Rana Kapoor, Yes Bank Founder's wealth shrinks by $1 billion10:40:00 AM, Friday 19th of July 2019 | in business
Yes Bank Shares has been steeply declining. It has dropped to a whopping 78% since August of last year. Former CEO Rana Kapoor, who owns 10% of the share, have become poorer by $1 billion, last weekend being worse as its capital weaken by 20% on Thursday. Central Bank did force Kapoor out of CEO position of Yes Bank owing to bad-debt account. New CEO Ravneet Gill, who took over is now feeling effects of the crisis.