GENERAL1 Oct 2026
Canara Bank CEO estimates ₹450 crore from MDR on UPI - CNBC TV18
Canara Bank's MD and CEO, Brajesh Kumar Singh, says the bank expects about ₹450 crore from MDR (merchant discount rate) on UPI payments. He also said the lender has limited exposure to drought-hit areas in Maharashtra. Still, some pressure may build in its Kisan Credit Card portfolio, where crop losses can affect farmers' ability to repay. Watch your farm loan repayments closely.
Key Statutory Highlights
- Canara Bank's MD and CEO Brajesh Kumar Singh estimates the bank will earn about ₹450 crore from MDR on UPI.
- The bank says it has limited exposure to drought-prone areas in Maharashtra.
- Some pressure could appear in the Kisan Credit Card portfolio, where crop losses affect farmers' ability to repay.
Actionable Advice for Taxpayers / Founders:If you have a Kisan Credit Card loan, check your repayment dates and speak to your bank early if crop losses have hit your income, since relief depends on your case and is not automatic.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
Share: