Is auto-renewal option in fixed deposits right for you? Battle for supremacy in the Yes Bank ensued. After Ashok Kapur, the founding chairman of the bank, died in the November 2008 Mumbai terror attack, the relations between his family and Rana Kapoor, who are related, soured. BS Reporter  |  Ashok Kapur, the non-executive chairman of private sector lender Yes Bank, has been killed by terrorists in the Trident-Oberoi hotel complex in Mumbai. She was optimistic about Ashok being alive, even though he had not made any contact with the family. Covid pandemic offers a chance to construct better buildings for future. Your support through more subscriptions can help us practise the journalism to which we are committed. Kapur, who was instrumental in setting up this new-generation private bank with Managing Director & CEO Rana Kapoor, started his career with Grindlays Bank. The bank's co-founder Rana Kapoor sold his entire stake in the bank in November 2019, when the Yes Bank had turned completely unbankable. A Business Today report says that of around Rs 35,000 crore of stressed loans, most of the lendings were done in post-2008 period. These companies included the Anil Ambani Group of Companies, the Essel Group, the Dewan Housing Finance Corporation Ltd (DHFL) and Infrastructure Leasing and Financial Services (IL&FS). This stems from the fact that he is said to have got his wife, Madhu Kapur’s sister Bindu get married to Rana Kapoor. In 2012, Rana Kapoor published a history of the Yes Bank but it had no reference to Ashok Kapur. Close to 7 pm, the security officers let her daughter, Shagun, and a relative into the premises and took them to the upper floor of the hotel. Copyrights © 2020 Business Standard Private Ltd. All rights reserved. As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Here is an expert o... PUBG Mobile could be back soon? Business Standard is happy to inform you of the launch of "Business Standard Premium Services". They were Ashok Kapur, the former country head of the ABN Amro Bank, Harkirat Singh, the former country-head of the Deutsche Bank, and third partner Rana Kapoor, former corporate finance head of the ANZ Grindlays Bank. Ashok Kapur seemed to have fancied Rana Kapoor. He did not see us and led the rest and shut the door behind him. Ashok Kapur died in the terrorist attack that Thursday night. Global major financial services firm, the UBS in a report dated 7 July 2015, said the Yes Bank had the strongest growth in loans to potentially stressed companies. But in Madhu’s mind, it would forever be etched as the most horrific moment of her life. But later its board rejected a $1.2 billion (approximately Rs 9,000 crore) investment in the bank by Canadian investor SPGP Group/ Erwin Singh Braich. “We were separated in a stampede,” Madhu told another woman awaiting the return of her brother. His body was found on the 19th floor of the hotel, a bank spokesperson said.document.write("");googletag.cmd.push(function(){googletag.defineOutOfPageSlot('/6516239/outofpage_1x1_desktop','div-gpt-ad-1490771277198-0').addService(googletag.pubads());googletag.pubads().enableSyncRendering();googletag.enableServices();}); Kapur had gone for dinner with his wife at the hotel’s Kandahar restaurant when shooting broke out. We climbed down from the emergency fire exit stairs.” A batch of about 25 rescued people stepped out of the gate on Friday evening. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance. The fact that he is trying to obliterate the name of Ashok Kapur who died an unfortunate death is simply unfair. The Trident Hotel was one of the targets of the 26/11 terror attack. Enjoy Reading! The news of his death came this evening. Ashok Kapur, non-executive chairman of private sector lender Yes Bank, has been killed by terrorists in the Trident-Oberoi hotel complex in Mumbai. At Grindlays, Kapur served in various capacities including general manager for institutional banking and managing director for Grindlays Merchant Bank of Nigeria. Ashok Kapur, then chairman, was at the Trident Hotel on 26 November 2008 when 10 Pakistani terrorists attacked Mumbai.

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