In this article, we are going to talk about Yes Bank founder of Rana Kapoor Let’s go into detail about age, Vicky and biography. Also, by the end of the article you will see Rana Kapoor family photos. So, let us take a look at their personal and professional lives.
Birth and Family
Rana Kapoor was born on 9 September 1957 in New Delhi, India. His mother’s name is Sheila Kapoor, father’s name is not known. He did his schooling from Frank Anthony Public School Delhi and obtained a BA degree from the Shri Ram College of Commerce college.
He did his MBA degree from USA Rutgers University. Apart from this, he also received a PhD degree from GB Pant University of Agriculture and Technology.
Rana Kapoor career
Rana Kapoor Is an Indian banker. Rana Kapoor is the former Managing Director and CEO of Yes Bank. Yes Bank’s Surawat was organized by Rana Kapoor and Ashok Kapoor in the year 2003. It was a delight to this person that the Reserve Bank of India also started trying to give banking licenses to many professionals.
Talking about the stake in Yes Bank, Rana Kapoor has 26%, Ashok Kapoor has 11% and Rabobank International has 20%.
Ashok Kapoor was the brother-in-law of Rana Kapoor. In 2008, his brother-in-law Ashok Kapoor died in the attacks of the 26/11 Taj Hotel in Mumbai.
There came a time when the value of Yes Bank shares skyrocketed. In January 2017, according to Bloomberg, Rana Kapoor became a billionaire due to Yes Bank shares.
But by 2018 and 2019, Yes Bank’s stock had fallen by 78%. The reason for such a big bank sinking in this manner is a scam in the bank.
Controversy: Money laundering charges
It is alleged that Rana Kapoor gave loans to such companies, which were not given a loan by any banks. The loan was given at a higher rate of interest and the loan money also got diluted. An investigation by the Enforcement Directorate (ED) found that more than 20 fictitious companies of his daughter had been given large sums of money. On 8 March 2020, the Enforcement Directorate filed a case of money laundering against him and he was arrested.
In today’s time, a huge debt has been incurred on Yes Bank, now let us see what RBI does and how Yes Bank will get rid of this bank’s problems from this problem.
Brief biography of Rana Kapoor
|Birth||9 September 1957|
|Place of birth||New Delhi, India|
|Father||Name not known|
|school||Frank Anthony Public School Delhi|
|College||Shri Ram College of Commerce,
USA Rutgers University,
GB Pant University of Agriculture and Technology
|Profession||Banker, Founder Yes Bank|
|Total assets||not known|
Rana Kapoor Net worth $ 377 million
Rana Kapoor Wife, Daughters
Rana Kapoor Wife name is Bindu Kapoor They have three daughters, their daughters are Radha Kapoor, Rakhi Kapoor, Roshni Kapoor.