Dr. Rana Kapoor (born 9 September 1957) is the co-founder, Managing Director & CEO of YES BANK, which is the 4th largest private sector bank in India, with its registered office in Mumbai. He has been an entrepreneur, since 2003.
Kapoor applied to three banks after passing out of Rutgers: Citi, ANZ Grindlays and Bank of America. According to him, he was shortlisted by ANZ Grindlays, but finally rejected in favour of two other candidates who were the sons of senior bureaucrats. In 1980, he joined Bank of America (BoA) as a Management Trainee. In 1990 he was presented the Eagle Pin by the Chairman of Bank of America. He eventually went on to head the Bank’s Wholesale Banking business which included several assignments in Asian countries. Kapoor worked at BoA for about 16 years, till 1996, managing the Bank's corporate, government and financial institution clients. He was awarded the Chief Executive Officer's Award by the Chairman of Bank of America for his performance. In 1996, Rana Kapoor joined ANZ Grindlays Investment Bank (ANZIB) as General Manager & Country Head. He worked there for two years, till 1998.
In February 1995, a top team from Rabobank had arrived in India, scouting for opportunities. Rana Kapoor, his brother-in-law Ashok Kapoor and Harkirat Singh made a proposal to the visiting team for two joint ventures: a non-banking financial company and a bank. During the next year, Kapoor held meetings with the Rabobank executives in India, Singapore and the Netherlands. The NBFC was set up 1997, with the three Indian partners chipping in with an equity capital of ₹ 9 crore each. In 2003, the three sold their stake for $10 million each, generating the seed fund for the bank. In 2003, the team was granted a banking licence by the Reserve Bank of India (RBI) to set up YES BANK. They established YES BANK with the vision of "Building the Best Quality Bank of the world in India" by 2015. Rana Kapoor held 26% stake in YES BANK, Ashok Kapoor held 11%, and Rabobank International held 20% stake...
Quotes by Rana Kapoor
More Quotes by Rana Kapoor