Suffice it to say that the weaker corporates – whether they were SMEs or big corporations – got into serious trouble because of the sudden withdrawal of notes. By And as the current investigations seem to suggest, he drove a hard deal while lending to them, often seeking a quid pro quo in return which would benefit his daughters’ investments or his other interests.

Shagun Kapur Gogia and Yes Bank Senior Group President Rajat Monga -- on behalf of Rana Kapoor -- may have a meeting Wednesday, sources told PTI on Tuesday, Image source: Reuters, Copyright © Zee Media Corporation Ltd. All rights reserved, Viral!

This started showing up the risky loans in every bank’s portfolios.

In February 2020, the bank said it received non-binding expressions of interest from JC Flowers, Tilden Park Capital Management, OHA (UK) and Silver Point Capital. BollywoodShaadis.com © 2018, Red Hot Web Gems (I) Pvt Ltd, All Rights Reserved.

After which, the duo had a series of meetings and had soon developed a strong bond with each other. Watch exclusive behind the scenes video! We are truly blessed to have all these legends in the history of Indian cinema, as they had inspired tons of young actors over the years with their hard work and the way they had put their souls in every character that they had portrayed on the big screen.

Despite a shareholder agreement, Kapoor tried to keep the Kapur family out of Yes Bank’s board. Yes Bank was founded by three partners – Harkirat Singh, former country head of Deutsche Bank in India, Ashok Kapur, former country head of ABN Amro in India, and Rana Kapoor, former corporate banking head of ANZ Grindlays in India in partnership with Rabo Bank of Netherlands (the latter had put in big capital).

But to start with, he was not the sole mover in the bank. October 23, 2020 marks the 83rd birth anniversary of Deven Verma and while everyone is paying their tributes to the legendary actor.

The bank got its license in 2004, and according to some gossip, it got it largely because of Harkirat Singh’s connections. The tussle is between the families of Yes Bank founders -- Rana Kapoor and Ashok Kapur. One story goes that Harkirat Singh and Ashok Kapur had actually joined hands initially because they had been colleagues earlier, and later Kapur persuaded Harkirat to admit Rana Kapoor into the partnership because of the family relationship. Also Read - Yes Bank Crisis: Hilarious Memes on Restricted Withdrawals to Rs 50,000 Will Surely Make You Laugh, Interestingly, Rana Kapoor and Ashok Kapur were friends who became brothers-in-law after Madhu’s sister got married to Rana. Chidambaram's Point-by-Point Reply to FM. Gill simply ran out of time before the troubles imploded.

Ashok Kapur was born to Rabinder, Nath Kapur and Kamla, Devi Kapur.

The doting father looked super-happy as all three of them posed for the camera with their bright smiles. In less than a month, RBI placed it under moratorium taking over the board.

Read more on Latest Business News on India.com.

Urjit Patel, who was the RBI governor after Raghuram Rajan left, was fairly clear that Kapoor had to go. AWESOME NEWS! "The single bench of the Bombay High Court has settled most of the points, so the court order (whenever it comes) could serve as the common ground for the truce," according to sources.

Also Read - Old is gold! All rights reserved.

“We stand firmly behind Yes Bank and have complete and full faith in the leadership and management of the bank,” Ashok Kapur’s daughter Shagun Gogia told PTI here. The problems in Yes Bank’s portfolio started showing up once former RBI governor Raghuram Rajan forced banks to recognise bad loans by initiating the Asset Quality Recognition (AQR) exercise. The two had lived an incredible life together and had always supported each other. (The late Ashok Kapur’s wife Madhu is the elder sister of Bindu Kapoor, Rana Kapoor’s wife).

Then suddenly, in 2016, demonetisation of high value notes was announced by Prime Minister Narendra Modi in a late evening address. Ashok had 2 siblings: Sanjay Kapur and one other sibling.

"Rana Kapoor is keen on resolving the issue as soon as possible as the long-pending legal battle between the two promoter group families is not doing any good to anybody," they said.

When the actor had visited his mentor and co-actor, Ashok ji's home, he was mesmerised by the decor of his home.After which, the two had sat down to have dinner, and that's when Ashok ji had introduced his family that had included his daughter, Rupa Ganguly.The moment Deven and Rupa had seen each other for the first moment, the two had fallen in love with one another. Initially Yes Bank and several others tried to put a lid on the problem by hiding some bad loans under the carpet. Deutsche Bank India head Ravneet Gill became the new CEO. Also Read: When Shammi Kapoor Opened Up On His 'Hush-Hush' Wedding With Geeta Bali At Four In The Morning.