Anand Mahindra also congratulated Kotak on the bank’s 40-year journey. He described it as one of his “greatest privileges” to support Kotak as a “friend, believer, and admirer”

Benchmark indices Sensex and Nifty surged in early trade on Monday tracking positive global cues and hopes of a US Fed rate cut this month. The recent GST rate cuts also lifted market sentiment, with Tata Steel, Tata Motors, M&M, Adani Ports and UltraTech Cement among the top gainers. Analysts expect demand for automobiles and consumer durables