Rana Kapoor Yes Bank Founder's Journey to Success

Rana Kapoor's journey to success is a testament to his hard work and dedication. He was born in 1957 in Ludhiana, Punjab.

Rana Kapoor's family was involved in the banking industry from a young age. His father was a banker and his grandfather was a merchant banker.

Rana Kapoor graduated with a degree in economics from St. Stephen's College in Delhi. He later earned an MBA from the Punjab University.

Rana Kapoor started his career in banking in 1979 with the Union Bank of India.

Rana Kapoor was born on 9 September 1957 in New Delhi, India.

He spent his childhood in New Delhi, where he was brought up.

Kapoor attended the Frank Anthony Public School in 1973.

He went on to earn his bachelor's degree from Shri Ram College of Commerce in 1977.

Rana Kapoor then obtained an MBA from Rutgers University in New Jersey, US in 1980.

Throughout his education, Kapoor received several honors, including an honorary fellowship from All India Management Association (AIMA) and an honorary PhD from GB Pant University of Agriculture & Technology.

Yes Bank was founded in 2004 by Rana Kapoor, with a vision of building the best quality bank in India. Kapoor held a 26% stake in the bank, alongside Ashok Kapur's 11% and Rabobank International's 20% stake.

Kapoor established Yes Bank with an initial equity capital of ₹460 million, which he and his partners had generated from the sale of their stake in the non-banking financial company they had set up earlier. This seed fund allowed them to establish the bank and achieve their vision.

By 2017, Kapoor's stake in Yes Bank had become so valuable that he became a billionaire. However, his fortunes took a hit in 2019, when the bank's share price dropped by 78% from its peak in August 2018, reducing Kapoor's net worth to $377 million.

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Rana Kapoor is the Founder Promoter of Yes Bank. He has been a professional entrepreneur since 1998.

Rana Kapoor holds an MBA degree from Rutgers' University in New Jersey, U.S.A. (1980), and a Bachelor's degree in Economics (Honours) from the University of Delhi (1977).

In 2003, Kapoor sold his stake in the non-banking financial company for $10 million, generating the seed fund for Yes Bank.

Rana Kapoor held 26% stake in Yes Bank, Ashok Kapur held 11%, and Rabobank International held 20% stake.

Kapoor's vision for Yes Bank was to "Build the Best Quality Bank of the world in India" by 2004.

Yes Bank was established in 2004, and Kapoor was Managing Director & CEO (Founder Promoter) since then.

In July 2019, the Times of India reported that with a 78% drop in the Yes Bank share price since August 2018, Kapoor's net worth had fallen by over a billion to $377 million.

Rana Kapoor was presented the Eagle Pin by the Chairman of Bank of America in 1990, the highest professional recognition for consistent performance excellence at Bank of America.

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Rana Kapoor, the founder of Yes Bank, has been granted bail in several cases. In April this year, Kapoor was granted bail by a special Prevention of Money Laundering Act (PMLA) court in a money laundering case involving irregularities worth Rs 900 crore in a loan given to Housing Development and Infrastructure Limited (HDIL).

Kapoor has been accused of receiving 'kickbacks' or illegal gratification for sanctioning bad loans. The case has "rocked the entire banking system", as stated by the Supreme Court.

In November 2022, Kapoor got bail in another Rs 466.51 crore case involving Dewan Housing Finance Limited (DHFL). The central agency alleged that the former Yes Bank CEO and DHFL promoters Kapil and Dheeraj Wadhawan siphoned off funds worth Rs 5,050 crore through suspicious transactions.

The ED had registered an ECIR (Enforcement Case Information Report) on March 7, 2020, against Rana Kapoor, who was the CEO of Yes Bank, and others.

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Rana Kapoor's bail plea was rejected by the Supreme Court on August 4, 2023, in a money-laundering case against him.

This decision came after Kapoor had filed a bail application, citing poor health and the risk of contracting COVID-19.

The Supreme Court noted that the case had significant implications for the entire financial system, and it seems likely that Kapoor's bail plea was denied as a result.

Kapoor is currently being held at Taloja Jail in Maharashtra, where he has been since his arrest in March 2020.

His bail application was previously rejected by a Mumbai Court in April 2020, which suggests that the court was not convinced by Kapoor's arguments.

Kapoor's health is a concern, but it seems that it was not enough to sway the court's decision in his favor.

The case against Kapoor is ongoing, and it will be interesting to see how it unfolds in the coming months.

Rana Kapoor's impressive list of awards and recognitions is a testament to his outstanding leadership and contributions to the banking and financial services industry. He was felicitated with the CNBC Asia's India Talent Management award in 2018, recognizing his immense contribution to society and promotion of culture and social initiatives.

Rana Kapoor received the Asian Banker CEO Leadership Achievement Award for India during the 3-Year period, 2011-2013, and was also awarded as the Entrepreneur of the Year at the Asia Pacific Entrepreneurship Awards 2011.

Some of his notable awards include:

Rana Kapoor was also felicitated as the CEO of the Year at SABRE Asia Pacific Awards 2016 in Hong Kong by The Holmes Group, and was recognized by the London Business School India Business Forum in May 2016 for Exemplary Contribution to Innovation and Entrepreneurship.