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Yes Man : The Untold Story of Rana Kapoor

Author :  Pavan C.Lall

Product Details

Country
India
Publisher
Harper Collins Publishers India,Noida,Uttar Pradesh, India
ISBN 9789390351008
Format PaperBack
Language English
Year of Publication 2021
Bib. Info xviii,219p.;22cm. Includes Index
Product Weight 300 gms.
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Product Description

The year was 2004, India's economy was booming and 'India Shining' seemed like a true slogan. Around the same time, a non-banking financial company applied for and received a licence to operate as a private bank. Yes Bank was born. Its rise was phenomenal and it soon became the fourth-largest private bank in the country, with approved permissions to operate in Singapore, London and Dubai. The returns were also immense: shareholders received hefty dividends on their investments for years on end. That is, till the skeletons began tumbling out of the Yes Bank lockers. Stories of the bank's reckless lending were going around, and allegations of bribery and corruption became rife. Ultimately, in March 2020, the bank ran out of money, and customers were unable to get their own savings out of their accounts. The bank's promoter Rana Kapoor was arrested, and multiple agencies began what is still an ongoing probe.

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