Insiders say Rana Kapoor had slowly but surely side-lined Ashok Kapur’s role at the bank over the years and taken up the key responsibilities himself.

After the death of Ashok Kapur in the 26/11 terror attacks on Mumbai, the dispute between the two families became public.Rana Kapoor refused to concede to Madhu Kapur’s demand that her family is represented on the bank’s board. While the reconstruction is complete, the problems are far from over.

The same Kapoor had once famously claimed that his shares in the bank were like “diamonds”, and he would hold onto them forever.The notification did not mention the status of Rana Kapoor, founder and co-promoter of the 16-year old bank.When asked the reason for this dramatic change in the promoters' position, a senior official of Yes Bank clarified to CNBC-TV18 “Once the government-approved reconstruction scheme for Yes Bank was implemented, then there is no promoter. Madhu Kapur and family have now relinquished their status as promoters of the bank, less than three months into the bank’s bailout.Yes Bank on Saturday informed exchanges that it “received a letter dated May 28, 2020 (Received on May 29, 2020) from (i) Mrs. Madhu Ashok Kapur; (ii) Mrs. Shagun Kapur Gogia; (iii) Mr. Gaurav Ashok Kapur; and (iv) Mags Finvest Private Limited [collectively referred to as “Madhu Kapur Group”] consenting to reclassify their shareholding in the Bank as ‘non-promoter shareholders’ (i.e. Yes Bank is now looking to raise almost Rs 15,000 crores to clean up its books, strengthen its weak balance sheet. In 2019, by when Rana Kapoor was removed from the CEO position by the regulator, the two finally reached a settlement, and Kapur’s daughter Shagun Gogia was given a board seat.The bank is now being helmed by its third Chief Executive Officer in less than two years. A very good JUDGEMENT and reiteration of our faith in higher judiciary. Kudos to HC for unbiased approach !The verdict is quite a guidance on professionalism over family in the matters of board.

Known For Madhu Kapoor is an actress, known for Baadal (1985), Siskiyan (1983) and Commander (1981). Newcomer Madhu Kapur gets her fortune from a 9.3% stake in Bombay Stock Exchange-listed Yes Bank.

Madhubala as a child artist with Mumtaz Shanti and Ulhas in Basant (1942) Madhubala's first film Basant (1942), was a box office success. Madhu Kapoor Actress Madhu Kapoor is an actress, known for Baadal (1985), Siskiyan (1983) and Commander (1981).

See picsDefending women's singles US Open champion Bianca Andreescu withdraws from this year's eventIntel Architecture Day 2020: New Tiger-Lake CPUs, XE Graphics, and MoreThe Best Padded Bike Shorts to Make Your Rides Way More ComfyWhy Pakistan celebrates Independence Day on August 14 a day before India doesIndia’s best-selling scooter Honda Activa 6G gets costlier again: Check new variant-wise pricesMiscreants put up flag with Khalistan written on it on terrace of Moga district administrative complexSouth Korean doctors strike over training plan as virus cases spikeDavid Warner, Steven Smith, Glenn Maxwell, Pat Cummins set to miss start of IPL 2020Anil Ambani to return Reliance Group to Ballard EstateTake 30 for Bobby Maximus' Brutal Bodyweight Workout2020 motoring events guide: which car shows and races are going ahead?Nigrani samities to keep eye on Covid-19 patients in Lucknow localities’Andhra High Court Directs State Govt to Maintain Status Quo Till Aug 27 for Shifting Administrative OfficesTRP Report: The Kapil Sharma Show makes a strong comeback; Kundali Bhagya & Anupamaa continue to take top spot Madhu Kapur and family held a 1.12 percent stake in Yes Bank, and their family-controlled entity Mags Finvest Private Limited held another 0.30 percent stake as of March 31, 2020. Daughter of director Kedar Kapoor. De-classification in a sense has been done by the government through their reconstruction scheme. Its curtains down for the longstanding Kapoor versus Kapur dispute at Yes Bank. There’s nothing else to read into this.”CNBC-TV18 also contacted Shagun Gogia, former board member of Yes Bank, and co-promoter Madhu Kapur’s daughter about this move.Gogia told CNBC-TV18, “The bank approached us to ask if we would consider giving our consent for being de-classified as promoter…The bank is looking to raise capital, and the new investors have to be given full disclosure on promoters.