SBI chairman backs minimal MDR for rising UPI volumes
In short
At the Business Standard BFSI Insight Summit 2026, SBI Chairman CS Setty said UPI’s growing volume needs more investment. He said a minimal MDR could help banks, but there should be safeguards so customers do not pay extra.
This matters for banks that must keep UPI running at scale. The exact plan, cost impact, and any government response are not stated in the available reporting.
What the reporting says
At the Business Standard BFSI Insight Summit 2026, SBI Chairman CS Setty said rising UPI volumes need continued investment and that a minimal MDR could help banks. The publisher-supplied summary says he also called for safeguards so consumers are not charged extra. The immediate policy implication is support for bank funding, while the exact proposal details and any official decision remain unstated in the available reporting.
Why it matters
At the Business Standard BFSI Insight Summit 2026, SBI Chairman CS Setty argued that rising UPI volumes require ongoing investment and that a minimal MDR could help banks. The available summary says he wanted consumer safeguards to avoid extra charges. This points to a possible funding issue for payment infrastructure, but the reporting does not say whether any policy change is imminent or supported by regulators.