Kotak Mahindra Bank's shares rose 2% in pre-open trade on February 13, 2025, after the Reserve Bank of India lifted a 10-month ban on onboarding customers online and issuing credit cards. Analysts view this as a growth catalyst, with Morgan Stanley setting a target price of ₹2,290 and HSBC raising its target to ₹2,210. The move is expected to boost Kotak's digital customer acquisition and strengthen its credit card business, signaling renewed momentum for the bank.
Sources: Moneycontrol, CNBC-TV18, Economic Times