Rana Kapoor

On March, 8 2020, the Enforcement Directorate (ED) registered a case against Kapoor under the Prevention of Money Laundering Act (PMLA) and he was arrested. The Central Bureau of Investigation (CBI) also charged Kapoor and his family members in a bribery and money-laundering case linked to Yes Bank. Kapoor denies the charges.

Currently Kapoor is lodged at Taloja Jail, Maharashtra. Kapoor's bail application in the Prevention of Money Laundering case filed on the grounds that he is keeping poor health and is at the risk of contracting COVID-19, was rejected by Mumbai Court in April 2020.

Kapoor resides in Mumbai and is married to Bindu Kapoor. They have three daughters, Radha Kapoor Khana, Rakhee Kapoor Tandon, and Roshini Kapoor. The CBI named his wife, Bindu, and all three daughters, as co-accused in the 2020 case of money laundering.

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.

In January 2017, Bloomberg noted that with the rising share price of Yes Bank, Kapoor had become a billionaire.

In 2005, Kapoor was named Ernst & Young's Start-up Entrepreneur of the Year.

In February 1995, a team from Rabobank arrived in India, scouting for opportunities. 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. In 2003, the team was granted a banking license 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. Rana Kapoor held 26% stake in Yes Bank, Ashok Kapur held 11%, and Rabobank International held 20% stake. Ashok Kapur died in 2008 in Mumbai 26/11 attacks.

In 1980, Kapoor joined Bank of America (BoA) as a management trainee. In 1990 he was presented the Eagle Pin by the chairman. 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. He worked there for two years, until 1998.

He attended the Frank Anthony Public School in New Delhi in 1973 and went on to earn Bachelor of Arts degree from Shri Ram College of Commerce in 1977. He then obtained an MBA from Rutgers University in New Jersey, US in 1980. Kapoor received an honorary fellowship from All India Management Association (AIMA), President's Medal from Rutgers University, and an honorary Ph.D. from GB Pant University of Agriculture & Technology.

Rana Kapoor (born September 9, 1957) is an Indian former banker who is currently in jail for accusations of money laundering. 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.

Kapoor was born on September 9, 1957 and was brought up in New Delhi, India.