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Market Watch

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

Rana Kapoor News

Former Yes Bank CEO Rana Kapoor, Sudhir Valia booked in a fraud case by the Mumbai Police
Mumbai Police have filed a fresh FIR against former Yes Bank co-founder Rana Kapoor and investor Sudhir Valia for an alleged ₹1,000-crore fraud. The case involves the premature transfer of loan recovery rights and undervalued sale of mortgaged assets belonging to Sapphire Land Development Pvt Ltd.
Criminal breach of trust case registered against ex-Yes Bank CEO Rana Kapoor, others
Mumbai Police have filed a case against former Yes Bank MD Rana Kapoor and others. The FIR alleges illegal transfer of mortgaged property worth Rs 1,000 crore. A loan was transferred without it being classified as a Non-Performing Asset. Properties were allegedly sold below market value. Investigations are ongoing.
Back from the brink, Yes Bank says SMBC stake buy creates room for rating upgrade
Yes Bank anticipates a potential rating upgrade following SMBC's significant investment, signaling confidence in the bank's resurgence. This strategic partnership is expected to bolster Yes Bank's capital-raising capabilities and drive business expansion through network synergies. The bank aims to improve profitability and achieve its financial targets, focusing on strategic lending segments.
CBI chargesheets Anil Ambani, Rana Kapoor in Rs 2,797-crore corruption case
The Central Bureau of Investigation has filed chargesheets against Anil Ambani and Rana Kapoor. Kapoor allegedly misused his position at Yes Bank. He channeled public funds into Anil Dhirubhai Ambani Group companies. Yes Bank invested over ₹4,900 crore in ADA Group firms. Ambani allegedly received benefits for his family entities. Reliance Nippon Mutual Fund also invested in Kapoor's company.
CBI files charges against Anil Ambani’s cos, Yes Bank ex-CEO Rana Kapoor family in fraud cases
The CBI has filed chargesheets against Anil Ambani and Rana Kapoor, along with Kapoor's family members, in connection with fraudulent transactions between Reliance Group companies and Yes Bank. Ambani is accused of conspiring with Kapoor to divert public funds from Yes Bank into financially troubled Reliance entities, resulting in significant losses for the lender.
Yes Bank-DHFL case: Special court refuses to discharge businessman Satyan Tandon
A special court has denied businessman Satyan Tandon's discharge in the Yes Bank-DHFL loan case, asserting that the charges against him warrant a full trial. The court emphasized the seriousness of the alleged offense and the need for the prosecution to present its evidence.
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Ex-UCO Bank CMD Goel's arrest in alleged fraud case latest in list of bank honchos sent behind bars
Central investigative agencies have arrested several bank executives, including former UCO Bank CMD Subodh Kumar Goel, in connection with alleged loan fraud cases. Other prominent figures like Chanda Kochhar (ICICI Bank), Rana Kapoor (Yes Bank), and Yogesh Agarwal (IDBI) have also faced arrest and investigations for financial irregularities.
Inglorious exits of some private sector bank chiefs
Several private sector bank CEOs, including those from Yes Bank, RBL Bank, Bandhan Bank, and Tamilnad Mercantile Bank, have recently resigned amidst controversies. These exits stem from issues like mismanagement, corporate governance failures, regulatory scrutiny, and underreporting of NPAs. The RBI's intervention and forensic audits highlight the challenges faced by these institutions and the subsequent leadership changes.
Inside Celebrity Fitness: Ram Kapoor's Weight Loss the Desi Way
Discover how Indian celebrities like Ram Kapoor shed significant weight through lifestyle changes, inspiring millions to embrace healthier habits.
Vaani Kapoor: A Vision of Timeless Beauty
Vaani Kapoor, known for her stunning looks and graceful presence, has taken Bollywood by storm. From her flawless skin to her captivating eyes, she is a true beauty icon.
Yes Bank-DHFL case: Court refuses to take cognisance of chargesheet against Goenka, Balwa
A special court has refused to take cognisance of a CBI supplementary chargesheet naming businessmen Vinod Goenka and Shahid Balwa in the DHFL-Yes Bank fraud case, citing lack of evidence of their intent to cheat. The court also ordered the cancellation of Lookout Circulars against them, noting the loan had been repaid prior to the chargesheet filing.
