Digging Deeper | What Is Up With Yes Bank?

The recent leadership crisis, where Rana Kapoor was denied an extension of his tenure by the Reserve Bank of India, and was asked step down in January 2019, caused the Yes Bank stock to take an almost 30 percent tumble, and more recently, led to the divergence of Rana Kapoor from the 100 Richest Indians List by Forbes.

The almost cinematic story of Yes Bank and its charismatic protagonist is what we will dig deeper into today. Every great screenplay has one essential quality. It seems like a palpable slice of real life. And all riveting real life stories have this in common. They sound like they belong in a screenplay.

This is Rakesh, and on this edition of Digging Deeper with Moneycontrol, we try and explore the reasons why, as Fortune India put it, there is no quick fix for Yes Bank . And indeed, unless it is an adhesive goo in a tube, a quick fix solution does not, well... fix anything. Least of all the fortunes of a massive private bank they call Yes.