If we look at fundamentals 10% is decent. Their cc portfolio is small.
Only thing is they have stopped on-boarding in online mode for savings account also. A lot of kotak customers started with 811 and later upgraded to traditional account.
All depends in how well their pr team manage the situation. If they are good they ll get a opportunity to convert normal 811 account to full account. But if they fail many people will take money out of bank which will hurt the bank more.
Buy in the Dip.