Cotton Couture: How Bollywood Celebrities Are Making Cotton a Fashion Statement
Cotton, traditionally known for its comfort and practicality, has recently become a key player in the world of high fashion, thanks to the influence of Bollywood celebrities. Bollywood icons are proving that cotton can be both chic and stylish.
Yes Bank’s Rs 4,733 cr loan to DHFL diverted to ‘coterie of builders’: CBI charge sheet
The CBI has alleged that Yes Bank co-founder Rana Kapoor sanctioned loans worth ₹4,733 crore to DHFL in exchange for ₹600 crore in kickbacks. These loans were then allegedly diverted to Mumbai-based builders who had previously defaulted on loans from Yes Bank, according to the agency's latest charge sheet.
CBI court grants bail to Kapil Wadhawan in Yes Bank scam case
The special CBI court granted bail to former DHFL promoter Kapil Wadhawan in the Yes Bank scam case, but he remains in custody due to multiple other charges. Despite opposition, the court ordered conditions including a bail bond, no tampering with evidence, and restricted travel.
Two years after arrest, Pune builder Avinash Bhosale gets bail from HC in Yes Bank-DHFL scam
The Bombay High Court has granted bail to Pune-based builder Avinash Bhosale in a corruption case linked to Yes Bank and DHFL, currently under investigation by the CBI. Bhosale, arrested in May 2022 and currently in judicial custody for medical treatment, was granted bail by Justice N J Jamadar, who directed him to deposit a surety of Rs 1 lakh. The CBI alleges that Bhosale received kickbacks from Yes Bank co-founder Rana Kapoor in exchange for diverting funds. Yes Bank, under Kapoor, disbursed Rs 3,983 crore to DHFL, deemed proceeds of crime. DHFL then sanctioned loans totaling Rs 2,420 crore to three Radius group concerns, led by businessman Sanjay Chhabria.
Court punches holes in CBI case against Yes Bank's Rana Kapoor
A special CBI court granted bail to Yes Bank co-founder Rana Kapoor, criticizing the CBI for failing to start his trial promptly. The court argued that Kapoor's continued detention without trial, especially given his health issues and previous bail in other cases, would amount to a "pre-trial conviction." Kapoor, arrested in March 2020, was released from jail after bail in eight cases. The CBI had accused Kapoor of malpractices in loans to the Avantha Group and a property purchase at below-market rates.
Bail for Rana Kapoor: Keeping him in jail any further would be 'pre-trial conviction', says court
A special CBI court in Mumbai granted bail to Yes Bank founder Rana Kapoor in a fraud case, stating that further incarceration without trial would amount to "pre-trial conviction." Kapoor had been arrested in March 2020 in a money laundering case and was booked in multiple cases related to fraud at Yes Bank. The court noted Kapoor's deep roots in society, his health issues, and the lack of justification for his continued detention. The CBI had alleged that Kapoor obtained "illegal gratification" for sanctioning a loan at Yes Bank.
SC refuses bail to realtor in Yes Bank money laundering case
The Supreme Court refused to entertain Sanjay Chhabria's plea for default bail in the Yes Bank money laundering case. The Bombay High Court had already denied him default bail, considering the seriousness of the offence. Chhabria's counsel withdrew the plea, resulting in the dismissal of the matter.
CBI allowed to question Rana Kapoor in Ezeego One Travels & Tours loan fraud case
The court grants CBI permission to question Yes Bank's Rana Kapoor about a Rs 1060 crore loan to Ezeego One Travels and Tours Limited. Kapoor allegedly sanctioned loans despite weak financial status, leading to default. Kapoor, in judicial custody since 2020, faces allegations of abusing his position to approve risky loans. The court directs the jail to facilitate CBI's interrogation, including video and audio recording of the session.
Yes Bank cofounder Rana Kapoor gets bail in ED case related to loan fraud
Kapoor, on his part, never initiated any proceeding to protract the trial nor did he restrict the ED's proceedings before this court. The ED too did not contend that bail applications filed by Kapoor are causing delay in the investigation, the court said. In the bail application filed through advocates Rahul Agarwal and Jasmine Purani, Kapoor said he was in prison for more than three-and-half years, half the period of maximum sentence prescribed for the offence under the PMLA.
