Kotak Mahindra Bank share price tanks over 9%
Thu, Apr 25, 2024 9:41 AM

Kotak Mahindra Bank share price tanks over 9%

A Flip by Shubhangi Gupta
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Kotak Mahindra Bank share price plunged over 9% on Thursday after the Reserve Bank of India’s punitive actions against it. RBI on Wednesday directed Kotak Mahindra Bank to cease onboarding new customers through its online and mobile banking channels and issuing fresh credit cards with immediate effect. The central bank has barred the private sector lender from new issuances.

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