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Dhouhani Madhya Pradesh Assembly Constituency Election 2023: Date of Result, Voting, Counting; Candidates

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Dhouhani MP Assembly Election 2023 Details: The election for Dhouhani Assembly Constituency in Madhya Pradesh will be held on November 17 this year. The final date of voting and result were known after the formal announcement by the Election Commission of India. Here are the important details of the Dhouhani Constituency Assembly Election 2023 that you should know.

Dhouhani Constituency Madhya Pradesh Assembly Election 2023: Voting Date

November 17 is the date of voting for the Dhouhani Assembly Constituency Election 2023 as announced by the Election Commission of India.

Dhouhani Constituency Madhya Pradesh Election 2023: Candidates List

Bharatiya Janta Party (BJP), Congress and other political parties in the state will announce their candidates for the Dhouhani Assembly Constituency Election 2023 after the announcement of voting dates by the Election Commission of India.

Why Dhouhani Constituency Assembly Election 2023 is Important

Dhouhani is a state Assembly/Vidhan Sabha constituency in the state of Madhya Pradesh and is part of the Dhouhani Lok Sabha/Parliamentary constituency. Dhouhani falls in the Dhouhani district of Madhya Pradesh and is categorised as an urban seat.

Dhouhani Constituency MP Election Result: What happened in 2018

Kunwar Singh Tekam of the Bharatiya Janata Party was the winning candidate from the Dhouhani constituency in the MP Assembly elections 2018, securing 57995 votes while 54202 votes were polled in favour of Kamlesh Singh of the Indian National Congress. The margin of victory was 3793 votes.

2018 Dhouhani Assembly Constituency Election Result

Winning Candidate NameParty NameTotal VotesKunwar Singh TekamBharatiya Janata Party57995

Candidate List Party Name Votes Gained (Vote %) Kunwar Singh Tekam Bharatiya Janata Party 57995 (35.85%) Kamlesh Singh Indian National Congress 54202 (33.5%) Rupnarayan Singh Poya Gondvana Gantantra Party 19457 (12.03%) Awadh Pratap Singh Bahujan Samaj Party 9062 (5.6%) None Of The Above None Of The Above 2810 (1.74%) Rajendra Kol Independent 2485 (1.54%) Mahipal Singh Independent 2440 (1.51%) Comread Balraj Singh Communist Party Of India (marxist) 2224 (1.37%) Revti Singh “maravi” Independent 1974 (1.22%) Dharvend Baiga Shiv Sena 1871 (1.16%) Girdhari Baiga Aam Aadmi Party 1747 (1.08%) Kamalsay Panika Bhartiya Shakti Chetna Party 1589 (0.98%) Anurag Singh Peoples Party Of India (democratic) 1116 (0.69%) Deepak Kumar Panika (bhaiyaji) Independent 1003 (0.62%) Dr Ajay Pratap Mauriya Sanjay Sapaks Party 918 (0.57%) Gulbasiya Devi W/o Late Rangdev Singh Independent 893 (0.55%)

Dhouhani Constituency MP Election Result: What happened in 2013

Kunwar Singh Tekam of the Bharatiya Janata Party was the winning candidate from the Dhouhani constituency in the MP Assembly elections 2013, securing 60130 votes while 41129 votes were polled in favour of Tilakraj Singh Uike of the Indian National Congress. The margin of victory was 19001 votes.

2013 Dhouhani Assembly Constituency Election Result

Winning Candidate NameParty NameTotal VotesKunwar Singh TekamBharatiya Janata Party60130

Candidate List Party Name Votes Gained (Vote %) Kunwar Singh Tekam Bharatiya Janata Party 60130 (42.45%) Tilakraj Singh Uike Indian National Congress 41129 (29.04%) Dr Raj Bahadur Singh Markam Bahujan Samaj Party 16220 (11.45%) Rudra Pratap Singh Markam Gondvana Gantantra Party 8127 (5.74%) None Of The Above None Of The Above 3929 (2.77%) Shripal Singh Independent 2358 (1.66%) Comred Balraj Singh Communist Party Of India (marxist) 2232 (1.58%) Dr Ajay Pratap Mauria Sanjay Independent 1844 (1.3%) Heeralal Singh Gond Bhartiya Shakti Chetna Party 1265 (0.89%) Heera Singh Poya National People’s Party 1053 (0.74%) Puspraj Singh Shyam Independent 959 (0.68%) Brij Lal Baiga Lok Jan Shakti Party 879 (0.62%) Revti Singh Akhil Bhartiya Gondwana Party 770 (0.54%) Manohar Singh 756 (0.53%)

Mahindra & Mahindra Financial Services Rating: Neutral; Loan recovery to feel the heat with RBI ban

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The RBI last week has banned Mahindra Finance (MMFS) from carrying out any recovery or repossession activity through outsourcing arrangements (third-party external agencies or collection agencies) until the ban is revoked by the RBI. We, note that the regulator has allowed MMFS to continue carrying out all such recovery or repossession activities through its own employees.

MMFS in the normal course of business, repossesses ~4K5K vehicles per month using a combination of third-party collection agencies and its own employees. However, since the company is now required to implement the RBI order with immediate effect, it expects the repossession activity to be impacted by 75-80% – which in our view is significant given that a large part of the asset quality resolutions are effected by MMFS through customer settlements or vehicle repossessions.

MMFS carries a PCR (provision coverage ratio) of ~58% on its Stage 3 assets (including the policy of making 100% provisions on contracts above the age of 18 months). Vehicles that need to be repossessed are usually classified under Stage 3 already and the ban will not have a material adverse impact on the financials or Net Stage 3. In our view, MMFS’ higher dependence on customer settlements is partly because of the relatively more vulnerable customer segment served by MMFS and also due to the significant proportion of captive business underwritten by the company.

Also read: Telecom Bill: I&B Ministry objects to ‘encroachment’

Until such time that this ban is revoked, the repossession activities will be impacted adversely which could mean that the Gross Stage 3 (GS3) for MMFS would continue to remain elevated. This is even more important in the context of MMFS implementing the RBI NPA circular with effect from 1st Oct, 2022.