SC denies Yes Bank founder Rana Kapoor bail in money laundering case
Supreme Court refuses to grant bail to Yes Bank founder Rana Kapoor in money laundering case. He has been accused of receiving 'kickbacks' or illegal gratification for sanctioning bad loans.
Sebi issues Rs 2.2 cr demand notice to Yes Bank's former MD Rana Kapoor
The case relates to mis-selling of the bank's AT1 (Additional Tier-1) bonds to retail investors by the bank's officials. It was alleged that the bank and certain officials did not inform investors of the risk involved while selling the AT-1 bonds in the secondary market. The sale of AT1 bonds started in 2016 and continued till 2019
Fraud case: Court refuses medical bail to Dheeraj Wadhawan, allows treatment at private hospital
Dheeraj Wadhawan, founder of Dewan Housing Finance Ltd (DHFL), has been denied medical bail by a special CBI court in relation to a fraud case at Yes Bank. While the court has allowed him to receive treatment at a private hospital for his heart-related condition, he has been asked not to prolong his stay and must bear the cost of prison staff accompanying him.
Yes Bank-DHFL scam: Court says nation is victim, denies bail to Pune-based realtor
"The bank was cheated by wisely hatching criminal conspiracy by accused persons. Money of Yes Bank is the wealth of the Nation. Nation is victim of this offence of cheating and criminal conspiracy," the court said, declining to give relief to Bhosale. The special judge said that the way the fraud was committed, granting bail to the applicant (Bhosale) is not safe and there is every possibility of "spoiling" the case by tampering with the evidence and hampering the trial.
DHFL money laundering case: HC denies bail to Yes Bank founder Rana Kapoor; says charge against him serious
"The allegations against the applicant is that the applicant is involved in laundering of public money. He has allegedly hatched a conspiracy with owners of DHFL for siphoning huge amount. Though the applicant is in custody for three years, the involvement of public money shows that the charge is serious," the court said in its order.
‘Inspired’ by Ranbir Kapoor-Alia Bhatt, Armaan Jain and Anissa Malhotra to name their baby Rana
Actor Armaan Jain and his wife Anissa Malhotra have named their newborn baby boy Rana Jain.
Former Yes Bank chief Rana Kapoor granted bail
The court also opined that the trial against the former Yes Bank chief, over alleged money laundering linked to a loan deal with real estate company HDIL, was "not likely to begin any time soon".
Yes Bank co-promoter Rana Kapoor gets bail in loan diversion case; to remain in jail in view of multiple cases
Kapoor, 63, has been lodged in a Mumbai jail since March 2020 after he was arrested by the Enforcement Directorate in connection with alleged financial irregularities and purported kickbacks paid to him and his family members in return for certain dubious loans provided by Yes Bank to some high-profile borrowers.
ET explainer: Yes Bank and the AT-1 bonds saga, what next for investors?
In what came as a positive development for retail & institutional investors, the Bombay High Court last week invalidated the write-off of additional Tier-1 (AT1) bonds issued by private lender Yes Bank. Its CEO Prashant Kumar on Saturday said that the company has legal grounds to appeal against the court order.
Delhi HC grants Rana Kapoor bail in money laundering case
The Delhi High Court on Friday granted bail to former Managing Director and CEO of YES Bank Rana Kapoor in Rs 466.51-crore money laundering case being probed by the Enforcement Directorate.
Celebrity Weddings Of 2022: Alia-Ranbir, Nayanthara-Vignesh & Ambani Jr
Big ticket releases, runaway hits and celebrities making it official - 2022 saw tinsel town take steps to get back to the ‘new normal’. Celebrities, across Bollywood and Tollywood, decided to take the plunge and seal their love story in dreamy locales. From Mouni Roy and Suraj Nambiar’s Goa shenanigans to Nayanthara and Vignesh Shivan’s traditional Hindu rituals , the year had a few freeze-frame moments.
Constitute team of doctors to evaluate health of DHFL ex-CMD Kapil Wadhawan: SC to AIIMS
Senior advocate Mukul Rohatgi, appearing for Wadhawan, told the court that he has undergone five surgeries and sought immediate release on medical grounds.He is entitled to go for treatment of his choice. Rohatgi submitted that Wadhawan requires constant medical attention which is not possible in jail.
