UPI merchant-fee policy and management moves boost Yes Bank 4%

Business Sep 16, 2026

Yes Bank's stock climbed 4% on Wednesday, thanks to fresh management moves and a new policy on UPI merchant fees.

Since Yes Bank handles a ton of UPI transactions, these shifts could give the bank an extra edge.

Citi expects Yes Bank PBT 6%-12%

Analysts at Citi expect Yes Bank's profit before tax could rise by 6% to 12% because of its strong position in the UPI space.

Morgan Stanley also sees gains, though maybe not as high.

Other banks like Bank of Baroda and Punjab National Bank are set to benefit too, but with smaller profit bumps.

For context, Yes Bank's consolidated net profit shot up 32.54% year over year in the June 2026 quarter, even with some ups and downs in the market.