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{{BLP sources|date=September 2016}}
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{{Use Indian English|date=July 2015}}
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{{Infobox person
| name = Rana Kapoor
| image = Rana Kapoor, CEO of Yes bank, at the World Economic Forum on India 2012.jpg
| caption = Kapoor in 2012
| birth_date = {{birth date and age|df=yes|1957|09|09}}<ref name="GHiscock_2007">{{cite book | title = India's global wealth club | author = Geoff Hiscock | edition = illustrated | publisher = [[John Wiley and Sons]] | year = 2007 | isbn = 978-0-470-82238-8 | page = 255 }}</ref>
| birth_place = [[New Delhi]], India
| residence = Mumbai, India
| nationality = Indian
| education =
| alma_mater = [[University of Delhi]]<br> [[Rutgers University]]
| net_worth = US$377 million (July 2019)<ref name="Times of India">{{cite news |title=Yes Bank founder Rana Kapoor's wealth shrinks by $1 billion |url=https://timesofindia.indiatimes.com/business/india-business/yes-bank-founder-rana-kapoors-wealth-shrinks-by-1-billion-as-lender-tumbles/articleshow/70276845.cms |accessdate=31 October 2019 |work=Times of India |date=18 July 2019}}</ref>
| spouse = Bindu Kapoor
| title = Co-founder, [[Yes Bank]]
| children = 3 daughters
| website = <!-- {{Url|www.example.com}} -->
| footnotes =
}}
'''Rana Kapoor''' (born 9 September 1957) is an Indian banker. He is the founder, and former managing director and CEO of [[Yes Bank]], an Indian private sector bank, with its registered office in [[Mumbai]].
== Early life and education ==
Kapoor was born and was brought up in [[New Delhi]]. He completed his schooling from [[The Frank Anthony Public School, New Delhi|Frank Anthony Public School]], [[New Delhi]] in 1973 and went on to earn BA degree from [[Shri Ram College of Commerce]] (1977).<ref>{{cite news |title=LUNCH WITH BS: Rana Kapoor |url=https://www.business-standard.com/article/opinion/lunch-with-bs-rana-kapoor-105030801008_1.html |date=June 14, 2013}}</ref> He then obtained an MBA degree from [[Rutgers University]] in [[New Jersey]], US (1980).<ref name="iba_expo">{{cite web
|url = http://www.iba-banktech.com/RanaKapoor.html
|title = Profile: Rana Kapoor
|work = Banking Technology Conference & Expo.
|publisher = Indian Banks' Association
|accessdate = 2010-06-20
|url-status = dead
|archiveurl = https://web.archive.org/web/20100419213553/http://www.iba-banktech.com/RanaKapoor.html
|archivedate = 19 April 2010
|df = dmy-all
}}</ref> Kapoor received an honorary fellowship from All India Management Association ([[All India Management Association|AIMA]]),President's Medal from Rutgers University,an honorary PhD from GB Pant University of Agriculture&Technology.<ref>{{cite news |title=Career timeline of Yes Bank co-founder Rana Kapoor |url=https://www.cnbctv18.com/economy/heres-career-timeline-of-yes-bank-co-founder-rana-kapoor-881861.htm |date=September 21, 2018}}</ref><ref>{{cite web |title=Rana Kapoor MD & CEO, YES BANK |url=https://www.huffingtonpost.in/author/rana-kapoor/ |accessdate=23 September 2019}}</ref>
== Banking career ==
In 1980, Kapoor joined [[Bank of America]] (BoA) as a management trainee. In 1990 he was presented the Eagle Pin by the chairman.{{citation needed|date=September 2016}} He eventually went on to head the wholesale banking business which included several assignments in Asian countries. Kapoor worked at BoA for about 16 years, till 1996, managing corporate, government and financial institution clients. He was awarded the chief executive officer's award by the chairman for his performance. In 1996, Kapoor joined [[ANZ Grindlays]] Investment Bank (ANZIB) as general manager & country head.<ref name="bs_lunch">{{cite web | url = http://www.business-standard.com/india/news/lunchbs-rana-kapoor/216122/| title = Lunch with BS: Rana Kapoor | date = 8 March 2005 | publisher = [[Business Standard]]| accessdate = 2010-06-20}}</ref> He worked there for two years, until 1998.