Yes Bank fraud case: Chargesheet filed by CBI against Rana Kapoor, Gautam Thapar
Apart from this alleged fraud case, Kapoor is also a co-accused along with Thapar in another case related to alleged diversion of public money in Yes Bank in exchange for a high-end property at an upscale neighbourhood in the national capital.
Sebi fines Rana Kapoor Rs 2 crore for mis-selling YES Bank’s AT1 bonds
During the investigation, it was observed that under the instructions of Kapoor who was the managing director of the bank for the period from 2004 to January 31, 2019, senior officials of the private wealth management team facilitated the resale of AT1 bonds of Yes Bank from institutional investors to retail investors.
DHFL scam: The family accused of the biggest banking fraud knows how to stay out of jail
DHFL and HDIL are realty and housing finance businesses run by two branches of the family. Rakesh Wadhawan of HDIL is the younger brother of the late Rajesh Wadhawan, whose children Kapil and Dheeraj now run DHFL. DHFL promoters, including the Wadhawan brothers, are already under investigation by both the CBI and the Enforcement Directorate (ED) in a case of alleged fraud involving Yes Bank.
Kapil and Dheeraj Wadhawan of DHFL booked in Rs 34,615-crore bank fraud case
CBI registers a fresh case against erstwhile DHFL promoters Kapil and Dheeraj Wadhawan for defrauding a consortium of banks led by Union Bank of India for Rs 34,615 crore. The CBI is carrying out searches at 12 locations in Mumbai at the premises of accused in the case, they said.
Yes Bank scam: CBI brings ABIL group chairman Avinash Bhosale to Delhi for questioning
CBI is probing if the Yes Bank and DHFL scam had spread its tentacles across noted builders of Maharashtra and their companies were allegedly used to route the proceeds of crimes in the form of loans, among others, officials said.
Congress, Gandhis extortionists, were selling Padma Bhushan: BJP on Yes Bank co-founder's painting allegation
Addressing a press conference at the BJP headquarters, Gaurav Bhatia said that "...when the Congress was in power, members of the Gandhi family used to put pressure on party leaders to ensure the painting is bought".
Political vendetta: Congress on Yes Bank co-founder Rana Kapoor's M F Hussain painting allegation
Rana Kapoor also told the agency that Ahmed Patel, a close confidante of Sonia Gandhi, had told him that by supporting the Gandhi family at an opportune time for medical treatment of Sonia Gandhi, "I (Kapoor) had performed a good deed for the family and it would be duly considered for the 'Padma Bhushan' award".
Was 'forced' to buy MF Husain painting from Priyanka Gandhi: Rana Kapoor in ED statement
The agency has also stated in its second supplementary chargesheet that it is probing illegal diversion and siphoning of funds through suspicious transactions of Rs 5050 crores linked to erstwhile-DHFL with Yes bank when Kapoor was at its helm. Other than Kapoor, the promoters of erstwhile DHFL- Kapil and Dheeraj are also co-accused in the instant case.
Yes Bank-DHFL case: Rana Kapoor, Wadhawans laundered money worth Rs 5,050 crore, says ED
During the investigation, it came to light that a big part of the proceeds of crime (POC) generated in this case has been siphoned off overseas by Rana Kapoor and hence they are not available for attachment directly under the provisions of Prevention of Money Laundering Act (PMLA), Enforcement Directorate said.
Gautam Thapar gets bail in Yes Bank case
However, Thapar won't be able to walk out of the jail as he is also facing other cases pertaining to the alleged fraud, where the accused also include former Yes Bank managing director Rana Kapoor.
Yes Bank Scam: HC directs special CBI court to defer framing of charges until April 1
In March 2020, the CBI had registered an FIR against Kapoor, the former Managing Director of Yes Bank Limited, and twelve others including Kapil Wadhawan and Dheeraj Wadhawan of DHFL on the allegation that Kapoor and his family had obtained undue benefit to the tune of Rs. 600 crores through their companies for an investment of Rs. 3700 crores made by Yes Bank in DHFL’s non-convertible debentures.
