Stock Market Today, April 25 -- Kotak Mahindra Bank share price saw a steep fall of 10.85% to close at Rs.1643 levels on the BSE on Thursday. The fall in Kotak Mahindra Bank share prices was led by Reserve Bank of India ban on Kotak Mahindra Bank's digital onboarding and credit card issuance.

The sharp decline in Kotak Mahindra Bank share price meant that its market capitalization fell by similar amount leaving shareholders bearer by Rs.39,768.36 crore.

The Kotak Mahindra Bank market capitalisation that stood at Rs.3,66,383.76 crore at the end on Wednesday fell to 3,26,615.40 Crore by the end of Thursday.

As Uday Kotak, as non-executive director from 1st January 2024, holds 25.71% stake in Kotak Mahindra Bank, Uday Kotak also lost arou...