The Reserve Bank of India has lifted the restrictions on Kotak Mahindra Bank, allowing them to onboard new customers and issue credit cards again. Analyst Rahul Malani from Mirae Asset Sharekhan suggests this will boost Kotak’s operating performance and market share, making the stock an attractive investment due to its reasonable valuations and positive outlook.
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