Rana Kapoor

Rana Kapoor

Birth DetailsSeptember 9, 1957 | New Delhi, India
NationalityIndian
LeagueBusiness Leader
EducationMBA, Rutgers University
Rana Kapoor's Journey so far ...
  • An alumnus of Delhi’s prestigious Shri Ram College of Commerce, Rana Kapoor got an MBA degree from Rutgers University. Soon after, he joined Citibank in New York as an intern and later worked at Bank of America where he handled the wholesale business in Asia
  • Kapoor also had a stint at ANZ Grindlays and remained as India head till its acquisition by Standard Chartered in 1998
  • Right from the beginning, Kapoor had entrepreneurial ideas and wanted to set up a bank. In 1999, Kapoor, his brother-in-law Ashok Kapur and another banker Harkirat Singh partnered Netherland-based Rabobank to set up Rabo India Finance
  • In 2002, the trio got in-principle nod to set up a bank with support from Rabobank and finally in 2003 Kapoor and Kapur set up Yes Bank. Harkirat Singh was sidelined and a fallout followed
  • In 2005, Yes Bank, under Kapoor’s leadership, hit the stock market with a Rs 300 crore IPO. With strong profits and rising share price, he soon became a billionaire
  • However, India's bad loans and default crisis hit Yes Bank as it was exposed to IL&FS, Anil Ambani Group, CG Power, Cox & Kings, Essel Group, Essar Power and Mantri Group. In 2017, Yes Bank reported a divergence of Rs 6355 crore in bad loans
  • Over the years Kapoor built the Mumbai-headquartered Yes Bank into India’s fourth-largest private lender until the Reserve Bank of India ousted him in 2019 over bad-debt accounting
  • A great networker, he used his social skills to lend and recover loans; however, as luck would have it, lenders sold Kapoor's entire stake in the bank by invoking pledged shares. He had pledged the shares to finance a family business
  • In March 2020, Kapoor was booked by CBI on charges of criminal conspiracy, cheating and corruption under relevant sections of Indian Penal Code and Sections 7, 12 and 13 of the Prevention of Corruption Act


Before you go ...

  • Rana Kapoor was appointed as the Honorary Consul for Cyprus in Mumbai by the Government of Cyprus in 2002.
  • Before his fall from grace, Kapoor was awarded and recognized for his contribution towards strengthening the BFSI sector in India

Last Updated: 12/02/2021

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