ashok kapur 26/11
X. “What can I say?” Kapoor told ThePrint when reached by phone, a day after RBI seized the bank and also capped withdrawals at Rs 50,000 for Yes Bank’s depositors. And by this logic, he should be IMMEDIATELY put behind bars and released only if proven innocent after the trial. I will eventually bequeath my @YESBANK Promoter shares to my 3 daughters and subsequently to their children, with a request in my Will stating not to sell a single share, as Diamonds are Forever!! Kapoor reportedly invited the regulatory ire after the bank had under-reported NPAs worth over Rs 10,000 crore for consecutive years in FY16 and FY17. Rana has three daughters – Radha, Rakhee and Roshni. NASA to reveal results of its Moon program on Monday, Markets might be overstretched but their strength can’t be ignored, IT stocks may continue facing resistance, Copyright © The dictum of justice should be reversed in this man’s case – – for him it should read : GUILTY, UNTIL PROVEN INNOCENT. Entities linked to one of the promoters of Yes Bank have paid Rs 400 crore to two mutual funds from whom they had raised funds by pledging shares. Harkirat Singh, the former country head of the Deutsche bank. Before joining Yes Bank, Kapur was the Managing Director of Rabo India. Standing outside the gate of the neighbouring Air-India building since Friday morning, Madhu shared her story with … But now it is a script that fits a movie. You have entered an incorrect email address! Also read: RBI waited too long to take control of Yes Bank. Mr. Kool , 2 Raviagro logistics p LTD , 3 Ravi Integrated logistics Pvt LTD. RBI, SBI and LIC are now turnig into Rescue Bank of India (RBI), coming to rescue of melting banks of India. Over the whole of last year, the bank under its new CEO Ravneet Gill has been trying to raise capital, albeit unsuccessfully. You should talk to (Chairman) Brahm Dutt and (CEO) Ravneet Gill. But her husband, YES Bank chairman Ashok Kapur, died in the terrorist attack at the Oberoi. Rana Kapoor and his family own 9.8%, Madhu Kapur, his sister-in-law and the widow of the 26/11 victim Ashok Kapur and her family, own around 9% in the fifth-largest private sector lender. Kapur was the founding-promoter of Yes Bank and held nearly 12 per cent in the bank. Soon after demonetisation PM gave an assurance to honest and poor people standing in queue outside Banks and ATMs that his action was to put an end to all queus which they faced during seventy years. The Trident Hotel was one of the targets of the 26/11 terror attack. The nomination was rejected again in 2011 and moreover, Madhu’s name was stricken from the list of major shareholders. Ashok Kapur, who started his career with Grindlays Bank, and Rana Kapoor, were instrumental in setting up the new generation Yes Bank. Ashok Kapur has two children – a daughter Shagun and son, Gaurav. That means he knew what was coming! New Delhi: Yes Bank founder Rana Kapoor Friday said he is very much in India but didn’t have much to say about the Reserve Bank of India’s surprise decision to supercede the board of the bank and place it under moratorium for one month. The Bombay High Court will hear on Monday a petition filed by Madhu Kapur seeking a direction to Yes Bank's board to take her daughter Shagun Kapur Gogia as a … It was sheer luck that saved Madhu Kapur. The promoter group entities are understood to have borrowed by pledging shares for investing in other ventures and have paid off once the adequate liquidity was available, they said. Yes Bank was incorporated in 2003 and went on to list on the stock exchanges in 2005. These companies included the Anil Ambani Group of Companies, the Essel Group, the Dewan Housing Finance Corporation Ltd (DHFL) and Infrastructure Leasing and Financial Services (IL&FS). Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol.com is prohibited. His body was found on the 19th floor of the hotel. And it started getting into the direction it landed at after one of its partner’s Ashok Kapur died in 26/11 attacks. Non-gazetted group 'B', group 'C' staff in Puducherry to get bonus of Rs 6,908 and Rs 1200, Smriti Irani enters electoral battleground in Bihar; invokes Goddess Durga, Laxmi, BSE inks MoU with ICCI to support SMEs, start-ups in listing, Onions to cost Rs 35 per kg in bazaars of Hyderabad, Risk averse banks continue to lend with caution; bank credit up marginally, deposit growth stable, Income tax return filing deadline for FY20 extended till December 31, 'Exciting new discovery'! Yes Bank founder and 26/11 victim Ashok Kapur’s daughter struggles for board seat. Yes Bank would have been a no bank hadn’t it been a timely government intervention. 