Yes Bank’s former managing director and chief executive officer Ravneet Gill, in his statement to the Enforcement Directorate (ED), has accused his predecessor and the bank’s co-founder Rana Kapoor of flouting rules to extend loans to realty companies owned by Dewan Housing Finance Limited (DHFL). The wrongdoings led to a steep rise in bad loans and the eventual collapse of the bank.
Maddy
Yes Bank’s former managing director and chief executive officer Ravneet Gill, in his statement to the Enforcement Directorate (ED), has accused his predecessor and the bank’s co-founder Rana Kapoor of flouting rules to extend loans to realty companies owned by Dewan Housing Finance Limited (DHFL). The wrongdoings led to a steep rise in bad loans and the eventual collapse of the bank.