Rana Kapoor was not a successful leader for Yes Bank due to a lack of transparency in his leadership style, poor decision-making that centralized power around himself and failed to follow proper governance, and no accountability for risky investment choices that increased non-performing assets and jeopardized the bank's financial stability.
Rana Kapoor was not a successful leader for Yes Bank due to a lack of transparency in his leadership style, poor decision-making that centralized power around himself and failed to follow proper governance, and no accountability for risky investment choices that increased non-performing assets and jeopardized the bank's financial stability.
Rana Kapoor was not a successful leader for Yes Bank due to a lack of transparency in his leadership style, poor decision-making that centralized power around himself and failed to follow proper governance, and no accountability for risky investment choices that increased non-performing assets and jeopardized the bank's financial stability.
No, Rana Kapoor was not a successful leader because of the following three reasons
1. Lack of Transparency: His leadership style needed more transparency and
accountability. Kapoor's methods and motives were often unclear, and there were allegations of money laundering, further eroding trust in his leadership.
2. Poor decision-making skills: Kapoor's decision-making process needed to be better.
Most major loan proposals were reportedly decided by him, with formalities left to the bank. This centralised decision-making, often in his favour, did not align with sound governance principles and failed to benefit all stakeholders.
3. No Accountability: Moreover, Kapoor's investment choices, particularly in high-risk
ventures, resulted in a significant amount of Non-Performing Assets (NPAs). This not only jeopardised the bank's financial health but also led to a loss of public trust in the company and the banking system.