HC dismisses bail plea of Avantha Group promoter Gautam Thapar in Rs 500-crore money laundering case
The ED is probing an alleged transaction between Gautam Thapar's company Avantha Realty and Yes Bank co-founder Rana Kapoor and his wife, who are already being investigated under PMLA by the agency. The money laundering case was registered by the ED after taking cognisance of an FIR lodged by the Central Bureau of Investigation (CBI).
ED has not shown any active approach to begin trials against Rana Kapoor, says PMLA court
On February 16, A special PMLA court here granted bail to Kapoor in a Rs 300 crore bank fraud case. The court also granted bail to co-accused Gautam Thapar of the Avantha Group. However, both Kapoor and Thapar continue to be lodged in jails in other cases registered by the Central Bureau of Investigation (CBI) and the ED in connection with the alleged bank fraud.
Rana Kapoor, Gautam Thapar get bail in Yes Bank fraud case
However, Kapoor will continue to be lodged at the Taloja jail in other cases registered by the CBI and ED.
Delhi HC seeks ED stand on bail plea by former MD & CEO of YES Bank Rana
Last month, the trial court had denied the relief of bail to Kapoor, noting that the allegations against him were most grave and serious in nature.
CBI sees graft case against Rana Kapoor, ADAG firms
The preliminary enquiry (PE) was conducted after the bank submitted a complaint to the CBI alleging that Kapoor had misused his official position by extending financial assistance to ADAG firms.
Delhi court denies bail to former MD & CEO of YES Bank Rana Kapoor
“Considering the overall facts and circumstances of the present case, since the allegations against the accused are most grave in nature, as a resultant no ground for his bail is made out at this stage. Consequently, the bail application of accused Rana Kapoor is dismissed,” the court said.
Rana Kapoor misused official position to get Delhi property at inadequate consideration: Court
The case pertains to the allegations about the sale of a property situated on Amrita Shergill Marg in Delhi to a company owned by the wife of Rana Kapoor, for which a separate FIR was registered by the Central Bureau of Investigation (CBI) in Mumbai.
Yes Bank scam case: CBI court rejects Thapar's bail plea
A special Central Bureau of Investigation (CBI) court Tuesday rejected the bail application of Avantha Group promoter Gautam Thapar who has been arrested in connection with the alleged fraud caused to Yes Bank Ltd (YBL). Thapar had argued that he was not arrested during the investigation and the charge sheet has already been filed in the said case.
CBI contest Rana Kapoor plea on prosecution sanction, say sanction was sought at the right time
Kapoor had moved the HC challenging the FIR in Avantha Realty matter as well as all consequential proceedings against him as illegal.
Yes Bank scam: Kapoor moves HC, seeks joint trial in the CBI-ED cases
While the CBI is probing a case of corruption and misuse of office, the Enforcement Directorate (ED) is investigating a money laundering case in an alleged case of fraud caused to YBL by Kapoor, DHFL promoters, Kapil and Dheeraj Wadhawan and others.
Delhi HC seeks response from ED on bail plea by Gautam Thapar in money laundering case
The Delhi High Court has sought the Enforcement Directorate's stand on Avantha Group promoter Gautam Thapar's bail plea in a Rs 500-crore money laundering case.
Court grants time to Avantha Group promoter Gautam Thapar to advance arguments on bail plea
The bail application, filed by Karanjawala & Co on behalf of Gautam Thapar, claimed that the accused was not required for the investigation and that no purpose will be served by keeping him in further custody. The court recently took cognisance of a charge sheet filed in the case against Thapar and 20 others.
Illegal gratification paid to top Yes Bank employees under lens: ED to court
The Enforcement Directorate has stated this in its chargesheet charging Rana Kapoor, Gautam Thapar and 19 other individuals and entities. A local court on Saturday took cognisance of ED's chargesheet and summoned all the accused.
CBI files charge sheet against Rana Kapoor and associates in Rs 1,700 crore scam
The charges against Kapoor include allegations of abuse of power while he was the head of Yes Bank, a case in that matter was registered in March 2020.