In February 1995, a team from [[Rabobank]] arrived in India, scouting for opportunities.<ref name="bs_lunch"/> Kapoor, his brother-in-law Ashok Kapur and Harkirat Singh made a proposal to the visiting team for two joint ventures: a [[non-banking financial company]] and a bank. During the next year, Kapoor held meetings with the Rabobank executives in India, Singapore and the Netherlands. The [[NBFC]] was set up in 1997, with the three Indian partners chipping in with an equity capital of ₹ 9 crore each. In 2003, the three sold their stake for $10 million each, generating the seed fund for the bank.<ref name="bs_lunch"/> In 2003, the team was granted a banking licence by the Reserve Bank of India (RBI) to set up Yes Bank. They established Yes Bank with the vision of "Building the Best Quality Bank of the world in India" by 2015.{{citation needed|date=September 2016}} Rana Kapoor held 26% stake in Yes Bank, Ashok Kapur held 11%, and [[Rabobank]] International held 20% stake.<ref>{{cite web| url = http://www.rediff.com/money/2003/nov/06rabo.htm| title = Rana Kapoor to exit Rabo, take up Yes Bank reins | publisher = [[Rediff.com]]| date = 2003-11-06 | accessdate = 2010-06-20}}</ref> Ashok Kapur died in 2008 in [[2008 Mumbai attacks|Mumbai 26/11 attacks]].<ref name="Ashok Kapur">{{cite news|title=Late Ashok Kapur |url=http://articles.timesofindia.indiatimes.com/2008-11-28/india-business/27894019_1_rana-kapoor-bank-spokesperson-new-generation-private-sector |accessdate=13 August 2012|newspaper=Times Of India|date=28 Nov 2008}}</ref>
In 2005, Kapoor was named [[Ernst & Young]]'s ''Start-up Entrepreneur of the Year''.<ref>{{cite web | url = http://getahead.rediff.com/report/2010/mar/15/career-rana-kapoor-the-harder-you-work-the-luckier-you-get.htm | title = 'The harder you work, the luckier you get' | publisher = [[Rediff.com]]| date = 2010-03-15 | accessdate = 2010-06-20}}</ref>
In January 2017, ''[[Bloomberg L.P.|Bloomberg]]'' noted that with the rising share price of Yes Bank, Kapoor had become a billionaire.<ref name="bloomberg1">{{cite web|author=Sterling Wong |url=https://www.bloomberg.com/news/articles/2017-01-19/yes-bank-turns-rana-kapoor-into-billionaire-as-stock-climbs |title=India Just Got a New Billionaire Thanks to Soaring Bank Shares |publisher=[[Bloomberg L.P.|Bloomberg]] |date= |accessdate=2017-01-28}}</ref>
In September 2018, Yes Bank announced that they had ordered Kapoor to step down from his CEO position in January 2019. 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.<ref name="Times of India"/>
=== Fraud and Arrest ===
{{Expand section|date=March 2020}}
On 8 March 2020, Enforcement Directorate under Prevention of Money Laundering Act: PMLA: registered a case against him and he was arrested.<ref>{{Cite news|url=https://www.livemint.com/companies/people/ed-raids-yes-bank-director-rana-kapoor-s-mumbai-residence-11583514816068.html|title=ED registers money laundering case against Rana Kapoor|work=Mint|access-date=2020-03-08}}</ref>
The [[Central Bureau of Investigation]] (CBI) charged Kapoor and his family members in a bribery and money-laundering case linked to Yes Bank.<ref>{{cite news |url=https://www.ndtv.com/india-news/yes-bank-founder-rana-kapoors-wife-daughter-charged-by-cbi-in-alleged-bribery-case-2192282 |title=Crisis-Hit Yes Bank Founder Rana Kapoor's Wife, Daughters Charged By CBI |publisher=NDTV |date=9 March 2020}}</ref> Kapoor denies the charges.<ref name=“veconomist” >{{cite news|author=|title= Yes Bank’s rescue deepens worries about Indian finance|url= https://www.economist.com/finance-and-economics/2020/03/14/yes-banks-rescue-deepens-worries-about-indian-finance|work=[[The Economist]]|date=14 March 2020}}</ref>
== Personal life ==
Kapoor resides in Mumbai, and is married to Bindu Kapoor. They have three daughters, Radha, Rakhee, Roshini. <ref name="Radha, Rakhee, Roshini & Anniket">{{cite news|title=Radha, Rakhee & Roshini|url=http://www.weddingsutra.com/blog/index.php/2012/04/04/rana-kapoor-hosts-a-glittering-engagement-ceremony-in-delhi|website=Weddingsutra.com|accessdate=4 April 2012}}</ref>
== References ==
{{Reflist}}
{{DEFAULTSORT:Kapoor, Rana}}
[[Category:Shri Ram College of Commerce alumni]]
[[Category:Rutgers University alumni]]
[[Category:Indian bankers]]
[[Category:Living people]]
[[Category:People from Delhi]]
[[Category:1957 births]]
[[Category:Former billionaires]]' |
New page wikitext, after the edit (new_wikitext) | '{{Multiple issues|
{{BLP sources|date=September 2016}}
{{Like resume|date=September 2016}}}}
{{Use Indian English|date=July 2015}}
{{Use dmy dates|date=July 2015}}
<br />
== Early life and education ==
Kapoor was born and was brought up in [[New Delhi]]. He completed his schooling from [[The Frank Anthony Public School, New Delhi|Frank Anthony Public School]], [[New Delhi]] in 1973 and went on to earn BA degree from [[Shri Ram College of Commerce]] (1977).<ref>{{cite news |title=LUNCH WITH BS: Rana Kapoor |url=https://www.business-standard.com/article/opinion/lunch-with-bs-rana-kapoor-105030801008_1.html |date=June 14, 2013}}</ref> He then obtained an MBA degree from [[Rutgers University]] in [[New Jersey]], US (1980).<ref name="iba_expo">{{cite web
|url = http://www.iba-banktech.com/RanaKapoor.html
|title = Profile: Rana Kapoor
|work = Banking Technology Conference & Expo.
|publisher = Indian Banks' Association
|accessdate = 2010-06-20
|url-status = dead
|archiveurl = https://web.archive.org/web/20100419213553/http://www.iba-banktech.com/RanaKapoor.html
|archivedate = 19 April 2010
|df = dmy-all
}}</ref> Kapoor received an honorary fellowship from All India Management Association ([[All India Management Association|AIMA]]),President's Medal from Rutgers University,an honorary PhD from GB Pant University of Agriculture&Technology.<ref>{{cite news |title=Career timeline of Yes Bank co-founder Rana Kapoor |url=https://www.cnbctv18.com/economy/heres-career-timeline-of-yes-bank-co-founder-rana-kapoor-881861.htm |date=September 21, 2018}}</ref><ref>{{cite web |title=Rana Kapoor MD & CEO, YES BANK |url=https://www.huffingtonpost.in/author/rana-kapoor/ |accessdate=23 September 2019}}</ref>
== Banking career ==
In 1980, Kapoor joined [[Bank of America]] (BoA) as a management trainee. In 1990 he was presented the Eagle Pin by the chairman.{{citation needed|date=September 2016}} He eventually went on to head the wholesale banking business which included several assignments in Asian countries. Kapoor worked at BoA for about 16 years, till 1996, managing corporate, government and financial institution clients. He was awarded the chief executive officer's award by the chairman for his performance. In 1996, Kapoor joined [[ANZ Grindlays]] Investment Bank (ANZIB) as general manager & country head.<ref name="bs_lunch">{{cite web | url = http://www.business-standard.com/india/news/lunchbs-rana-kapoor/216122/| title = Lunch with BS: Rana Kapoor | date = 8 March 2005 | publisher = [[Business Standard]]| accessdate = 2010-06-20}}</ref> He worked there for two years, until 1998.
