Yes Bank shares jump 4% as Citi, Morgan Stanley see lender as key beneficiary of new UPI charges. Earnings boost ahead?
Yes Bank shares rose sharply on Wednesday after Citi and Morgan Stanley identified the lender as a key beneficiary of new MDR charges on select UPI transactions above Rs 2,000.
Citi expects the lender and other banks to see an earnings boost, while Morgan Stanley sees a smaller profit benefit than estimated earlier.
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