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

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,

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

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 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.

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.

The RBI had imposed restrictions on Kotak Mahindra Bank due to concerns over its IT management. It noted that the bank had consistently failed to address "serious deficiencies and non-compliances"

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.

Out of the 44 analysts that have coverage on Kotak Mahindra Bank, 35 of them have a 'Buy' rating on the lender, four say 'Hold', while five have a 'Sell' rating on the stock.

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 Bank received positive response from brokerages after RBI removed curbs on its digital banking business. Morgan Stanley reiterating its "overweight" rating on the counter and shared highest target price of Rs 2,