In February 1995, a team from [[Rabobank]] arrived in India, scouting for opportunities.<ref name="bs_lunch"/> Kapoor, his brother-in-law Ashok Kapur and Harkirat Singh made a proposal to the visiting team for two joint ventures: a [[non-banking financial company]] and a bank. During the next year, Kapoor held meetings with the Rabobank executives in India, Singapore and the Netherlands. The [[NBFC]] was set up in 1997, with the three Indian partners chipping in with an equity capital of ₹ 9 crore each. In 2003, the three sold their stake for $10 million each, generating the seed fund for the bank.<ref name="bs_lunch"/> In 2003, the team was granted a banking licence by the Reserve Bank of India (RBI) to set up Yes Bank. They established Yes Bank with the vision of "Building the Best Quality Bank of the world in India" by 2015.{{citation needed|date=September 2016}} Rana Kapoor held 26% stake in Yes Bank, Ashok Kapur held 11%, and [[Rabobank]] International held 20% stake.<ref>{{cite web| url = http://www.rediff.com/money/2003/nov/06rabo.htm| title = Rana Kapoor to exit Rabo, take up Yes Bank reins | publisher = [[Rediff.com]]| date = 2003-11-06 | accessdate = 2010-06-20}}</ref> Ashok Kapur died in 2008 in [[2008 Mumbai attacks|Mumbai 26/11 attacks]].<ref name="Ashok Kapur">{{cite news|title=Late Ashok Kapur |url=http://articles.timesofindia.indiatimes.com/2008-11-28/india-business/27894019_1_rana-kapoor-bank-spokesperson-new-generation-private-sector |accessdate=13 August 2012|newspaper=Times Of India|date=28 Nov 2008}}</ref>
In 2005, Kapoor was named [[Ernst & Young]]'s ''Start-up Entrepreneur of the Year''.<ref>{{cite web | url = http://getahead.rediff.com/report/2010/mar/15/career-rana-kapoor-the-harder-you-work-the-luckier-you-get.htm | title = 'The harder you work, the luckier you get' | publisher = [[Rediff.com]]| date = 2010-03-15 | accessdate = 2010-06-20}}</ref>
In January 2017, ''[[Bloomberg L.P.|Bloomberg]]'' noted that with the rising share price of Yes Bank, Kapoor had become a billionaire.<ref name="bloomberg1">{{cite web|author=Sterling Wong |url=https://www.bloomberg.com/news/articles/2017-01-19/yes-bank-turns-rana-kapoor-into-billionaire-as-stock-climbs |title=India Just Got a New Billionaire Thanks to Soaring Bank Shares |publisher=[[Bloomberg L.P.|Bloomberg]] |date= |accessdate=2017-01-28}}</ref>
In September 2018, Yes Bank announced that they had ordered Kapoor to step down from his CEO position in January 2019. 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.<ref name="Times of India"/>
=== Fraud and Arrest ===
{{Expand section|date=March 2020}}
On 8 March 2020, Enforcement Directorate under Prevention of Money Laundering Act: PMLA: registered a case against him and he was arrested.<ref>{{Cite news|url=https://www.livemint.com/companies/people/ed-raids-yes-bank-director-rana-kapoor-s-mumbai-residence-11583514816068.html|title=ED registers money laundering case against Rana Kapoor|work=Mint|access-date=2020-03-08}}</ref>
The [[Central Bureau of Investigation]] (CBI) charged Kapoor and his family members in a bribery and money-laundering case linked to Yes Bank.<ref>{{cite news |url=https://www.ndtv.com/india-news/yes-bank-founder-rana-kapoors-wife-daughter-charged-by-cbi-in-alleged-bribery-case-2192282 |title=Crisis-Hit Yes Bank Founder Rana Kapoor's Wife, Daughters Charged By CBI |publisher=NDTV |date=9 March 2020}}</ref> Kapoor denies the charges.<ref name=“veconomist” >{{cite news|author=|title= Yes Bank’s rescue deepens worries about Indian finance|url= https://www.economist.com/finance-and-economics/2020/03/14/yes-banks-rescue-deepens-worries-about-indian-finance|work=[[The Economist]]|date=14 March 2020}}</ref>
== Personal life ==
Kapoor resides in Mumbai, and is married to Bindu Kapoor. They have three daughters, Radha, Rakhee, Roshini. <ref name="Radha, Rakhee, Roshini & Anniket">{{cite news|title=Radha, Rakhee & Roshini|url=http://www.weddingsutra.com/blog/index.php/2012/04/04/rana-kapoor-hosts-a-glittering-engagement-ceremony-in-delhi|website=Weddingsutra.com|accessdate=4 April 2012}}</ref>
== References ==
{{Reflist}}
{{DEFAULTSORT:Kapoor, Rana}}
[[Category:Shri Ram College of Commerce alumni]]
[[Category:Rutgers University alumni]]
[[Category:Indian bankers]]
[[Category:Living people]]
[[Category:People from Delhi]]
[[Category:1957 births]]
[[Category:Former billionaires]]' |
Unified diff of changes made by edit (edit_diff) | '@@ -4,22 +4,6 @@
{{Use Indian English|date=July 2015}}
{{Use dmy dates|date=July 2015}}
-{{Infobox person
-| name = Rana Kapoor
-| image = Rana Kapoor, CEO of Yes bank, at the World Economic Forum on India 2012.jpg
-| caption = Kapoor in 2012
-| birth_date = {{birth date and age|df=yes|1957|09|09}}<ref name="GHiscock_2007">{{cite book | title = India's global wealth club | author = Geoff Hiscock | edition = illustrated | publisher = [[John Wiley and Sons]] | year = 2007 | isbn = 978-0-470-82238-8 | page = 255 }}</ref>
-| birth_place = [[New Delhi]], India
-| residence = Mumbai, India
-| nationality = Indian
-| education =
-| alma_mater = [[University of Delhi]]<br> [[Rutgers University]]
-| net_worth = US$377 million (July 2019)<ref name="Times of India">{{cite news |title=Yes Bank founder Rana Kapoor's wealth shrinks by $1 billion |url=https://timesofindia.indiatimes.com/business/india-business/yes-bank-founder-rana-kapoors-wealth-shrinks-by-1-billion-as-lender-tumbles/articleshow/70276845.cms |accessdate=31 October 2019 |work=Times of India |date=18 July 2019}}</ref>
-| spouse = Bindu Kapoor
-| title = Co-founder, [[Yes Bank]]
-| children = 3 daughters
-| website = <!-- {{Url|www.example.com}} -->
-| footnotes =
-}}
-'''Rana Kapoor''' (born 9 September 1957) is an Indian banker. He is the founder, and former managing director and CEO of [[Yes Bank]], an Indian private sector bank, with its registered office in [[Mumbai]].
