Rana Kapoor is an Indian banker. Rana is the founder of Yes Bank. Also, he is a former managing director and CEO of Yes Bank. In 2003, he founded Yes Bank with his brother-in-law Ashok Kapur. Check out more about Yes Bank Founder Rana Kapoor from the article.
Rana Kapoor Age
Rana Kapoor was born on 9 September 1957 in New Delhi, India. He is 62 years old as of 2020 and belongs to an Indian family who follows the Hindu religion.
Rana Kapoor Wiki
Well, here is all in short about Rana Kapoor’s age, family, height, Weight, education, relationship, career, movies, and much more. Let us have a look at the table.
|Real Name:||Rana Kapoor|
|Profession:||Co-founder, Yes Bank|
|Became Famous for:||1. Co-founder of Yes Bank|
|Date of Birth/DOB/Birthday:||9 September 1957|
|Age:||62 years old (as of 2020)|
|Born Place:||Delhi, India|
|Height (Approx):||in centimeter: 183 cm|
in meter: 1.83 m
in Feet Inches: 6' 0"
|Weight (Approx):||in kilograms: 70 kg|
in pounds: 154 lbs
|Children:||Daughters: Radha Kapoor, Rakhee Kapoor, Roshini Kapoor|
|Parents:||Father: Name Not Known|
Mother: Sheela Kapoor
|Siblings:||Name Not Known|
|School:||Frank Anthony Public School, New Delhi|
|College:||Shri Ram College of Commerce, New Delhi|
Rutgers University, New jersey
|Food Habits:||Not Known|
|Residence:||Mumbai, Maharashtra, India|
|Facebook Name:||Not Known|
|Favorite Food:||Indian Food|
|Most liked destination:||India|
|Net Worth:||US$377 million (July 2019)|
Also, read this, Arjun Kothari
Rana Kapoor is a professional personality in Banker and best known as co-founder of Yes Bank. He was born in New Delhi and brought up there in an Indian family. He completed his schooling from Frank Anthony Public School, New Delhi in 1973.
Then, he admitted into Shri Ram College of Commerce, New Delhi and earned a BA degree in 1977. After that, Kapoor went to the USA and completed an MBA from Rutgers University, New Jersey, the US in 1980.
The glamour of banking in the big city inspired him to imagine building something similar in India. But before that, he had to acquire some knowledge and experience. Hence he started his professional career as a management trainee at ‘Bank of America(BoA) in 1980.
Later in 2003, Rana Kapoor and his brother-in-law Late Ashok Kapur started the Yes Bank with the approval of RBI.
Rana Kapoor belongs to a Hindu family. He was very close to his grandfather and when he was young, Kapoor often told him that he had big plans for the future.
Kapoor’s father was a pilot with Indian Airlines. His mother’s name is Sheela Kapoor. Apart from that, there is not any information available about his parents and siblings.
Relationship & Marriage
Rana Kapoor married to Bindu Kapoor. Rana and his wife Bindu have three children, all daughters named Radha, Rakhee & Roshini.
His eldest daughter is Radha who runs the French luxury brand Longchamp’s India Franchise. Rakhee Kapoor Tandon is the middle child of Rana. She is married to a businessman Alkesh Tandon. She is the Founder/CEO of RAAS Capital(India) Pvt. Ltd.
Height in Feet & Body Stats
Rana Kapoor is approximately 6 feet tall and weight is around 78 kg. In addition, he has black eyes and black hair. And he has no tattoo on his body.
In 1980, Rana Kapoor started his professional career as a management trainee at ‘Bank of America(BoA)’ and then he worked there for about 16 years, till 1996. And he was awarded the chief executive officer’s award by the chairman for his excellent performance.
In 1996, Kapoor started working as a general manager & country head in ‘ANZ Grindlays Investment Bank(ANZIB)‘ and worked there for two years, until 1998.
In 1995, Rana and his brother-in-law Late Ashok Kapur gave a proposal to a Rabobank team for two joint ventures. After meeting with Rabobank executives in India, Singapore & Netherlands, the NBFC was set-up in 1997 with three Indian partners having equity capital of 9 crores each.
But in 2003, the other three sold their stake for 10 million each. Later in 2003, Rana and his brother-in-law Late Ashok Kapur started the bank with the approval of RBI and has been at its helm since then.
In a short time, he managed to grow the bank’s corporate and retail loan book aggressively and substantially. In Yes Bank, Rana held a 26% stake, Ashok Kapur held 11% & Rabobank International held a 20% stake.
Career from 2017
In 2017, a financial data company Bloomberg stated that Rana had become a billionaire with the rising share price. Yes, Bank ordered Rana Kapoor to step down from the CEO position on 31 January 2019.
Then Times of India reported a huge drop in Yes Bank share price of 78% since August 2018 and hence Kapoor’s net worth had declined to 377 million from over a billion.
Over the years, Yes Bank had lant out to Cafe Coffee Day, CG Power, Jet Airways, DHFL & other companies that have fallen apart and caused tremendous stress in India’s financial sector over the last few years and hence the Reserve Bank of India had reportedly taken control over the bank in March 2020 and will buy 49% of shares of Yes Bank.
In March 2020, The Enforcement Directorate arrested Yes Bank Founder Rana Kapoor after searching his and his daughter’s place in Mumbai and Delhi.
Honorary and Medals
Rana Kapoor received some honorary and medals for his professional life such as;
- Honorary Fellowship from All India Management Association(AIMA)
- President’s Medal from Rutgers University
- Honorary Ph.D. from GBPant University of Agriculture & Technology.
Some interesting facts about Rana Kapoor
Does Rana smoke? Not Known
Does Rana drink alcohol? Not Known
Since 2003, he is leading Yes Bank from the front as its founder, MD & CEO. Co-founder of Yes Bank & his brother-in-law Ashok Kapur died in 2008.
According to reports, Rana Kapoor is a 26% stakeholder in the bank. Yas Bank is today India’s fifth-largest private lander.
According to ED’s report, he has alleged for the money laundering charges around 4300 Crore.
The 62-year-old Rana Kapoor is only the second billionaire from India’s banking industry, after Uday Kotak of Kotak Mahindra Bank.
In 2005, he was named “Ernst & Young’s Start-up Entrepreneur of the Year”.
Reportedly, Rana Kapoor completely exited the shareholding of Yes Bank and did not hold any shares in the company either directly or indirectly as of December 2019.
In addition, Rana has 10.2K followers on his Twitter account. His official twitter account is ‘@RanaKapoor_‘.
So, that’s all about Rana Kapoor.