Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | Bank, Boom, Bust -George Mathew, Sunny Verma & Sandeep Singh     </title>
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In 2004, a former bank executive started his own bank. As it grew, courting corporates, lending aggressively and dodging referees, the bad loans grew too. Until one day, the bank went belly up. The Indian Express on how..."/>
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In 2004, a former bank executive started his own bank. As it grew, courting corporates, lending aggressively and dodging referees, the bad loans grew too. Until one day, the bank went belly up. The Indian Express on how..." />
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                            <p style="text-align:justify">-The Indian Express</p><p style="text-align:justify"><em>In 2004, a former bank executive started his own bank. As it grew, courting corporates, lending aggressively and dodging referees, the bad loans grew too. Until one day, the bank went belly up. The Indian Express on how the story of Yes Bank and Rana Kapoor is of warning bells that went unheard.</em></p><p style="text-align:justify">After providing services to Yes Bank for years, a vendor was keen to terminate the contract. But no sooner had he left the Yes Bank office after communicating this to the bank&rsquo;s then CEO Rana Kapoor, than he got a call from Kapoor&rsquo;s secretary seeking an seeking an appointment the next day to &ldquo;sort things out&rdquo;. The following morning, half an hour before the appointed time, there landed at the vendor&rsquo;s office hundreds of small pots of money plant, along with an expensive art piece. As well as a letter from Kapoor to the vendor, in which he called the latter a &ldquo;partner&rdquo; in Yes Bank&rsquo;s growth story, and apologised &ldquo;for not valuing the services offered&rdquo;. The letter also promised to triple the fee Yes Bank would pay henceforth. Even as the vendor was recovering from all the activity around his office, Kapoor walked in at the appointed hour to talk the vendor out of his decision. Needless to say, the vendor stayed on.</p><p style="text-align:justify">Please <a href="https://indianexpress.com/article/india/yes-bank-crisis-rana-kapoor-npa-rbi-reserve-bank-of-india-6314627/" title="https://indianexpress.com/article/india/yes-bank-crisis-rana-kapoor-npa-rbi-reserve-bank-of-india-6314627/">click here</a> to read more.</p>                                                           
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    <br><a href="https://indianexpress.com/article/india/yes-bank-crisis-rana-kapoor-npa-rbi-reserve-bank-of-india-6314627/" class="re" target="_blank">The Indian Express, 15 March, 2020, https://indianexpress.com/article/india/yes-bank-crisis-rana-kapoor-npa-rbi-reserve-bank-of-india-6314627/</a><div class="clear"></div>
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                            <p style="text-align:justify">-The Indian Express</p><p style="text-align:justify"><em>In 2004, a former bank executive started his own bank. As it grew, courting corporates, lending aggressively and dodging referees, the bad loans grew too. Until one day, the bank went belly up. The Indian Express on how the story of Yes Bank and Rana Kapoor is of warning bells that went unheard.</em></p><p style="text-align:justify">After providing services to Yes Bank for years, a vendor was keen to terminate the contract. But no sooner had he left the Yes Bank office after communicating this to the bank&rsquo;s then CEO Rana Kapoor, than he got a call from Kapoor&rsquo;s secretary seeking an seeking an appointment the next day to &ldquo;sort things out&rdquo;. The following morning, half an hour before the appointed time, there landed at the vendor&rsquo;s office hundreds of small pots of money plant, along with an expensive art piece. As well as a letter from Kapoor to the vendor, in which he called the latter a &ldquo;partner&rdquo; in Yes Bank&rsquo;s growth story, and apologised &ldquo;for not valuing the services offered&rdquo;. The letter also promised to triple the fee Yes Bank would pay henceforth. Even as the vendor was recovering from all the activity around his office, Kapoor walked in at the appointed hour to talk the vendor out of his decision. Needless to say, the vendor stayed on.</p><p style="text-align:justify">Please <a href="https://indianexpress.com/article/india/yes-bank-crisis-rana-kapoor-npa-rbi-reserve-bank-of-india-6314627/" title="https://indianexpress.com/article/india/yes-bank-crisis-rana-kapoor-npa-rbi-reserve-bank-of-india-6314627/">click here</a> to read more.</p>                                                           
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    <br><a href="https://indianexpress.com/article/india/yes-bank-crisis-rana-kapoor-npa-rbi-reserve-bank-of-india-6314627/" class="re" target="_blank">The Indian Express, 15 March, 2020, https://indianexpress.com/article/india/yes-bank-crisis-rana-kapoor-npa-rbi-reserve-bank-of-india-6314627/</a><div class="clear"></div>
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                            <p style="text-align:justify">-The Indian Express</p><p style="text-align:justify"><em>In 2004, a former bank executive started his own bank. As it grew, courting corporates, lending aggressively and dodging referees, the bad loans grew too. Until one day, the bank went belly up. The Indian Express on how the story of Yes Bank and Rana Kapoor is of warning bells that went unheard.</em></p><p style="text-align:justify">After providing services to Yes Bank for years, a vendor was keen to terminate the contract. But no sooner had he left the Yes Bank office after communicating this to the bank&rsquo;s then CEO Rana Kapoor, than he got a call from Kapoor&rsquo;s secretary seeking an seeking an appointment the next day to &ldquo;sort things out&rdquo;. The following morning, half an hour before the appointed time, there landed at the vendor&rsquo;s office hundreds of small pots of money plant, along with an expensive art piece. As well as a letter from Kapoor to the vendor, in which he called the latter a &ldquo;partner&rdquo; in Yes Bank&rsquo;s growth story, and apologised &ldquo;for not valuing the services offered&rdquo;. The letter also promised to triple the fee Yes Bank would pay henceforth. Even as the vendor was recovering from all the activity around his office, Kapoor walked in at the appointed hour to talk the vendor out of his decision. Needless to say, the vendor stayed on.</p><p style="text-align:justify">Please <a href="https://indianexpress.com/article/india/yes-bank-crisis-rana-kapoor-npa-rbi-reserve-bank-of-india-6314627/" title="https://indianexpress.com/article/india/yes-bank-crisis-rana-kapoor-npa-rbi-reserve-bank-of-india-6314627/">click here</a> to read more.</p>                                                           
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    <br><a href="https://indianexpress.com/article/india/yes-bank-crisis-rana-kapoor-npa-rbi-reserve-bank-of-india-6314627/" class="re" target="_blank">The Indian Express, 15 March, 2020, https://indianexpress.com/article/india/yes-bank-crisis-rana-kapoor-npa-rbi-reserve-bank-of-india-6314627/</a><div class="clear"></div>
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Home हिन्दी

