Loans Worth Rs 20,000 Crore Sanctioned By Rana Kapoor Turned NPA, Says Enforcement Directorate

Loans worth Rs 20,000 crore out of Rs 30,000 crore sanctioned by Rana Kapoor, during his tenure as chief of the crisis-ridden Yes Bank, turned into bad debts, the Enforcement Directorate (ED) told a special court on Wednesday. According to news agency PTI, the submission was made by ED to a Prevention of Money Laundering Act (PMLA) court in Mumbai which extended Kapoor's custody till 16 March, after the agency sought remand for furth...