Rana Kapoor

$1.30 B

Ranked #1756 in World

About Rana Kapoor

Rana Kapoor, born on 9 September 1957 in New Delhi, India, stands out as a formidable figure in the Indian banking sector. Having kick-started his illustrious career with Bank of America in 1980 after completing his MBA from Rutgers University, Kapoor is renowned for being the co-founder, managing director, and CEO of Yes Bank. Under his stewardship, Yes Bank flourished, earning him the title of Ernst & Young's Start-up Entrepreneur of the Year in 2005 and propelling him into billionaire status by 2017 courtesy of the bank's surging share price. However, Kapoor's career took a steep downturn with his arrest in March 2020 by India's Enforcement Directorate on charges exceeding US$100 million in fraud, stirring up a significant legal controversy that has since seen him confined to Taloja Jail, Maharashtra. Despite the turbulences, Kapoor's journey, marked by notable educational achievements and a series of prestigious awards, underscores a complex saga of ambition, innovation, and the daunting legal battles marring his banking legacy.

Born

September 09, 1957 in New Delhi, India

Age

68 years

Source Of Wealth

Banking

Industries

Finance And Investments

Citizenship

India

Residence

Mumbai

Education

Bachelor of Arts/Economics, Delhi University; Master of Business Administration, Rutgers University

Spouse

Bindu Kapoor

Children

3 daughters

Rana Kapoor, born on September 9, 1957, is a former Indian banker who gained prominence as the founder, managing director, and CEO of Yes Bank. He hails from New Delhi, India, where he spent his early years. Kapoor attended Frank Anthony Public School in New Delhi for his primary education.

Rana Kapoor: Family

Rana Kapoor is married to Bindu Kapoor, and together they have three daughters: Radha Kapoor Khanna, Rakhee Kapoor Tandon, and Roshini Kapoor. His wife and daughters were named as co-accused in a money laundering case in 2020.

Rana Kapoor: Career Highlights

Kapoor's banking career began in 1980 when he joined Bank of America (BoA) as a management trainee. He rose through the ranks and eventually headed the wholesale banking business, handling assignments in various Asian countries. During his approximately 16-year tenure at BoA, he managed corporate, government, and financial institution clients.

In 1996, Kapoor joined ANZ Grindlays Investment Bank (ANZIB) as the general manager and country head. He worked there for two years until 1998, gaining valuable experience in the banking industry.

Rana Kapoor: Companies

Rana Kapoor is best known for co-founding Yes Bank in 2003, along with Ashok Kapoor and Harkirat Singh. The bank obtained a banking license from the Reserve Bank of India (RBI), and Kapoor envisioned building "The Best Quality Bank of the world in India" by 2004.

At Yes Bank, Kapoor held a significant stake of 26%, while Ashok Kapoor held 11%, and Rabobank International held a 20% stake. Under Kapoor's leadership, Yes Bank experienced rapid growth and success.

Rana Kapoor: Major Achievements

Kapoor's contributions to the banking industry earned him numerous accolades and achievements. In 2005, he was recognized as Ernst & Young's Start-up Entrepreneur of the Year. His entrepreneurial spirit and innovative approach to banking led to his rise as a prominent figure in the Indian banking sector.

Kapoor's success with Yes Bank also brought him financial rewards.

In 2017, he became a billionaire due to the rising share price of Yes Bank.

Rana Kapoor: Awards & Achievements

Rana Kapoor received several prestigious awards and recognitions throughout his career. Some of his notable achievements include:

Felicitated by AAAI for pioneering banking & financing solutions to the Media and Communications Industry in 2018.
Asian Banker CEO Leadership Achievement Award for India during 2011-2013.
Entrepreneurial Banker of the Decade by Bombay Management Association in 2001-2010.
Best CEO-BFSI Hall of Fame:2014 IMM-JJ Awards for Excellence.
Received the SKOCH Award for significant contributions to Public Policies for Infrastructure Growth and National Development (2015).
Exemplary Contribution To Entrepreneurship & Innovation by London Business School.

