Yes Bank: How the bank plunged into crisis?

The board of Yes Bank, which was founded by Rana Kapoor and Ashok Kapur in 2003, was superseded amidst concerns of its weakening financial position. This crisis, however, was a long time coming. The RBI had raised concerns over corporate governance lapses and the deteriorating quality of the bank’s loan books in the last few years. Since its founding in 2003, Yes Bank rapidly expanded its corporate loan book by aggressively lending to corporates.