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 action on Paytm Payments Bank incrementally negative for One 97, says Bernstein; retains ‘Outperform’, sees 30% upside

The RBI has cancelled Paytm Payments Bank’s license due to regulatory non-compliance, citing detrimental operations and prejudiced management. While Bernstein views this as incrementally negative

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Despite a falling Sensex, twelve BSE 500 stocks delivered consistent gains across five sessions, led by Onesource Specialty Pharma and Welspun Corp, showing resilience amid

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