Court extends Rana Kapoor's ED custody till March 20

A special court here on Monday extended the Enforcement Directorate (ED) custody of Yes Bank founder Rana Kapoor up to March 20.

Mumbai (Maharashtra) [India], Mar 16 : A special court here on Monday extended the Enforcement Directorate (ED) custody of Yes Bank founder Rana Kapoor up to March 20.

Kapoor was produced before the special court at the end of his five-day custody. Kapoor was arrested by the ED on March 7.

Kapoor was handed over to the ED till March 11 by Mumbai's Special Holiday Court on Sunday.

While making a request for five-day custody of Kapoor, the ED made a "verbal submission" to the court detailing the alleged financial irregularities of Yes Bank and DHFL.

Last week, the RBI suspended the board of directors at India's fourth-largest private bank and imposed the withdrawal limit on account holders till April 3 citing its poor financial health due to bad loans.

The RBI on Monday announced to lift the moratorium on March 18 at 6 pm.

( With inputs from ANI )