ED files charges against Thapar, Rana Kapoor in bank loan fraud
The agency on Monday informed a local court that it has so far unearthed Rs 514 crore of “proceeds of crime” from Rs 2,435 crore of loans taken by Thapar’s group from a consortium of banks, led by State Bank of India. The ED alleged that the funds were spent on purposes other than the ones the loans were sought for and that substantial funds had been stashed abroad.
Yes bank scam: HC rejects bail pleas of Rana Kapoor’s wife, daughters
As per the CBI, Rana Kapoor and his family members had allegedly received kickbacks of around Rs 600 crore for an investment of Rs 3,700 crore made by Yes Bank in DHFL’s debentures.
HC refuses bail to Yes Bank founder Rana Kapoor's wife, daughters in DHFL corruption case
The three had approached the HC last week, challenging a special CBI court order of September 18 which refused them bail while noting that they had, prima facie, caused a loss of Rs 4,000 crore to the Yes Bank through illegal acts.
Court directs ED to file reply on Avantha Group promoter Gautam Thapar's bail plea by Oct 1
The application has claimed that the accused was no longer required for custodial interrogation and no purpose will be served by keeping him in further custody. The bail application moved through the law firm Karanjawal & Co., claimed that there was no possibility of the accused tampering with the evidence or influence the witnesses.
Bombay High Court reserves its order on bail plea of Rana Kapoor’s wife, daughters
The Kapoors, in three identical but separate bail pleas, challenged a special Central Bureau of Investigation (CBI) court order on Saturday that rejected their bail pleas and remanded them to judicial custody.
Yes Bank Scam: Rana Kapoor's daughter seeks exemption from personal appearance before the trial court
Rakhee Kapoor-Tandon who is a non-resident Indian and a resident of the United Kingdom has expressed her inability to travel to India owing to restrictions imposed due of Covid-19 pandemic.
Rana Kapoor’s wife, daughters move Bombay High Court for bail
The Kapoors, in three identical but separate bail pleas, challenged a special Central Bureau of Investigation (CBI) court order on Saturday that rejected their bail pleas and remanded them to judicial custody.
Yes Bank Scam: Bail pleas of Rana Kapoor’s wife, daughters rejected
Special CBI court judge SU Wadgaonkar said that the trio are involved in the wrongful loss of public money to the tune of ₹4,000 crore which belongs to public at large including poor bank depositors and shareholders while rejecting the bail plea.
Yes Bank scam: CBI court sends Rana Kapoor's wife, daughters to judicial custody
Observing that the trio are involved in the wrongful loss of public money to the tune of Rs 4,000 crores which belongs to public at large including poor bank depositors and shareholders, judge SU Wadgaonkar opined, “...considering the gravity and nature of offence and in the larger interest of society, as accused/applicants involved in causing wrongful loss to the huge public money of Rs.4,000 crores. Accordingly, applicants (bail plea) deserve to be rejected”.
Yes Bank-DHFL case: Rana Kapoor's wife, daughters remanded to judicial custody
Kapoor's wife Bindu and daughters Radha Khanna and Roshini have been named as accused in charge sheets filed by the probe agency in the case.
Yes Bank MD Rana Kapoor ignored warnings on DHFL deal, says CBI
The jailed banker also took undue personal interest in risky investments in Dewan Housing Finance Limited (DHFL), resulting in huge losses.
Yes Bank Scam: Rana Kapoor's wife, daughter get interim relief
In August, this year, CBI filed its supplementary charge sheet against Kapoor, his family members and four former junior employees of the bank in connection with the corruption case registered with the CBI pertaining to the loans given to DHFL.. The accused were summoned and the hearing in the said matter was scheduled for today.
Sebi orders defreezing of bank, demat accounts, MF folios of Rana Kapoor
The regulator, in March, had attached bank accounts, share and mutual fund holdings of Kapoor to recover dues of over Rs 1 crore. The decision was taken after Kapoor failed to pay the fine imposed on him.
Yes Bank laundering case: Enforcement Directorate gets special court okay to quiz Rana Kapoor
While the court on August 20 had allowed the federal agency’s plea to interrogate Kapoor between August 25 and 27 at the Taloja Central Prison, the promoter of YBL on Monday filed an application to recall the order on the ground of not being heard.
Special court lets Enforcement Directorate quiz Rana Kapoor
The case pertains to a loan taken by Oyster Buildwell, a holding company of Avantha Realty, from Yes Bank, and its alleged misappropriation between 2017 and 2019.
