Current Affairs - National - Discussion

Discussion Forum : National - Latest Current Affairs (Q.No. 5481)

2020-03-10 National

5481.

Rana Kapoor, who has recently been arrested on money laundering charges was the founder of which bank?

City Union Bank

Dhanlaxmi Bank

Axis Bank

Yes Bank

Answer: Option

Explanation:

The Enforcement Directorate arrested Yes Bank founder Rana Kapoor early under money laundering charges in connection with the bank's loans to the scam-hit Dewan Housing Finance Limited. The Reserve Bank of India had placed Yes Bank under a moratorium and took over itsboard.