Yes, you all know about yes bank. Today we are talking about its founder Rana Kapoor. Due to the impractical work done by him, the shares of Yes Bank have come down a lot. There is no surge in. According to a CBI report, the scandal began to take shape between April and June, when Yes Bank invested ? 3,700 crore in short-term debentures of debt-ridden DHFL. Not only that, in return for an investment of ? 3700 crores, Wadhwan residents paid kickbacks of ? 600 crore to Rana Kapoor and his family members in return for a loan to Do IT urban ventures. In it, Kapil and Dhiraj Wadhwan are believed to have taken another dubious loan of Rs 750 crore from a loan given to a company controlled by Yes Bank. In its charge sheet, filed in May under the Anti-Money Laundering Act, it highlighted Kapoor's illicit pleasure, amounting to Rs. 5050 crores. With many irregularities in the distribution of bank loans to corporate entities, it lost its official position, was used to create shell companies for money laundering, to create defaults and tarnished assets.
Let us know about the market cap of Yes Bank. When it comes to the market cap of Yes Bank, Rana Kapoor's fraud before and after has many effects. Thus, if we talk about the market cap of 2018, as per the data of 01/08/2018, it was 837 billion. According to the market values ??of Yes Bank, it was the 7th most valuable bank in India. Looking at the market cap of yes bank for 2020, it is 354.03 billion. Which is less than 50% of what it was in 2018. Yes Bank's stock is down a lot in the stock market.
Yes Bank's share price in 2018 was 237.95, which is less than 92% compared to today. In 2020, Yes Bank's price is around ? 17.60. In which the slow speed is seen to increase. And the market cap is also increasing.