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Brokerages weigh new charges, mandates as UPI MDR set to take effect

A quarterly results development with market-wide reach.

· LiveMint Markets

While the National Payments Corporation of India (NPCI) has said UPI charges should not be passed on to consumers, the framework has left brokerages looking for ways to protect their margins regardless.

Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.