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Yes Bank (stylised as YES BANK) is an Indian private sector bank, headquartered in Mumbai, catering to retail customers, MSMEs, and corporate clients. The bank was founded by Rana Kapoor and Ashok Kapur in 2003. [5] Its network is spread across 300 districts in India and comprises 1,198 branches, 193 BCBOs and 1,287+ ATMs. [6] [7]
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Rana Kapoor (born 9 September 1957) is an Indian former banker who was the founder, managing director and CEO of Yes Bank, an Indian private sector bank. [2] Following a career in financial institutions, he co-founded Yes Bank in 2003, with its registered office in Mumbai. [3]
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The ED has linked Yes Bank for various fraud and transactions amounting to 3700 crores as debentures in DHFL. The central bank appointed administrator at Dewan Housing Finance (DHFL) has ordered a transaction audit at the non-bank lender after allegations of money laundering surfaced in the aftermath of the regulatory action on Yes Bank. [27]
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Rakhee Kapoor Tandon, is an Indian business entrepreneur and venture capitalist.She is the daughter of Rana Kapoor, managing director of Yes Bank.She has worked as an investment banker in the United States and also holds an MBA degree from the Wharton School of the University of Pennsylvania.