The fourth-largest private bank in the country, which was famous for paying above its average interest, has gone bankrupt today. We are talking about Yes Bank, whose control is now in the hands of RBI and the customers of this bank are upset since last night. The bank, which started in 2004, suddenly came to the center of discussion. In November 2005, Yes Bank founder Rana Kapoor received the Entrepreneur of the Year Award. In March 2006, the bank announced its first financial year results.

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The bank's profit during this period was Rs 55.3 crore while Return of Asset (ROA) stood at 2 percent. The bank's promoter Ashok Kapoor died in the 26/11 terror attacks in Mumbai in 2009. Who was also a relative and business partner of the bank's CEO Rana Kapoor. After this, there was a tussle between Ashok Kapoor's wife Madhu Kapoor and Rana Kapoor over the ownership of the bank. Meanwhile, RBI also realized that Yes Bank was not giving the correct information of its balance sheet and was making some disturbances in its subordinated debt (NPA) and balance sheet. RBI forcefully removed Yes Bank Chairman Rana Kapoor from the post. In fact, Yes Bank was giving loans to some companies, which no bank was willing to lend.

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The names of companies such as L&FS, Dewan Housing, Jet Airways, Cox & Kings, CG Power and Cafe Coffee Day emerged. Due to this, the NPA of the bank started increasing, due to which the RBI had to interfere in it and the bank with 1400 share prize came to Rs 16 today. At present, RBI has banned withdrawal of more than 50 thousand on the bank's customers. However, the government has assured the customers that their money will not sink and soon they will find out a solution.

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