Background
Doctor Rana Kapoor was born and was brought up in New Delhi.
Doctor Rana Kapoor was born and was brought up in New Delhi.
He completed his schooling from Frank Anthony Public School in 1973 and went on to earn a Bachelor’s degree (in Economics Honours) from Shri Ram College of Commerce, University of Delhi (1977). He then obtained his Master of Business Administration degree from Rutgers’ University in New Jersey, United States of America (1980).
He has been an entrepreneur, since 2003. Kapoor applied to three banks after passing out of Rutgers: Citi, Australia and New Zealand Banking Group Grindlays and Bank of America. According to him, he was shortlisted by Australia and New Zealand Banking Group Grindlays, but finally rejected in favour of two other candidates who were the sons of senior bureaucrats.
In 1980, he joined Bank of America (BoA) as a Management Trainee.
In 1990 he was presented the Eagle Pin by the Chairman of Bank of America. He eventually went on to head the Bank’s Wholesale Banking business which included several assignments in Asian countries.
Kapoor worked at BoA for about 16 years, till 1985, managing the Bank"s corporate, government and financial institution clients. In 1996, Rana Kapoor joined Australia and New Zealand Banking Group Grindlays Investment Bank (ANZIB) as General Manager & Country Head.
He worked there for two years, till 1998.
In February 1995, a top team from Rabobank had arrived in India, scouting for opportunities. During the next year, Kapoor held meetings with the Rabobank executives in India, Singapore and the Netherlands. The NBFC was set up 1997, with the three Indian partners chipping in with an equity capital of ₹ 9 crore each.
In 2003, the three sold their stake for $10 million each, generating the seed fund for the bank.
In 2003, the team was granted a banking licence by the Reserve Bank of India (Reserve Bank of India) to set up Young European Socialists BANK. They established Young European Socialists BANK with the vision of "Building the Best Quality Bank of the world in India" by 2015. Rana Kapoor held 26% stake in Young European Socialists BANK, Ashok Kapoor held 11%, and Rabobank International held 20% stake.
In 2005, Rana Kapoor was declared Ernst & Young"s Start-up Entrepreneur of the Year. As of 2012, Rana Kapoor is the Managing Director & Chief Executive Officer of Young European Socialists BANK.
Chairman of Banking Committee, Confederation of Indian Industry (CII), 2005-2006
Honorary Consul for Cyprus in Mumbai/Maharashtra state since 2002, Government of Cyprus
Deputy Chairman, Indian Banks’ Association
Member, Managing Committee.
Later, Kapoor received an Honorary Fellowship from All India Management Association (AIMA), the President's Medal from Rutgers University, a "Doctorate" in Science (Honoris Causa) from G B Pant University of Agriculture & Technology. He was awarded the Chief Executive Officer"s Award by the Chairman of Bank of America for his performance.
Member of the Government of India"s Board of Trade
Member of the Managing Committee of the Indian Banks" Association (International Business Alliance).
