Yes Bank’s Rana Kapoor to confront the Mumbai Court

The Inception of Yes Bank

The Yes Bank started as an NBFC named Rabo Finance. Kapoor formed the Rabo Finance along with the assistance of his brother, Harikat Singh. The trio ( Rana, Harakat, and stream had 25% equity, which they sold off to get permission to start a private bank. The Collapse of Yes Bank is a blow to the whole banking sector and with the shortfall in Sensex as well, the impact of Yes Bank cannot be ignored.

Kapoor was vigilant in his task of recovering bad debts from even the high-risk clients like the owner of Kingfisher Airlines and Deccan Chronicles, Vijay Mallya. However, the reason for Yes bank collapse is the excessive NPA’s and his sheer efforts to cover it are on the go since the 2015 Global report.