical allocation change for profit booking. Strong IPO activity and listing gains are attracting this capital.
Can NSE IPO deliver long-term growth for high-risk investors?
In a bold move, the National Stock Exchange is set to initiate a major offer for sale, aiming to secure additional capital from its existing investors. This organization boasts a fully integrated platform focused on trading and settlement, where transaction fees are the primary source of income, supplemented by expanding services.
UPI MDR could cost 47.2 bps with GST for merchants
The new framework introduces a 0.4% MDR on person-to-merchant UPI transactions above Rs 2,000, capped at ?300 on transactions of Rs 75,000 and above, while consumers will not be charged. It takes effect from October 15. GST is paid by the service provider who typically recover the amount from whoever receives service.
NSE anchor book draws Rs 6,746 crore from 150 plus anchor investors
In a successful share sale, the National Stock Exchange captured the interest of more than 150 anchor investors. Notably, overseas funds accounted for 43% of the stocks allocated for this category. Domestic institutional investors also played a crucial role, contributing significantly to the anchor book. Overall, the exchange raised ₹6,746.18 crore from these investors, with […]
UPI MDR could create Rs 27,000 crore revenue pool by FY28: Bernstein
A 40-basis-point MDR on UPI transactions could create a large revenue pool. Issuing banks and UPI apps will receive substantial portions of this estimated revenue. Merchant-side payment apps and acquiring banks will also capture significant revenue shares. This levy aims to sustain UPI infrastructure and support its continued expansion. The charges remain well below card […]
RBI clarifies principal business rules for NBFCs, CIC definition after Tata Sons CoR rejection
The Reserve Bank of India has clarified definitions for financial activity and core investment companies. This clarification follows the rejection of Tata Sons’ application to surrender its registration. Companies must meet specific asset and income thresholds to be regulated by the central bank. Tata Sons, an unlisted holding company, now faces enhanced regulatory scrutiny. The […]
Fed raises rates despite Trump pressure, signals another hike likely in 2026
In a bid to tackle ongoing inflation, the US Federal Reserve has raised interest rates by twenty-five basis points. Policymakers are predicting at least one additional hike in the upcoming months. As inflation affects various sectors, the Fed is working towards achieving its two percent goal. This move is likely to generate discontent from President […]