Yes Bank was easily one of the most high profile collapses of both a bank and an Indian business – right up there with Satyam in terms of the intrigue and fraud at play. Yes Bank, which was once counted amongst India’s blue-chip financial names had a slow but steady and decidedly ugly collapse. What led to this downfall and what is the story behind Rana Kapoor, the name synonymous with the bank? Importantly, are there signs of stress that still exist in the banks and how should depositors and stock investors distinguish between banks? In conversation with Furquan Moharkan, the author of The Banker Who Crushed His Diamonds: The Yes Bank Story and Vivek Kaul, the author of Bad Money, Mitali Mukherjee unpacks the banking tangle.

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