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India’s electric three-wheeler market posted a sharp rebound in September, with sales rising 40% year-on-year and market share expanding to 64.9%, underscoring the segment’s growing dominance in urban and semi-urban mobility. Bajaj Auto led the category, followed by Mahindra and TVS, as demand strengthened across passenger and cargo applications.
The National Company Law Tribunal has admitted Kotak Mahindra Bank’s insolvency petition against Unity Realty and Developers over an alleged default of ₹68.49 crore, marking a significant escalation in a credit dispute tied to financial facilities extended to Unity Infraprojects. The case underscores how corporate guarantees can pull related entities into insolvency proceedings when the principal borrower runs into distress.
The National Company Law Tribunal has admitted Kotak Mahindra Bank’s insolvency petition against Unity Realty and Developers over an alleged default of ₹68.49 crore, marking a significant escalation in a dispute tied to lending extended to Unity Infraprojects. The case underscores how corporate guarantees can pull related entities into insolvency proceedings when a borrower’s stress spills over into the wider group structure.
HDFC Bank and Kotak Mahindra Bank have each named a new chief executive, installing Anup Bagchi and Anup Saha in two of the country’s most closely watched banking transitions. The appointments mark a significant leadership reset at two private-sector lenders as they prepare for the next phase of growth under new management.
The Reserve Bank of India has approved the appointment of Anup Kumar Saha as managing director and chief executive officer of Kotak Mahindra Bank for a three-year term beginning January 1, 2027. He will succeed Ashok Vaswani, with the Kotak board now expected to formalize the appointment and seek shareholder approval.
Analysts have flagged five stocks — Black Box, Deep Industries, MRPL, Leela Palaces and Kotak Mahindra Bank — as medium-term opportunities as markets digest the Reserve Bank of India’s shift toward calibrated tightening. The calls come amid technically constructive charts, bullish momentum and firm support levels, with investors now looking ahead to September-quarter earnings and management commentary for confirmation.
Analysts have identified five stocks — Black Box, Deep Industries, MRPL, Leela Palaces and Kotak Mahindra Bank — as potential medium-term opportunities as markets digest the Reserve Bank of India’s shift to calibrated tightening. Technical charts point to breakouts, improving momentum and firm support levels, while investors now look ahead to September-quarter earnings and management commentary for confirmation.
Kotak Mahindra Bank has appointed Executive Director Anup Kumar Saha as its next Managing Director and Chief Executive Officer for a three-year term beginning January 1, 2027. The move signals continuity at one of India’s most closely watched private-sector lenders, with Saha bringing more than 32 years of experience in financial services and a recent operating role inside the bank.
Indian bank shares rose as much as 2% on Monday after the Reserve Bank of India raised the repo rate by 25 basis points to 5.50%, with the Nifty Bank index moving above 55,500. Investors appeared to read the move as a calibrated tightening step that could support lending margins even as it signals a more cautious monetary stance.
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