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Book Title: Yes Man: The untold story of Rana Kapoor
Author: Pavan C Lall
Sanjay Khurana
The year was 2004 when a non-banking financial company applied for a licence to operate as a private bank. It bagged the licence and Yes Bank was born. It soon became the fourth largest private bank in the country.
Rana Kapoor was arrested last year after being booked under Prevention of Money Laundering Act.
It was founded by three partners Harkirat Singh, former head of Deutsche Bank in India; Ashok Kapur, former country head of ABN Amro Bank in India; and Rana Kapoor, former corporate banking head of ANZ Grindlays in India in collaboration with Rabo Bank of the Netherlands.
Who is Rana Kapoor and, more importantly, what role did he play in the rise and fall of YES Bank?On September 28, 2018, after announcing that he was going to step down as the managing director of YES Bank, Rana Kapoor had claimed: .
Yes Bank’s Rana Kapoor: How intelligence, impatience and greed made for corporate tyranny
No society deserves a bank that runs out of money. No bank deserves a boss who runs amok with shenanigans. Journalist Pavan Lall in his book Yes Man: The Untold Story of Rana Kapoor has pieced together the account of how Rana Kapoor brought down one of the biggest private lenders in India. Lall recounts what he learnt about the man.
Yes Bank founder Rana Kapoor (Image: Reuters)
How chief executive officer (CEO) Rana Kapoor torpedoed Yes Bank was never foremost on the list of ideas I had shortlisted for a book. In fact, when troubles with the private lender s asset quality review started a few years ago, the inside joke was that Kapoor and Yes Bank s misadventures would likely end up as fodder for not one but many books because of the dozens of skeletons in its closet.