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== Early life and education ==
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14 => 'http://www.rediff.com/money/2003/nov/06rabo.htm',
15 => 'http://www.weddingsutra.com/blog/index.php/2012/04/04/rana-kapoor-hosts-a-glittering-engagement-ceremony-in-delhi',
16 => 'https://timesofindia.indiatimes.com/business/india-business/yes-bank-founder-rana-kapoors-wealth-shrinks-by-1-billion-as-lender-tumbles/articleshow/70276845.cms',
17 => 'https://web.archive.org/web/20100419213553/http://www.iba-banktech.com/RanaKapoor.html',
18 => 'https://www.bloomberg.com/news/articles/2017-01-19/yes-bank-turns-rana-kapoor-into-billionaire-as-stock-climbs',
19 => 'https://www.business-standard.com/article/opinion/lunch-with-bs-rana-kapoor-105030801008_1.html',
20 => 'https://www.cnbctv18.com/economy/heres-career-timeline-of-yes-bank-co-founder-rana-kapoor-881861.htm',
21 => 'https://www.economist.com/finance-and-economics/2020/03/14/yes-banks-rescue-deepens-worries-about-indian-finance',
22 => 'https://www.huffingtonpost.in/author/rana-kapoor/',
23 => 'https://www.jstor.org/action/doBasicSearch?Query=%22Rana+Kapoor%22&acc=on&wc=on',
24 => 'https://www.livemint.com/companies/people/ed-raids-yes-bank-director-rana-kapoor-s-mumbai-residence-11583514816068.html',
25 => 'https://www.ndtv.com/india-news/yes-bank-founder-rana-kapoors-wife-daughter-charged-by-cbi-in-alleged-bribery-case-2192282'
] |
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</p><p><br />
</p>
<div id="toc" class="toc" role="navigation" aria-labelledby="mw-toc-heading"><input type="checkbox" role="button" id="toctogglecheckbox" class="toctogglecheckbox" style="display:none" /><div class="toctitle" lang="en" dir="ltr"><h2 id="mw-toc-heading">Contents</h2><span class="toctogglespan"><label class="toctogglelabel" for="toctogglecheckbox"></label></span></div>
<ul>
<li class="toclevel-1 tocsection-1"><a href="#Early_life_and_education"><span class="tocnumber">1</span> <span class="toctext">Early life and education</span></a></li>
<li class="toclevel-1 tocsection-2"><a href="#Banking_career"><span class="tocnumber">2</span> <span class="toctext">Banking career</span></a>
<ul>
<li class="toclevel-2 tocsection-3"><a href="#Fraud_and_Arrest"><span class="tocnumber">2.1</span> <span class="toctext">Fraud and Arrest</span></a></li>
</ul>
</li>
<li class="toclevel-1 tocsection-4"><a href="#Personal_life"><span class="tocnumber">3</span> <span class="toctext">Personal life</span></a></li>
<li class="toclevel-1 tocsection-5"><a href="#References"><span class="tocnumber">4</span> <span class="toctext">References</span></a></li>
</ul>
</div>
<h2><span class="mw-headline" id="Early_life_and_education">Early life and education</span></h2>
<p>Kapoor was born and was brought up in <a href="/enwiki/wiki/New_Delhi" title="New Delhi">New Delhi</a>. He completed his schooling from <a href="/enwiki/wiki/The_Frank_Anthony_Public_School,_New_Delhi" title="The Frank Anthony Public School, New Delhi">Frank Anthony Public School</a>, <a href="/enwiki/wiki/New_Delhi" title="New Delhi">New Delhi</a> in 1973 and went on to earn BA degree from <a href="/enwiki/wiki/Shri_Ram_College_of_Commerce" title="Shri Ram College of Commerce">Shri Ram College of Commerce</a> (1977).<sup id="cite_ref-1" class="reference"><a href="#cite_note-1">[1]</a></sup> He then obtained an MBA degree from <a href="/enwiki/wiki/Rutgers_University" title="Rutgers University">Rutgers University</a> in <a href="/enwiki/wiki/New_Jersey" title="New Jersey">New Jersey</a>, US (1980).<sup id="cite_ref-iba_expo_2-0" class="reference"><a href="#cite_note-iba_expo-2">[2]</a></sup> Kapoor received an honorary fellowship from All India Management Association (<a href="/enwiki/wiki/All_India_Management_Association" title="All India Management Association">AIMA</a>),President's Medal from Rutgers University,an honorary PhD from GB Pant University of Agriculture&Technology.<sup id="cite_ref-3" class="reference"><a href="#cite_note-3">[3]</a></sup><sup id="cite_ref-4" class="reference"><a href="#cite_note-4">[4]</a></sup>
</p>
<h2><span class="mw-headline" id="Banking_career">Banking career</span></h2>
<p>In 1980, Kapoor joined <a href="/enwiki/wiki/Bank_of_America" title="Bank of America">Bank of America</a> (BoA) as a management trainee. In 1990 he was presented the Eagle Pin by the chairman.<sup class="noprint Inline-Template Template-Fact" style="white-space:nowrap;">[<i><a href="/enwiki/wiki/Wikipedia:Citation_needed" title="Wikipedia:Citation needed"><span title="This claim needs references to reliable sources. (September 2016)">citation needed</span></a></i>]</sup> He eventually went on to head the wholesale banking business which included several assignments in Asian countries. Kapoor worked at BoA for about 16 years, till 1996, managing corporate, government and financial institution clients. He was awarded the chief executive officer's award by the chairman for his performance. In 1996, Kapoor joined <a href="/enwiki/wiki/ANZ_Grindlays" class="mw-redirect" title="ANZ Grindlays">ANZ Grindlays</a> Investment Bank (ANZIB) as general manager & country head.<sup id="cite_ref-bs_lunch_5-0" class="reference"><a href="#cite_note-bs_lunch-5">[5]</a></sup> He worked there for two years, until 1998.
