How Rana Kapur gobbled 5000 crore in kickbacks
Give out loans to doubtful Co's
They become NPA's
Instead of declaring em NPAs & initiating recovery proceedings, Kapoor conspired with the companies & got them to invest in firms run by his wife & daughters.
Meanwhile, the bank’s bad loans kept growing. Following the RBI’s asset quality review in 2019, its gross #NPA's surged 87% from a year ago, Its net NPAs more than doubled.
While excessive leverage by many of the corporates to whom Yes Bank lent caused stress, what gave in was alleged intent to hide its NPAs through an “ever-greening of loans”