Mumbai EOW files FIR against ex-Yes Bank CEO
after close1 source ↓written by the desknot a recommendation
- HDIL-linked loan
- ₹150 crore
- properties worth
- ₹1,000 crore
Mumbai's EOW has filed an FIR against former Yes Bank CEO Rana Kapoor and Suraksha ARC director Sudhir Valia over alleged irregularities involving a ₹150 crore HDIL-linked loan. The complaint cites criminal conspiracy and undervaluation of mortgaged properties worth nearly ₹1,000 crore.
This development may impact market sentiment towards banking stocks, particularly those linked to Yes Bank, as regulatory scrutiny intensifies. Traders should monitor further updates closely.
Not investment advice. For informational purposes only.