Mumbai, Feb. 13 -- The country's banking sector regulator has also permitted the bank to issue fresh credit cards.

Kotak Mahindra was among several financial institutions penalised by the RBI last year for regulatory lapses.

The RBI had imposed restrictions on Kotak Mahindra Bank due to concerns over its IT management. It noted that the bank had consistently failed to address "serious deficiencies and non-compliances," leading to major outages in 2022 and 2023, which caused inconvenience to customers.

The stock witnessed strong buying demand for second day in a row. The scrip has added 3.03% in two sessions, from its recent closing low of Rs 1,917.35 recorded on 11 February 2025.

In the last one year, the stock has risen by 13.44% whi...