Banking

NCLT admits insolvency plea by Kotak Mahindra Bank against Unity Realty

• NCLT admitted Kotak Mahindra Bank’s insolvency petition against Unity Realty and Developers
• The petition was filed over a claimed default
• The admission advances Kotak Mahindra Bank’s recovery process on its Unity Realty exposure

RBI clears Anup Kumar Saha as Kotak Mahindra Bank CEO for three years from January 1, 2027

• Saha joined Kotak in January 2026 and currently serves as a whole-time director
• Kotak shares rose almost 4% after the appointment announcement
• Leadership clarity may support sentiment toward Kotak Mahindra Bank shares

'ICICI is CEO-making factory' trends on internet as Anup Saha, Anup Bagchi named MD-CEO of Kotak Mahindra, HDFC Bank

• Anup Saha will become Kotak Mahindra Bank CEO for a three-year term from January 1
• He succeeds Ashok Vaswani, who is stepping down for personal reasons
• Leadership change puts Kotak Mahindra Bank in focus for Indian bank investors

New Chiefs Cleared: RBI okays Bagchi, Saha as CEOs of HDFC Bank, Kotak; ends succession uncertainty

Banks bet on Bengali bosses as Anup Bagchi, Anup Saha take charge at HDFC, Kotak