</p><p>In February 1995, a team from <a href="/enwiki/wiki/Rabobank" title="Rabobank">Rabobank</a> arrived in India, scouting for opportunities.<sup id="cite_ref-bs_lunch_5-1" class="reference"><a href="#cite_note-bs_lunch-5">[5]</a></sup> Kapoor, his brother-in-law Ashok Kapur and Harkirat Singh made a proposal to the visiting team for two joint ventures: a <a href="/enwiki/wiki/Non-banking_financial_company" class="mw-redirect" title="Non-banking financial company">non-banking financial company</a> and a bank. During the next year, Kapoor held meetings with the Rabobank executives in India, Singapore and the Netherlands. The <a href="/enwiki/wiki/NBFC" class="mw-redirect" title="NBFC">NBFC</a> was set up in 1997, with the three Indian partners chipping in with an equity capital of ₹ 9 crore each. In 2003, the three sold their stake for $10 million each, generating the seed fund for the bank.<sup id="cite_ref-bs_lunch_5-2" class="reference"><a href="#cite_note-bs_lunch-5">[5]</a></sup> In 2003, the team was granted a banking licence by the Reserve Bank of India (RBI) to set up Yes Bank. They established Yes Bank with the vision of "Building the Best Quality Bank of the world in India" by 2015.<sup class="noprint Inline-Template Template-Fact" style="white-space:nowrap;">[<i><a href="/enwiki/wiki/Wikipedia:Citation_needed" title="Wikipedia:Citation needed"><span title="This claim needs references to reliable sources. (September 2016)">citation needed</span></a></i>]</sup> Rana Kapoor held 26% stake in Yes Bank, Ashok Kapur held 11%, and <a href="/enwiki/wiki/Rabobank" title="Rabobank">Rabobank</a> International held 20% stake.<sup id="cite_ref-6" class="reference"><a href="#cite_note-6">[6]</a></sup> Ashok Kapur died in 2008 in <a href="/enwiki/wiki/2008_Mumbai_attacks" title="2008 Mumbai attacks">Mumbai 26/11 attacks</a>.<sup id="cite_ref-Ashok_Kapur_7-0" class="reference"><a href="#cite_note-Ashok_Kapur-7">[7]</a></sup>
</p><p>In 2005, Kapoor was named <a href="/enwiki/wiki/Ernst_%26_Young" title="Ernst & Young">Ernst & Young</a>'s <i>Start-up Entrepreneur of the Year</i>.<sup id="cite_ref-8" class="reference"><a href="#cite_note-8">[8]</a></sup>
</p><p>In January 2017, <i><a href="/enwiki/wiki/Bloomberg_L.P." title="Bloomberg L.P.">Bloomberg</a></i> noted that with the rising share price of Yes Bank, Kapoor had become a billionaire.<sup id="cite_ref-bloomberg1_9-0" class="reference"><a href="#cite_note-bloomberg1-9">[9]</a></sup>
</p><p>In September 2018, Yes Bank announced that they had ordered Kapoor to step down from his CEO position in January 2019. 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.<sup id="cite_ref-Times_of_India_10-0" class="reference"><a href="#cite_note-Times_of_India-10">[10]</a></sup>
</p>
<h3><span class="mw-headline" id="Fraud_and_Arrest">Fraud and Arrest</span></h3>
<table class="box-Expand_section plainlinks metadata ambox mbox-small-left ambox-content" role="presentation"><tbody><tr><td class="mbox-image"><a href="/enwiki/wiki/File:Wiki_letter_w_cropped.svg" class="image"><img alt="[icon]" src="/upwiki/wikipedia/commons/thumb/1/1c/Wiki_letter_w_cropped.svg/20px-Wiki_letter_w_cropped.svg.png" decoding="async" width="20" height="14" srcset="/upwiki/wikipedia/commons/thumb/1/1c/Wiki_letter_w_cropped.svg/30px-Wiki_letter_w_cropped.svg.png 1.5x, /upwiki/wikipedia/commons/thumb/1/1c/Wiki_letter_w_cropped.svg/40px-Wiki_letter_w_cropped.svg.png 2x" data-file-width="44" data-file-height="31" /></a></td><td class="mbox-text"><div class="mbox-text-span">This section <b>needs expansion</b>. <small>You can help by <a class="external text" href="https://en.wikipedia.org/enwiki/w/index.php?title=Rana_Kapoor&action=edit&section=">adding to it</a>.</small> <small class="date-container"><i>(<span class="date">March 2020</span>)</i></small></div></td></tr></tbody></table>
<p>On 8 March 2020, Enforcement Directorate under Prevention of Money Laundering Act: PMLA: registered a case against him and he was arrested.<sup id="cite_ref-11" class="reference"><a href="#cite_note-11">[11]</a></sup>
</p><p>The <a href="/enwiki/wiki/Central_Bureau_of_Investigation" title="Central Bureau of Investigation">Central Bureau of Investigation</a> (CBI) charged Kapoor and his family members in a bribery and money-laundering case linked to Yes Bank.<sup id="cite_ref-12" class="reference"><a href="#cite_note-12">[12]</a></sup> Kapoor denies the charges.<sup id="cite_ref-“veconomist”_13-0" class="reference"><a href="#cite_note-“veconomist”-13">[13]</a></sup>
</p>
<h2><span class="mw-headline" id="Personal_life">Personal life</span></h2>
<p>Kapoor resides in Mumbai, and is married to Bindu Kapoor. They have three daughters, Radha, Rakhee, Roshini. <sup id="cite_ref-Radha,_Rakhee,_Roshini_&_Anniket_14-0" class="reference"><a href="#cite_note-Radha,_Rakhee,_Roshini_&_Anniket-14">[14]</a></sup>
</p>
<h2><span class="mw-headline" id="References">References</span></h2>
<div class="reflist" style="list-style-type: decimal;">
<div class="mw-references-wrap mw-references-columns"><ol class="references">
