Kotak Bank shares rise over 2% as RBI lifts restrictions on new bank account opening, credit card issuance

February 13, 2025

Kotak Mahindra Bank’s shares rose after the RBI lifted restrictions on issuing new credit cards and opening accounts through online or mobile banking. Banks, including HSBC, JP Morgan, Morgan Stanley, and UBS, positively view the development, predicting enhanced customer acquisition and improved financial performance.

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RBI eases restrictions on cash credit accounts, eases current account norms

The Reserve Bank of India has lifted all restrictions on banks opening and maintaining cash credit accounts, offering greater flexibility for short-term working capital loans.

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