MDR a small fee, will not have major impact on UPI volumes: RBI Guv Malhotra
- Posted on October 7, 2026
- By Business News Today
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MDR a small fee, will not have major impact on UPI volumes: RBI Guv Malhotra
Sanjay Malhotra, the Governor of the Reserve Bank of India, commented on the impact of MDR fees on UPI transactions. He expressed confidence that transaction volumes will remain stable despite the new fee structure. Additionally, Malhotra discussed strong credit growth and its positive effects on economic activity. He reassured that the adverse effects on asset quality in non-bank lenders are not expected.