<li id="cite_note-1"><span class="mw-cite-backlink"><b><a href="#cite_ref-1">^</a></b></span> <span class="reference-text"><cite class="citation news"><a rel="nofollow" class="external text" href="https://www.business-standard.com/article/opinion/lunch-with-bs-rana-kapoor-105030801008_1.html">"LUNCH WITH BS: Rana Kapoor"</a>. 14 June 2013.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.atitle=LUNCH+WITH+BS%3A+Rana+Kapoor&rft.date=2013-06-14&rft_id=https%3A%2F%2Fwww.business-standard.com%2Farticle%2Fopinion%2Flunch-with-bs-rana-kapoor-105030801008_1.html&rfr_id=info%3Asid%2Fen.wikipedia.org%3ARana+Kapoor" class="Z3988"></span><style data-mw-deduplicate="TemplateStyles:r935243608">.mw-parser-output cite.citation{font-style:inherit}.mw-parser-output .citation q{quotes:"\"""\"""'""'"}.mw-parser-output .id-lock-free a,.mw-parser-output .citation .cs1-lock-free a{background:url("/upwiki/wikipedia/commons/thumb/6/65/Lock-green.svg/9px-Lock-green.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .id-lock-limited a,.mw-parser-output .id-lock-registration a,.mw-parser-output .citation .cs1-lock-limited a,.mw-parser-output .citation .cs1-lock-registration a{background:url("/upwiki/wikipedia/commons/thumb/d/d6/Lock-gray-alt-2.svg/9px-Lock-gray-alt-2.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .id-lock-subscription a,.mw-parser-output .citation .cs1-lock-subscription a{background:url("/upwiki/wikipedia/commons/thumb/a/aa/Lock-red-alt-2.svg/9px-Lock-red-alt-2.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration{color:#555}.mw-parser-output .cs1-subscription span,.mw-parser-output .cs1-registration span{border-bottom:1px dotted;cursor:help}.mw-parser-output .cs1-ws-icon a{background:url("/upwiki/wikipedia/commons/thumb/4/4c/Wikisource-logo.svg/12px-Wikisource-logo.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output code.cs1-code{color:inherit;background:inherit;border:inherit;padding:inherit}.mw-parser-output .cs1-hidden-error{display:none;font-size:100%}.mw-parser-output .cs1-visible-error{font-size:100%}.mw-parser-output .cs1-maint{display:none;color:#33aa33;margin-left:0.3em}.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration,.mw-parser-output .cs1-format{font-size:95%}.mw-parser-output .cs1-kern-left,.mw-parser-output .cs1-kern-wl-left{padding-left:0.2em}.mw-parser-output .cs1-kern-right,.mw-parser-output .cs1-kern-wl-right{padding-right:0.2em}</style></span>
</li>
<li id="cite_note-iba_expo-2"><span class="mw-cite-backlink"><b><a href="#cite_ref-iba_expo_2-0">^</a></b></span> <span class="reference-text"><cite class="citation web"><a rel="nofollow" class="external text" href="https://web.archive.org/web/20100419213553/http://www.iba-banktech.com/RanaKapoor.html">"Profile: Rana Kapoor"</a>. <i>Banking Technology Conference & Expo</i>. Indian Banks' Association. Archived from <a rel="nofollow" class="external text" href="http://www.iba-banktech.com/RanaKapoor.html">the original</a> on 19 April 2010<span class="reference-accessdate">. Retrieved <span class="nowrap">20 June</span> 2010</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Banking+Technology+Conference+%26+Expo.&rft.atitle=Profile%3A+Rana+Kapoor&rft_id=http%3A%2F%2Fwww.iba-banktech.com%2FRanaKapoor.html&rfr_id=info%3Asid%2Fen.wikipedia.org%3ARana+Kapoor" class="Z3988"></span><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r935243608"/></span>
</li>
<li id="cite_note-3"><span class="mw-cite-backlink"><b><a href="#cite_ref-3">^</a></b></span> <span class="reference-text"><cite class="citation news"><a rel="nofollow" class="external text" href="https://www.cnbctv18.com/economy/heres-career-timeline-of-yes-bank-co-founder-rana-kapoor-881861.htm">"Career timeline of Yes Bank co-founder Rana Kapoor"</a>. 21 September 2018.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.atitle=Career+timeline+of+Yes+Bank+co-founder+Rana+Kapoor&rft.date=2018-09-21&rft_id=https%3A%2F%2Fwww.cnbctv18.com%2Feconomy%2Fheres-career-timeline-of-yes-bank-co-founder-rana-kapoor-881861.htm&rfr_id=info%3Asid%2Fen.wikipedia.org%3ARana+Kapoor" class="Z3988"></span><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r935243608"/></span>
</li>
<li id="cite_note-4"><span class="mw-cite-backlink"><b><a href="#cite_ref-4">^</a></b></span> <span class="reference-text"><cite class="citation web"><a rel="nofollow" class="external text" href="https://www.huffingtonpost.in/author/rana-kapoor/">"Rana Kapoor MD & CEO, YES BANK"</a><span class="reference-accessdate">. Retrieved <span class="nowrap">23 September</span> 2019</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=unknown&rft.btitle=Rana+Kapoor+MD+%26+CEO%2C+YES+BANK&rft_id=https%3A%2F%2Fwww.huffingtonpost.in%2Fauthor%2Frana-kapoor%2F&rfr_id=info%3Asid%2Fen.wikipedia.org%3ARana+Kapoor" class="Z3988"></span><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r935243608"/></span>
</li>