Bank, Boom, Bust -George Mathew, Sunny Verma & Sandeep Singh

Published on Mar 15, 2020   Modified on Mar 15, 2020

-The Indian Express In 2004, a former bank executive started his own bank. As it grew, courting corporates, lending aggressively and dodging referees, the bad loans grew too. Until one day, the bank went belly up. The Indian Express on how the story of Yes Bank and Rana Kapoor is of warning bells that went unheard. After providing services to Yes Bank for years, a vendor was keen to terminate the contract. But no sooner had he left the Yes Bank office after communicating this to the bank’s then CEO Rana Kapoor, than he got a call from Kapoor’s secretary seeking an seeking an appointment the next day to “sort things out”. The following morning, half an hour before the appointed time, there landed at the vendor’s office hundreds of small pots of money plant, along with an expensive art piece. As well as a letter from Kapoor to the vendor, in which he called the latter a “partner” in Yes Bank’s growth story, and apologised “for not valuing the services offered”. The letter also promised to triple the fee Yes Bank would pay henceforth. Even as the vendor was recovering from all the activity around his office, Kapoor walked in at the appointed hour to talk the vendor out of his decision. Needless to say, the vendor stayed on. Please click here to read more.

The Indian Express, 15 March, 2020, https://indianexpress.com/article/india/yes-bank-crisis-rana-kapoor-npa-rbi-reserve-bank-of-india-6314627/

Tagged with: Non-Performing Assets NPAs YES Bank

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