Kotak Mahindra Bank share price rose over 2% to touch a 52-week high on Thursday's session following the Reserve Bank of India's (RBI) removal of restrictions on its digital banking activities. Almost 10 months after the restrictions were implemented,

Kotak Mahindra Bank (KMB) and the Reserve Bank of India (RBI) have had a long history of regulatory challenges, spanning issues such as compliance lapses, promoter shareholding limits, and leadership

India's central bank on Wednesday lifted restrictions on Kotak Mahindra Bank that had barred the lender from onboarding new customers through its online channels and issuing new credit cards.

The bank's net interest margin (NIM) has seen a decline of over 35 basis points (bps) since the restrictions were imposed by the regulator in April 2024

The Reserve Bank on February 12, 2025 decided to lift the aforementioned restrictions placed on Kotak Mahindra Bank Limited. Now customers can apply for new Kotak Mahindra 811 Bank Account through its online and mobile banking channels,

RBI lifts restrictions on Kotak Mahindra Bank, allowing it to onboard new customers and issue credit cards after IT compliance improvements.

Kotak Mahindra Bank’s share price rose 2.25% to an intra-day high of Rs 1,987.70 after the Reserve Bank of India lifted restrictions on the private lender, enabling it to onboard new customers via online channels.

Kotak Mahindra Bank's shares surged 2.5% after the RBI lifted restrictions on new credit cards and online account openings. Brokerages reacted positively, raising target prices and highlighting the bank's potential for growth in the high return on equity credit card business and digital customer acquisition.

Reserve Bank of India has removed restrictions on Kotak Mahindra Bank, enabling the bank to restart its credit card offerings and onboard new customers via digital platforms.

Kotak Mahindra Bank share price today. The stock was up 10 per cent at Rs 2,137.60 on BSE in the pre-open trade, The resumption of digital onboarding of customers may aid in acquisition of savings accounts and cross-sell of products.

Kotak reported a 10% surge in its profit levels at Rs 4,701.02 crore in Q3FY25 as compared to Rs 4,264.78 crore recorded in the corresponding quarter of the previous year. The recent removal of restrictions has further boosted brokerages' outlook on the stock.