<li id="cite_note-bs_lunch-5"><span class="mw-cite-backlink">^ <a href="#cite_ref-bs_lunch_5-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-bs_lunch_5-1"><sup><i><b>b</b></i></sup></a> <a href="#cite_ref-bs_lunch_5-2"><sup><i><b>c</b></i></sup></a></span> <span class="reference-text"><cite class="citation web"><a rel="nofollow" class="external text" href="http://www.business-standard.com/india/news/lunchbs-rana-kapoor/216122/">"Lunch with BS: Rana Kapoor"</a>. <a href="/enwiki/wiki/Business_Standard" title="Business Standard">Business Standard</a>. 8 March 2005<span class="reference-accessdate">. Retrieved <span class="nowrap">20 June</span> 2010</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=unknown&rft.btitle=Lunch+with+BS%3A+Rana+Kapoor&rft.pub=Business+Standard&rft.date=2005-03-08&rft_id=http%3A%2F%2Fwww.business-standard.com%2Findia%2Fnews%2Flunchbs-rana-kapoor%2F216122%2F&rfr_id=info%3Asid%2Fen.wikipedia.org%3ARana+Kapoor" class="Z3988"></span><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r935243608"/></span>
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<li id="cite_note-6"><span class="mw-cite-backlink"><b><a href="#cite_ref-6">^</a></b></span> <span class="reference-text"><cite class="citation web"><a rel="nofollow" class="external text" href="http://www.rediff.com/money/2003/nov/06rabo.htm">"Rana Kapoor to exit Rabo, take up Yes Bank reins"</a>. <a href="/enwiki/wiki/Rediff.com" title="Rediff.com">Rediff.com</a>. 6 November 2003<span class="reference-accessdate">. Retrieved <span class="nowrap">20 June</span> 2010</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=unknown&rft.btitle=Rana+Kapoor+to+exit+Rabo%2C+take+up+Yes+Bank+reins&rft.pub=Rediff.com&rft.date=2003-11-06&rft_id=http%3A%2F%2Fwww.rediff.com%2Fmoney%2F2003%2Fnov%2F06rabo.htm&rfr_id=info%3Asid%2Fen.wikipedia.org%3ARana+Kapoor" class="Z3988"></span><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r935243608"/></span>
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<li id="cite_note-Ashok_Kapur-7"><span class="mw-cite-backlink"><b><a href="#cite_ref-Ashok_Kapur_7-0">^</a></b></span> <span class="reference-text"><cite class="citation news"><a rel="nofollow" class="external text" href="http://articles.timesofindia.indiatimes.com/2008-11-28/india-business/27894019_1_rana-kapoor-bank-spokesperson-new-generation-private-sector">"Late Ashok Kapur"</a>. <i>Times Of India</i>. 28 November 2008<span class="reference-accessdate">. Retrieved <span class="nowrap">13 August</span> 2012</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=Times+Of+India&rft.atitle=Late+Ashok+Kapur&rft.date=2008-11-28&rft_id=http%3A%2F%2Farticles.timesofindia.indiatimes.com%2F2008-11-28%2Findia-business%2F27894019_1_rana-kapoor-bank-spokesperson-new-generation-private-sector&rfr_id=info%3Asid%2Fen.wikipedia.org%3ARana+Kapoor" class="Z3988"></span><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r935243608"/></span>
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<li id="cite_note-8"><span class="mw-cite-backlink"><b><a href="#cite_ref-8">^</a></b></span> <span class="reference-text"><cite class="citation web"><a rel="nofollow" class="external text" href="http://getahead.rediff.com/report/2010/mar/15/career-rana-kapoor-the-harder-you-work-the-luckier-you-get.htm">"<span class="cs1-kern-left">'</span>The harder you work, the luckier you get<span class="cs1-kern-right">'</span>"</a>. <a href="/enwiki/wiki/Rediff.com" title="Rediff.com">Rediff.com</a>. 15 March 2010<span class="reference-accessdate">. Retrieved <span class="nowrap">20 June</span> 2010</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=unknown&rft.btitle=%27The+harder+you+work%2C+the+luckier+you+get%27&rft.pub=Rediff.com&rft.date=2010-03-15&rft_id=http%3A%2F%2Fgetahead.rediff.com%2Freport%2F2010%2Fmar%2F15%2Fcareer-rana-kapoor-the-harder-you-work-the-luckier-you-get.htm&rfr_id=info%3Asid%2Fen.wikipedia.org%3ARana+Kapoor" class="Z3988"></span><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r935243608"/></span>
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<li id="cite_note-bloomberg1-9"><span class="mw-cite-backlink"><b><a href="#cite_ref-bloomberg1_9-0">^</a></b></span> <span class="reference-text"><cite class="citation web">Sterling Wong. <a rel="nofollow" class="external text" href="https://www.bloomberg.com/news/articles/2017-01-19/yes-bank-turns-rana-kapoor-into-billionaire-as-stock-climbs">"India Just Got a New Billionaire Thanks to Soaring Bank Shares"</a>. <a href="/enwiki/wiki/Bloomberg_L.P." title="Bloomberg L.P.">Bloomberg</a><span class="reference-accessdate">. Retrieved <span class="nowrap">28 January</span> 2017</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=unknown&rft.btitle=India+Just+Got+a+New+Billionaire+Thanks+to+Soaring+Bank+Shares&rft.pub=Bloomberg&rft.au=Sterling+Wong&rft_id=https%3A%2F%2Fwww.bloomberg.com%2Fnews%2Farticles%2F2017-01-19%2Fyes-bank-turns-rana-kapoor-into-billionaire-as-stock-climbs&rfr_id=info%3Asid%2Fen.wikipedia.org%3ARana+Kapoor" class="Z3988"></span><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r935243608"/></span>
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<li id="cite_note-Times_of_India-10"><span class="mw-cite-backlink"><b><a href="#cite_ref-Times_of_India_10-0">^</a></b></span> <span class="error mw-ext-cite-error" lang="en" dir="ltr">Cite error: The named reference <code>Times of India</code> was invoked but never defined (see the <a href="/enwiki/wiki/Help:Cite_errors/Cite_error_references_no_text" title="Help:Cite errors/Cite error references no text">help page</a>).
