Yes bank of the private sector is going through a difficult phase at this time. Rana Kapoor, the founder of Yes Bank, has been arrested by the ED officials. According to sources, he was arrested after questioning for more than 31 hours. From 12:00 pm on Saturday afternoon, the Enforcement Directorate's inquiry was going on with Rana Kapoor.
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Earlier on Friday evening, Rana Kapoor's house Samudra Mahal in Worli was raided by the Enforcement Directorate. The arrest of Rana has been done in the same case which was found to be irregular in DHFL and UP Power Corporation Limited.
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On the other hand, a statement was also recorded from his daughter regarding this case, although now he has been arrested at 4:00 am on Sunday. ED officials will now present Rana in the court and take further action. On Thursday, a circular was issued by the Reserve Bank of India for the customers of Yes Bank, under which it was said that till April 3, withdrawals of more than 50,000 will not be withdrawn.
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