Kotak Mahindra Bank experiences a 10% drop to hit a 52-week low due to RBI restrictions
Kotak Mahindra Bank shares plummeted by up to 10% in early Thursday trading, triggered by the Reserve Bank of India’s directive to halt the issuance of new credit cards and onboard new clients via digital channels. This decline represents the steepest single-day drop for the stock since March 23, 2020. Wednesday saw the RBI instruct…