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<li id="cite_note-11"><span class="mw-cite-backlink"><b><a href="#cite_ref-11">^</a></b></span> <span class="reference-text"><cite class="citation news"><a rel="nofollow" class="external text" href="https://www.livemint.com/companies/people/ed-raids-yes-bank-director-rana-kapoor-s-mumbai-residence-11583514816068.html">"ED registers money laundering case against Rana Kapoor"</a>. <i>Mint</i><span class="reference-accessdate">. Retrieved <span class="nowrap">8 March</span> 2020</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=Mint&rft.atitle=ED+registers+money+laundering+case+against+Rana+Kapoor&rft_id=https%3A%2F%2Fwww.livemint.com%2Fcompanies%2Fpeople%2Fed-raids-yes-bank-director-rana-kapoor-s-mumbai-residence-11583514816068.html&rfr_id=info%3Asid%2Fen.wikipedia.org%3ARana+Kapoor" class="Z3988"></span><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r935243608"/></span>
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<li id="cite_note-12"><span class="mw-cite-backlink"><b><a href="#cite_ref-12">^</a></b></span> <span class="reference-text"><cite class="citation news"><a rel="nofollow" class="external text" href="https://www.ndtv.com/india-news/yes-bank-founder-rana-kapoors-wife-daughter-charged-by-cbi-in-alleged-bribery-case-2192282">"Crisis-Hit Yes Bank Founder Rana Kapoor's Wife, Daughters Charged By CBI"</a>. NDTV. 9 March 2020.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.atitle=Crisis-Hit+Yes+Bank+Founder+Rana+Kapoor%27s+Wife%2C+Daughters+Charged+By+CBI&rft.date=2020-03-09&rft_id=https%3A%2F%2Fwww.ndtv.com%2Findia-news%2Fyes-bank-founder-rana-kapoors-wife-daughter-charged-by-cbi-in-alleged-bribery-case-2192282&rfr_id=info%3Asid%2Fen.wikipedia.org%3ARana+Kapoor" class="Z3988"></span><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r935243608"/></span>
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<li id="cite_note-“veconomist”-13"><span class="mw-cite-backlink"><b><a href="#cite_ref-“veconomist”_13-0">^</a></b></span> <span class="reference-text"><cite class="citation news"><a rel="nofollow" class="external text" href="https://www.economist.com/finance-and-economics/2020/03/14/yes-banks-rescue-deepens-worries-about-indian-finance">"Yes Bank's rescue deepens worries about Indian finance"</a>. <i><a href="/enwiki/wiki/The_Economist" title="The Economist">The Economist</a></i>. 14 March 2020.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=The+Economist&rft.atitle=Yes+Bank%E2%80%99s+rescue+deepens+worries+about+Indian+finance&rft.date=2020-03-14&rft_id=https%3A%2F%2Fwww.economist.com%2Ffinance-and-economics%2F2020%2F03%2F14%2Fyes-banks-rescue-deepens-worries-about-indian-finance&rfr_id=info%3Asid%2Fen.wikipedia.org%3ARana+Kapoor" class="Z3988"></span><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r935243608"/></span>
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<li id="cite_note-Radha,_Rakhee,_Roshini_&_Anniket-14"><span class="mw-cite-backlink"><b><a href="#cite_ref-Radha,_Rakhee,_Roshini_&_Anniket_14-0">^</a></b></span> <span class="reference-text"><cite class="citation news"><a rel="nofollow" class="external text" href="http://www.weddingsutra.com/blog/index.php/2012/04/04/rana-kapoor-hosts-a-glittering-engagement-ceremony-in-delhi">"Radha, Rakhee & Roshini"</a>. <i>Weddingsutra.com</i><span class="reference-accessdate">. Retrieved <span class="nowrap">4 April</span> 2012</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=Weddingsutra.com&rft.atitle=Radha%2C+Rakhee+%26+Roshini&rft_id=http%3A%2F%2Fwww.weddingsutra.com%2Fblog%2Findex.php%2F2012%2F04%2F04%2Frana-kapoor-hosts-a-glittering-engagement-ceremony-in-delhi&rfr_id=info%3Asid%2Fen.wikipedia.org%3ARana+Kapoor" class="Z3988"></span><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r935243608"/></span>
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</ol></div></div>
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Whether or not the change was made through a Tor exit node (tor_exit_node) | false |
Unix timestamp of change (timestamp) | 1584902595 |