(Remember Yes Bank is now effectively just Rana Kapoor). They succeeded, but a year before Yes Bank started operation, Mr. Harkirat Singh fell out with Ashok Kapur and Rana Kapoor and quit the venture. Around 2012-13, a controversy broke out when Ashok Kapur’s wife alleged they were not given proper representation in the board of the bank. During the first phase of growth, the bank, under Mr. Kapoor, focused on the retail liabilities franchise and corporate lending. • The Delhi High Court also declined to hear Fortis Healthcare ‘s asset plea, stating that its claim could not take precedence over Yes Bank or Daiichi Sankyo’s claims because no decree was passed in its favour. So, Yes Bank … It was cleared only after Yes Bank cut the package. Join Mint channel in your Telegram and stay updated with the latest business news. Tamal Bandyopadhyay keeps a close eye on everything banking from his perch as Mint’s deputy managing editor in Mumbai. The court said in its order, that the auction will, however, be conducted under the supervision of a … Who is a fit and proper candidate? It’s no longer SKK, Its KK now. Meanwhile, Yes Bank has appointed four new directors—Brahm Dutt, a former secretary for roads, transport and highways in the ministry of shipping, road transport and highways, and three of its senior executives. Indradeep Khan-March 9, 2020. Your support for our journalism is invaluable. The construction of the new Indian Parliament building will commence in December 2020 and is likely to be completed by October 2022. A fit and proper candidate should normally be a graduate, but this can be relaxed in the case of a director representing farmers, depositors, artisans, etc. Access the exclusive Economic Times stories, Editorial and Expert opinion, Sharp Insight-rich, Indepth stories across 20+ sectors, ICICI Prudential Bluechip Fund Direct-Growth, Mirae Asset Emerging Bluechip Fund Direct-Growth, History repeating itself at Yes Bank, says Harkirat Singh. Yes Bank’s affidavit says the right to nominate directors on the board should lie only with the two Indian partners of the bank—the late Ashok Kapur and Rana Kapoor— and not with their successors or legal representatives, as each of the partners can have a large number of heirs and it is impossible to require a large and indeterminate number of people to collectively concur on the recommendation of names for appointment as directors. 0 Question 5 Influences. Daiichi claimed that, considering the court’s status quo, Yes Bank’s attempt to auction the property reflected that it was colluding with the debtors. Yes Bank, however, kept its growth momentum. Harkirat's Achievements. Not Logged In!! By using this form you agree with the storage and handling of your data by this website. He is also the author of A Bank for the Buck, a book on HDFC Bank. The saga of Yes bank would start with Rana Kapoor's first crime betrayals of his friend and colleague and becoming undisputed king aka emperor. So in the last five years, the loan book grew by over four times, but deposits failed to keep pace. We also reiterate here the promise that our team of reporters, copy editors, fact-checkers, designers, and photographers will deliver quality journalism that stays away from vested interest and political propaganda. Yes Bank story without rumors swirling around its epochal events too good to be true, the deal raised eyebrows. The bank begins operations and in 2005 does its Initial Public Offering (IPO). As before, a lot of rumors and a lot of smoke, we again shall not comment because of its time for the first big tragedy, the time has come to eliminate Harkirat Singh – the KKs had been plotting against Harkirat for some time now.

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