26/11 attacks and how Yes Bank’s fortunes started dwindling, 3-yr-old tests +ve for Corona virus | Total cases 42 in India, 12-15 Cong MLAs in MP incommunicado brings fresh twist to MP politics, Central govt planning to re-open schools in zone-wise manner |Details inside, Man shoots self in head the bullet comes out from other side & hits wife | Details inside, AIIMS doctor dies of COVID-19| Details inside, Actor Mohit Baghel dies of cancer | He was 26 | Was known for Comedy Circus and Chote Miyan, Plasma therapy successfully treats COVID-19 patient in Pune, Orkut founder is back with a new social networking app, Hello, In a nonstop flirting Flipkart flip-flops over Amazon, Walmart. Yes Bank, under Rana Kapoor’s reign, was sometimes referred to in banking circles as the lender of last resort for troubled companies. The bank was founded by Rana Kapoor and Ashok Kapur in 2004. He was also the first Asian to be appointed country manager of ABN Amro Bank, India. Some officials at Yes Bank and sources in government agencies were under the suspicion that Kapoor had left the country a couple of months back. Paytm, PhonePe, Google Pay, others can’t use exclusive QR codes; RBI rules for interoperable payments, ZestMoney 'zero-cost' buy now, pay later EMI option now available for Apple customers in India, Equitas SFB IPO fully subscribed on day-3; QIBs bid nearly 4 times but grey market premium missing, Coronavirus testing in India: ICMR approves new CRISPR testing for Covid-19; Check details, Co-op hospitals a good idea but expanding healthcare will need govt to invest a lot more, Stocks in focus: SBI Cards, TechMahindra, SpiceJet, Yes Bank, Bajaj Auto shares in action today, Equitas SFB IPO: Retail portion fully booked, overall subscription at 64% so far; check grey market trend, 52-year old practice to come to an end! Save my name, email, and website in this browser for the next time I comment. As of March 31, 2010, Kapoor had held 14.8 percent stake and Madhu held 12.68 percent. A Business Today report says that of around Rs 35,000 crore of stressed loans, most of the lendings were done in post-2008 period. Battle for supremacy in the Yes Bank ensued. Sustaining journalism of this quality needs smart and thinking people like you to pay for it. Agencies 1 July 2013 10:10 PM GMT . Explore more on Ashok Kapur. But the news media is in a crisis of its own. 2020The Indian Express [P] Ltd. All Rights Reserved, The entities are understood to be linked to the close family members of Rana Kapoor, the CEO and one of the promoters of the bank. Ashok Kapur, then chairman, was at the Trident Hotel on 26 November 2008 when 10 Pakistani terrorists attacked Mumbai. (File photo), Yes Banks Kapoor family repays Rs 400 cr to MFs, After Moody’s, this rating agency says that Modi govt could miss fiscal deficit target; here’s why, Unsustainable debt symptom of fundamental issues in company’s biz model: SBI executive, ICICI Bank shuts down operations in Sri Lanka, Risk averse banks continue to lend with caution; bank credit up marginally, deposit growth stable, Sun Pharmaceutical Industries Share Price, This website follows the DNPA’s code of conduct. The demand was rejected, as it did not fulfil the Reserve Bank of India’s (RBI) requirements. Like us on Facebook and follow us on Twitter. During this period, Madhu Kapur’s name from major promoters was also removed in the Yes Bank’s communiqués. With this payment, the overall outstanding of the promoter group’s borrowing has come down to Rs 1,400 crore, they addded. Ashok Kapur became the chairman of the bank and Rana Kapoor the managing director and CEO. Now the new leader was Rana Kapoor. Ashok Kapoor died in the 26/11 Mumbai attack, followed by a fight between Ashok Kapoor's wife Madhu Kapoor and Rana Kapoor over the ownership of the … But I have had nothing to do with it for the last 14 months. This stems from the fact that he is said to have got his wife, Madhu Kapur’s sister Bindu get married to Rana Kapoor. The new CEO has been under criticism for prematurely making announcements about potential investors before finalising fund raising. Vistara to operate more flights; Check routes, dates, NTPC ranks first among Indian PSUs in Forbes' 'World's Best Employer 2020', Vedanta approves first interim dividend for FY21 days after failed delisting offer, Unsustainable debt symptom of fundamental issues in company's biz model: SBI executive, Diwali Bonus! Yes Bank, the fourth major bank in the country, engulfed in fights between Madhu Kapoor and Rana Kapoor. or medium without express writtern permission of moneycontrol.com is prohibited. I’m very much in India, Yes Bank founder Rana Kapoor says. The situation is so bad that efforts have been made to save it for months. By the time dispute between Kapoor and Kapurs settled, the steel frame of the Yes Bank had begun creaking. One person among the 166 was the co-founder of Yes Bank, the youngest private bank of India at that time, Ashok Kapur. Also read: After Moody’s, this rating agency says that Modi govt could miss fiscal deficit target; here’s why. Its very bad days are going on. Ashok was at the Trident Hotel and he perished in the attack. The moves were scuttled apparently by Rana Kapoor, now in full control of the Yes Bank. This issue was brought to the forefront in September when RBI rejected the Yes Bank board's request to provide a three-year extension to Rana Kapoor as CEO. But it got a huge shock in 2008. However, Ashok could not make it outside. And that is like the Captain of the ship deserting it much before it sank. In the chaos, the couple was separated and Madhu was able to escape with the help of security officers. It was also the same year when Harkirat Singh quit the Yes Bank over issues pertaining to influence exerted by Rabo Bank in appointment of CEO and executive chairman. Kapur and Yes Bank MD Rana Kapoor have a collective financial stake of 34 per cent in the bank. In 2004, Rana Kapoor started this bank with his relative Ashok Kapoor.

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