Rana Kapoor
| Dr Rana Kapoor | |
|---|---|
 Rana Kapoor | |
| Born |
9 September 1957[1] New Delhi |
| Nationality | Indian |
| Education |
Bachelor's degree in Economics (Honours) MBA |
| Alma mater |
University of Delhi Rutgers University |
| Spouse(s) | Bindhu Kapoor |
| Children | 3 daughters (Radha, Rakhee & Roshini)[1] |
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,[2] with its registered office in Mumbai. He has been an entrepreneur, since 2003.
Early life and education
Dr Rana Kapoor was born and was brought up in New Delhi. He completed his schooling from Frank Anthony Public School in 1973 and went on to earn a Bachelor’s degree (in Economics Honours) from Shri Ram College of Commerce, University of Delhi (1977). He then obtained his MBA degree from Rutgers’ University in New Jersey, USA (1980).[3] Later, Kapoor received an Honorary Fellowship from All India Management Association (AIMA), the President’s Medal from Rutgers University, a "Doctorate" in Science (Honoris Causa) from G B Pant University of Agriculture & Technology.
Banking career
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.[4] 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.[4] He worked there for two years, till 1998.
In February 1995, a top team from Rabobank had arrived in India, scouting for opportunities.[4] 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.[4] 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.[5][6]
In 2005, Rana Kapoor was declared Ernst & Young's Start-up Entrepreneur of the Year.[7] As of 2012, Rana Kapoor is the Managing Director & CEO of YES BANK.[4]
Personal life
Rana Kapoor resides in Mumbai, and is married to Bindu Kapoor. He has three daughters, Radha, Rakhee, and Roshini.[8]
Positions held
- Member of the Government of India's Board of Trade
- Member of the Managing Committee of the Indian Banks' Association (IBA)
- Chairman of Banking Committee, Confederation of Indian Industry (CII), 2005–06
- Honorary Consul for Cyprus in Mumbai/Maharashtra state since 2002, Government of Cyprus
- Deputy Chairman, Indian Banks’ Association
- Member, Managing Committee
References
- 1 2 Geoff Hiscock (2007). India's global wealth club (illustrated ed.). John Wiley and Sons. p. 255. ISBN 978-0-470-82238-8.
- ↑ "Times Of India". Times Of India. 13 August 2012. Retrieved 13 August 2012.
- ↑ "Profile: Rana Kapoor". Banking Technology Conference & Expo. Indian Banks' Association. Retrieved 2010-06-20.
- 1 2 3 4 5 "Lunch with BS: Rana Kapoor". Business Standard. 8 March 2005. Retrieved 2010-06-20.
- ↑ "Rana Kapoor to exit Rabo, take up Yes Bank reins". Rediff.com. 2003-11-06. Retrieved 2010-06-20.
- ↑ "Late Ashok Kapur". Times Of India. 28 Nov 2008. Retrieved 13 August 2012.
- ↑ "'The harder you work, the luckier you get'". Rediff.com. 2010-03-15. Retrieved 2010-06-20.
- ↑ "Executive profile: Dr. Rana Kapoor". Profiling commercial banks industry in India. Bloomberg Businessweek. Retrieved 13 August 2012.