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Where Is Yes Bank Founder Rana Kapoor? Twitter Buzzes With Wild Speculations

Has Yes Bank Founder Rana Kapoor Left India? Social Media Is Full Of Such Rumours!

News Nation Bureau | Edited By : Surabhi Pandey | Updated on: 06 Mar 2020, 12:59:05 PM
Rana Kapoor Yes Bank

Rana Kapoor and Ashok Kapur had founded Yes Bank in 2004. (Photo Credit: File Photo)

New Delhi:

As Yes Bank crisis deepens with every passing hour, everyone is waiting for the ultimate bailout package that will soothe the frayed nerves of troubled corporate investors and retail customers. Reserve Bank of India Governor Shaktikanta Das may have hailed the ‘swift’ action by the central bank, the ground reality is people are worried and panicked depositors can be seen outside every ATM across India. Similar scenes are playing out, which many say are the rerun of the PMC and demonetisation days! Indian Twitter is abuzz with wild speculations on the whereabouts of Yes Bank founder Rana Kapoor. Netizens are drawing comparisons between Kapoor and absconding businessman Vijay Mallya and Naresh Goyal, former boss of now-grounded Jet Airways. So, what is everyone talking about? Here’s a lowdown on top Twitter trends. Cautionary note - News Nation doesn’t vouch for the authenticity of Twitter claims.

These are the top five talking points on Indian Twitter about Yes Bank crisis:

  1. The ‘Note Ban’ Tweet — Almost everyone who is posting about ‘Yes Bank’ crisis is talking about the tweet in which Rana Kapoor had hailed the November 8 demonetisation in 2016. Social media is a brutal place and screenshots live forever. Amid serious allegations against Rana Kapoor over governance issues at Yes Bank, netizens are pointing to the note ban tweet. Kapoor had lauded the note ban as PM Modi’s masterstroke!
  2. Has Rana Kapoor Fled India — On Thursday, a senior journalist had tweeted that Kapoor was very much in Mumbai. But since morning, people are questioning Kapoor’s whereabouts with some speculating that he may have left India. The anger against Kapoor is understandable. After all, it was he, who had led the bank into the crisis. Some netizens are demanding Kapoor to be arrested. It should be noted that Kapoor has no stake or rights in the ban he founded in 2004. In January this year, Rana Kapoor and his family-run firms Yes Capital (India) Pvt Ltd and Morgan Credits Pvt Ltd formally exited Yes Bank in first week of January this year.
  3. Co-Promoter Ashok Kapur’s ‘Curse’ — A Twitter user claimed that since Rana Kapoor tried to destroy Ashok Kapur’s legacy in the financial institution, Yes Bank co-founder’s ‘curse’ has begin to haunt Kapoor. To the uninitiated, Ashok Kapur was killed in the 26/11 Mumbai Attacks in 2008. Later, it was claimed that his daughter’s entry into the bank was stopped by Rana Kapoor. The tweet may not be far from reality, as far as Kapur’s succession is concerned. A moneycontrol.com report had said that Ashok Kapur’s wife Madhu had nominated their daughter Shagun on yes Bank board. The proposal was rejected and many believe that it was on behest of Rana Kapoor.  

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First Published : 06 Mar 2020, 12:39:13 PM

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Yes Bank Rana Kapoor