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Kotak Mahindra Bank shares increased by more than 2 percent to reach a high level of Rs 1,986 per 52-week on 13 February; Should you invest?
The ban on Kotak Mahindra Bank was initially imposed on April 24, 2024.
After the restrictions imposed on the bank by the Reserve Bank of India, on 13 February, Kotak Mahindra Bank shares increased by more than 2 percent to reach a high level of 52-week. The RBI had earlier stopped Kotak Mahindra Bank from onboard new customers through its online platforms and issuing new credit cards starting from April 24, 2024.
The Mumbai -based lender was directed to get new customers and issue new credit cards through their online and mobile banking channels.