Rana Kapoor: Personal Life & Legacy

Rana Kapoor currently resides in Mumbai, India. Despite his professional achievements, his reputation has been tarnished by legal controversies and allegations of financial misconduct.

Rana Kapoor: Trivia

Kapoor earned a bachelor's degree from Shri Ram College of Commerce in 1977 and an MBA from Rutgers University in New Jersey, US, in 1980.
He received honorary fellowship from All India Management Association (AIMA), President's Medal from Rutgers University, and an honorary PhD from GB Pant University of Agriculture & Technology.
Kapoor was ordered to step down from his position as CEO of Yes Bank in January 2019.
In March 2020, he was arrested by India's Enforcement Directorate over accusations of fraud exceeding US$100 million.
Kapoor is currently held at Taloja Jail in Maharashtra, facing legal charges related to bribery, money laundering, and financial irregularities.

Wealth History

Timeline

9 September 1957

Rana Kapoor was born in New Delhi, India.

1977

Rana Kapoor earned a bachelor's degree from Shri Ram College of Commerce.

1980

Rana Kapoor obtained an MBA from Rutgers University in New Jersey, US.

1980

Rana Kapoor joined Bank of America (BoA) as a management trainee.

1996

Rana Kapoor joined ANZ Grindlays Investment Bank (ANZIB) as general manager & country head.

2003

Rana Kapoor co-founded Yes Bank with Ashok Kapoor and Harkirat Singh.

2004

Yes Bank was established with the vision of "Building the Best Quality Bank of the world in India".

2005

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

2017

Rana Kapoor became a billionaire due to rising share price of Yes Bank.

January 2019

Rana Kapoor was ordered to step down from CEO position of Yes Bank.

8 March 2020

Rana Kapoor was arrested by India's Enforcement Directorate over accusations of fraud in excess of US$100 million.

2020

Rana Kapoor's wife and daughters were named as co-accused in a money laundering case.

Rana Kapoor : FAQs

What is Rana Kapoor's net worth?

As of 2018, Rana Kapoor's net worth was $1.30 billion.

What are Rana Kapoor's main sources of wealth?

Rana Kapoor's main source of income comes from Banking.

In which industry does Rana Kapoor primarily operate?

Rana Kapoor is primarily involved in the Finance And Investments industry.

What is Rana Kapoor educational background?

Rana Kapoor holds a Bachelor of Arts/Economics from Delhi University and a Master of Business Administration from Rutgers University.

How old is Rana Kapoor?

Rana Kapoor is 68 years old.

How many children does Rana Kapoor have?

Rana Kapoor has 3 children.

Who is Rana Kapoor and what is his connection to Yes Bank?

Rana Kapoor is the Indian former banker who co-founded Yes Bank, serving as its managing director and CEO. He played a significant role in its establishment and growth until he was ordered to step down in January 2019.

Can you outline Rana Kapoor's banking career before founding Yes Bank?

Rana Kapoor's banking career began at Bank of America in 1980, where he led the wholesale banking business and served for about 16 years. Then, he joined ANZ Grindlays Investment Bank as general manager & country head from 1996 to 1998 before founding Yes Bank in 2003.

What led to Rana Kapoor's arrest in 2020 and what are the charges against him?

Rana Kapoor was arrested on 8 March 2020 by India's Enforcement Directorate over accusations of fraud exceeding US$100 million, and was also charged by the CBI in a bribery and money-laundering case related to Yes Bank, including sanctioning huge loans to big corporate groups that turned into non-performing assets.

What are some of Rana Kapoor's major awards and recognitions in the banking industry?

Rana Kapoor has been recognized with several awards, including Ernst & Young's Start-up Entrepreneur of the Year in 2005, the Asian Banker CEO Leadership Achievement Award for India during 2011-2013, and the Entrepreneurial Banker of the Decade award from Bombay Management Association for 2001-2010, among others.