Uday Kotak loses ₹10,225 crore in a day as Kotak Mahindra Bank share price tanks 11% | Mint

Stock Market Today: Kotak Mahindra Bank's share price saw a steep fall of 10.85 per cent to close at ₹1,643 on the BSE on Thursday. The share price plunged after the Reserve Bank of India (RBI) barred the private sector lender from onboarding new customers online and through mobile banking, citing supervisory concerns over its technology platforms. The sharp decline in Kotak Mahindra Bank's share price has wiped out a significant portion of its market cap, leaving shareholders poorer by …