India's central bank on Wednesday lifted restrictions on Kotak Mahindra Bank that had barred the lender from taking on new customers via its online and mobile banking channels and from issuing new credit cards.

Reserve Bank of India has removed restrictions on Kotak Mahindra Bank, enabling the bank to restart its credit card offerings and onboard new customers via digital platforms.

Kotak Bank received positive response from brokerages after RBI removed curbs on its digital banking business. Morgan Stanley reiterating its "overweight" rating on the counter and shared highest target price of Rs 2,

Kotak Mahindra Bank share price rose over 2% to touch a 52-week high on Thursday's session following the Reserve Bank of India's (RBI) removal of restrictions on its digital banking activities. Almost 10 months after the restrictions were implemented,

Good news for customers who wish to apply for a new Kotak Mahindra Bank credit card or open a bank account with them through online or mobile banking channel. “The Reserve Bank

Out of the 44 analysts that have coverage on Kotak Mahindra Bank, 35 of them have a 'Buy' rating on the lender, four say 'Hold', while five have a 'Sell' rating on the stock.

Kotak Mahindra Bank’s share price rose 2.25% to an intra-day high of Rs 1,987.70 after the Reserve Bank of India lifted restrictions on the private lender, enabling it to onboard new customers via online channels.