The Rise & Fall Of Rana Kapoor

The meteoric rise and dramatic fall of Rana Kapoor could make for an interesting TV serial on the OTT platform.  Two books have already been written on the man who co-founded Yes Bank with his co-brother-in-law Ashok Kapur. (Ashok was killed in Mumbai terror attack). Pavan C Lall, has penned Yes Man: The Untold Story Of Rana Kapoor. Tamal Bandyopadhyay in his book Pandemonium: The Great Indian Banking Tragedy, rips the façade off the smartly constructed corporate image of Yes Bank, exposing promoter Kapoor’s questionable deals. The author goes on to say that the RBI saw through the game played by Kapoor. Alarmed at the speed with which the NPAs were getting resolved, the regulator started monitoring Yes Bank closely. Finally, it was an anonymous letter sent to then RBI Governor Urijit Patel in September 2018 about the hanky-panky deals at the bank that got the central bank into action. But soon they discovered that Kapoor had many moles around. Every move contemplated by the RBI was relayed to him in real time. It took a while for the RBI to identify the suspects and isolate them from the investigative process. When Kapoor was told in one of the meetings by the RBI that he had to go, he broke down, calling Yes Bank his son, his only son — beside his three biological daughters. But such histrionics with eyes brimming over with tears didn’t move anybody. Presently, he is cooling his heels at Taloja jail on the outskirts of Mumbai.