Avantha case: Court allows Rana Kapoor's lawyer to be present during ED's questioning
Kapoor is currently in judicial custody after being arrested in March 2020 in the alleged Yes Bank fraud case. The ED is probing an alleged transaction between the Avantha Group of Companies' promoter Gautam Thapar and Rana Kapoor and his wife.
Yes Bank Scam: Rana Kapoor files recall application against court's order allowing ED to question him
The ED had registered a money laundering case based on the predicate offence registered by the Central Bureau of Investigation (CBI) against Kapoor, his wife Bindu Kapoor and promoter of Avantha group, Gautam Thapar for “illegal gratification in lieu of favours extended in connection with official work".
Special court remands Yes Bank's former chief Rana Kapoor in CBI custody till August 21 in loan fraud case
The Central Bureau of Investigation had sought Kapoor’s custody in connection with a second First Information Report (FIR) it had registered in a fraud case involving transactions between the lender and the Avantha group.
Yes Bank board okays prosecution of Rana Kapoor
According to the CBI’s first chargesheet, in June 2018, Kapoor, the then head of Yes Bank’s management credit committee, sanctioned a loan of `750 crore on an application by the promoters of DHFL in the name of Belief Realtors Pvt Ltd to develop the Bandra Reclamation Project.
Yes Bank fraud case: ED arrests Gautam Thapar of Avantha Group
Last year the CBI had registered an FIR against Gautam Thapar and Avantha Group. The said FIR, registered in March last year, alleged criminal conspiracy, cheating, and obtaining illegal gratification against Rana Kapoor, former Managing Director of YES Bank and his kin.
Real estate firm accused in Rana Kapoor probe granted relief by Delhi high court
Yes Bank had classified the account of Delhi-based Oyster Buildwell as fraud on the grounds that it was a recipient of favours in the alleged loan-for-kickback scandal involving former promoter Rana Kapoor.
CBI files fresh case against Gautam Thapar, others
The new case pertains to a complaint filed by State Bank of India against CG Power & Industrial Solutions and others, including its then CEO, then CFO, then directors and unknown persons. The lenders’ consortium has accused them of causing an alleged loss of Rs 2,435 crore, the CBI said.
Loan default case: CBI conducts searches in Mumbai, Delhi against Avantha Group promoter Gautam Thapar
Earlier this month, the federal agency had booked Thapar, two private companies based at Delhi and Gurugram and their promoters and directors for causing an alleged loss of Rs. 466.51 crore (approx) to Yes Bank.
SAT upholds Sebi's fines on Rana Kapoor, two other entities
Sebi, in September 2020, had imposed a fine of Rs 1 crore on Kapoor for not making disclosures regarding the Morgan Credits transaction. By not disclosing the transaction to Yes Bank's board of directors, Kapoor has created an opaque layer between him and stakeholders, Sebi had said in its order passed in September 2020. In an order passed on June 18, the tribunal said that no interference in the quantum of penalty is warranted.
SAT upholds Sebi's fines on Rana Kapoor, two other entities
The entities -- Yes Capital (India) Pvt Ltd and Morgan Credits Pvt Ltd -- were penalised by Sebi in March 2021 for not making the requisite disclosures pertaining to the encumbrance of shares.
YES Bank gains ahead of board meet on fundraising
The company board will meet today to consider, approve and seek shareholders' approval for borrowing, the bank said in a regulatory filing earlier this week without quantifying the amount.
Industrialist Gautam Thapar booked in Rs 446-cr Yes Bank fraud
The accused have been booked under sections of criminal conspiracy, cheating, criminal breach of trust and forgery. Last year, the CBI had filed an FIR against Rana Kapoor, former MD of Yes Bank, and his family members apart from Gautam Thapar and his Avantha group in connection with the sale-purchase of a prime property on Amrita Shergill Marg in Delhi
Fresh FIR against Gautam Thapar of Avantha Group and others for defrauding YES Bank
The Central Bureau of Investigation has registered a fresh case against industrialist Gautam Thapar, promoter Avantha Group of Companies and others including their Directors/Promoters and unknown persons of private companies/bank officials for causing an alleged loss of Rs. 466.51 crore (approx) to Yes Bank.
