All Rights Reserved. Republic has accessed a cheque issued by Kapoor to Vadra for Rs 2 crores, for purchasing the above-mentioned painting. Worried customers have queued up outside Yes Bank branches to withdraw money after the RBI said it would take over the troubled lender. Rana Kapoor was born on 9 September 1957 in New Delhi, India. Documents available with the Registrar of Companies under the Ministry of Corporate Affairs show that DoIT was incorporated in 2012 with Rana Kapoor’s wife Bindu as its director. Rana Kapoor is approximately 6 feet tall and weight is around 78 kg. Clarifying that Vadra had inherited the M.F Husain painting of her father from the late Prime Minister, Spokesman Randeep Surjewala said that the transaction had been declared in her income tax returns. VideoICYMI: The puppy born green and other curiosities, 'It's devastating... watching my community burn' Video'It's devastating... watching my community burn', Striking news pictures from around the world, Brothers play tabla to the BBC theme tune. Rana Kapoor was arrested days after the country's central bank seized control of the lender. In one first information report (FIR), the bureau alleged that Yes Bank had invested Rs 3,700 crore in short-term debentures of Dewan Housing Finance Corporation (DHFL) between April and June 2018. 3700 Crore in short term debentures of DHFL. Video, Brothers play tabla to the BBC theme tune, The three-year-old orphaned by war. The market value of the flat is 13.5 Million pound (Rs 127 crore).”. Among the nation’s 100 richest, 11 saw their wealth jump by $1 billion or more. The Reserve Bank of India (RBI) said Yes Bank's weakened position was "largely due to inability of the bank to raise capital to address potential loan losses and resultant downgrades". * The moderation of comments is automated and not cleared manually by, Copyright © 2020 The Indian Express [P] Ltd. 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The Enforcement Directorate (ED) has provisionally attached Rana Kapoor’s residential flat in London worth Rs 127 crore in connection with its money laundering probe into the financial dealings of Yes Bank when Kapoor was heading it. Today, it is India's fourth largest bank in the private sector with assets of $41 billion. Prosecution complaints have been filed against Kapoor, Kapil Wadhawan, Dheeraj Wadhawan and others. "India's banking sector - as well as the wider financial sector with the shadow banks - is still under stress, and there have been no quick fixes to this issue," said TS Lombard director of India Research Shumita Sharma Deveshwar. The bank and its board have been embroiled in a legal battle with the family of his late partner Ashok Kapur, who died in the terror attacks in Mumbai in 2008. Pointing towards the UPA government, he said, "I had to be on the right side of the government and pressure was built so that I buy those portraits." Rana Kapoor received some honorary and medals for his professional life such as; Since 2003, he is leading Yes Bank from the front as its founder, MD & CEO. After meeting with Rabobank executives in India, Singapore & Netherlands, the NBFC was set-up in 1997 with three Indian partners having equity capital of 9 crores each. Video. Delhi, Mumbai, The 62-year-old Rana Kapoor is only the second billionaire from India’s banking industry, after Uday Kotak of Kotak Mahindra Bank. Video, Composer with dementia meets students he inspired, Trump comment on 'blowing up' Nile Dam angers Ethiopia, US election 2020: How Trump has changed the world, Coronavirus: US cases reach record high amid new wave of infections, Osiris-Rex: Nasa probe risks losing asteroid sample after door jams, Paraguay finds seven bodies in container shipment from Serbia. Yas Bank is today India’s fifth-largest private lander. In 2017, a financial data company Bloomberg stated that Rana had become a billionaire with the rising share price. Then Times of India reported a huge drop in Yes Bank share price of 78% since August 2018 and hence Kapoor’s net worth had declined to 377 million from over a billion. Yes Bank customers queue for cash after India's central bank takes control, Could blood plasma help treat coronavirus? The property was purchased by Rana Kapoor in 2017 for 9.9 million pound (Rs 93 crore) in the name of DOIT Creations Jersey Limited and he is the beneficial owner," the ED said in a statement. He is a co-founder, and former managing director and CEO of Yes Bank, an Indian private sector bank, with its registered office in Mumbai.He was arrested on March 8, 2020 by the India's Enforcement Directorate over accusations of fraud worth over $100 million. She is married to a businessman Alkesh Tandon. Deepika Chikhalia Wiki, Age, Husband, Family, Career, Biography & More, Sunil Lahri Wiki, Age, Family, Wife, Career, Biography, Movie & Biography, Daughters: Radha Kapoor, Rakhee Kapoor, Roshini Kapoor, Honorary Fellowship from All India Management Association(AIMA), President’s Medal from Rutgers University. Well, here is all in short about Rana Kapoor’s age, family, height, Weight, … In 1980, Rana Kapoor started his professional career as a management trainee at ‘Bank of America(BoA)’ and then he worked there for about 16 years, till 1996. Curry Up Now started as a food truck in 2009. They’re worth a combined $152 billion, $27 billion less than a year ago. His eldest daughter, Radha, has the India franchise for French handbag maker Longchamp. 600 Crore to Rana Kapoor and his family members in the garb of loan of Rs 600 Crore (given by M/s DHFL) to M/s DOIT Urban Ventures (India) Pvt. The biggest challenge for entrepreneurs? He completed his schooling from Frank Anthony Public School, New Delhi in 1973. Over the years, Yes Bank had lant out to Cafe Coffee Day, CG Power, Jet Airways, DHFL & other companies that have fallen apart and caused tremendous stress in India’s financial sector over the last few years and hence the Reserve Bank of India had reportedly taken control over the bank in March 2020 and will buy 49% of shares of Yes Bank.