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Yes Bank's CEO Rana Kapoor becomes a billionaire
short by Pragya Swastik / on Thursday, 19 January, 2017
Yes Bank's Co-founder and CEO Rana Kapoor has become a billionaire as the bank's shares jumped 16.4% this month, making it the best-performing stock among Indian banks. Kapoor, who owns 11.6% stake in the bank, is only the second billionaire to emerge from India’s banking industry, after Kotak Mahindra Bank's Uday Kotak, who has a net worth of $7.2 billion.
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