CBI carries out searches in Yes Bank case
In the present case, the CBI has also booked Raghubir Kumar Sharma, Rajendra Kumar Mangal, Tapsi Mahajan, their companies Oyster Buildwell Pvt Ltd and Avantha Realty Pvt Ltd, and officials of Jhabua Power Ltd.
Yes Bank turns focus to lending after winning back depositors
Regaining depositors and raising capital were the first order of business for Kumar, who took over the reins of Yes Bank in March 2020 after regulators seized the lender to prevent its imminent collapse. A year later its deposits have grown nearly 55% as opposed to losing 40% of the total prior to the bailout.
Sebi orders attachment of bank, demat, MF accounts of Rana Kapoor
Sebi, in September 2020, had levied a fine of Rs 1 crore on Kapoor for not making disclosures regarding a transaction of Morgan Credit, which was an unlisted promoter entity of Yes Bank.
Stocks in the news: Tata Comm, Adani Ports, GAIL, Indiabulls Housing & Tata Steel
Astron Paper & Board MillCFO Parth Patel has tendered his resignation from the post with effect from April 20.
Lender Indiabulls Hsg sells Rana Kapoor’s property for Rs 114 crore
“Indiabulls had taken over the possession of the property in early January this year. The company had defaulted on three loans of ₹83.43 crore, ₹69.88 crore and ₹86.56 crore following which the finance company decided to go for auction at a base price of ₹114.32 crore,” said a person aware of the deal.
Indiabulls Housing Finance sells Rana Kapoor's South Delhi property for Rs 114 crore
The mortgage lender auctioned the property located on South Delhi’s Kautilya Marg in its efforts to recover nearly Rs 240 crore it had loaned to Bliss Villa, a company where Kapoor was the guarantor.
PMLA case: HC refuses bail to Yes Bank founder Rana Kapoor
The central agency is conducting an investigation against Kapoor, his wife, and their three daughters over a sum of Rs 600 crore received by a firm allegedly controlled by them from an entity linked to scam-hit Dewan Housing Finance Limited (DHFL).
Yes Bank: ED raids Mumbai builder Omkar Realtors in money laundering case
The action is being carried out under the Prevention of Money Laundering Act (PMLA) and the raids are aimed to gather more evidence, official sources said.
Peter Kerkar of Cox & Kings arrested by ED in money laundering case
In October, the ED had arrested Cox & Kings Group CFO Anil Khandelwal and internal auditor of Naresh Jain, under sections of the Prevention of Money Laundering Act (PMLA), in connection with the Yes Bank case.
Why allowing corporate houses to own banks is a bad idea
It’s just not RBI that should tread cautiously. Many corporates, used to appointing their pals as independent directors, influencing auditors and showering key managers with stock options, must note that besides staking their reputation, every move as a bank would need RBI clearance. It can be a stifling world of compliance they aren’t familiar with. For the regulator and the regulated, it would be like crossing the Rubicon.
Yes Bank lacked cost control; aim to cut operational expenses by 20% in FY21: CEO Prashant Kumar
The city-based lender is experiencing delays in loan recovery efforts as big defaulters are approaching courts, its new chief executive and managing director Prashant Kumar told PTI. Kumar was asked to lead Yes Bank in March after its rescue by a SBI-led consortium of lenders after alleged governance lapses under co-founder and chief executive Rana Kapoor.
No more sleepless nights for Yes Bank CEO Prashant Kumar
Yes Bank returned to profit in the quarter ended September and Kumar made provisions for potential covid-related losses.
Sebi imposes Rs 1 crore fine on Rana Kapoor for disclosure lapses
The disclosure violation pertains to a promoter entity, Morgan Credits Private Ltd raising Rs 950 crore from Reliance Mutual Fund through unlisted Zero Coupon Non-Convertible Debentures (ZCNCDs) on April 19, 2018.
CBI to seek Yes Bank board’s sanction to prosecute the bank's cofounder Rana Kapoor
The agency says Kapoor and his family received kickbacks of Rs 600 cr after Yes Bank invested Rs 3,700 cr in scam-hit DHFL's short-term debentures that were not redeemed.
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