Ashok Vaswani

Kotak Mahindra’s Stock Drops Following Card And Online Client Restrictions

Kotak Mahindra Bank Ltd., founded and nurtured by Uday Kotak over decades, faced a significant setback as India's banking regulator imposed unexpected restrictions on its digital operations, including the issuance of new credit cards. The development saw the bank's shares plummet by as much as 13% on Thursday, marking one...