He attended the Frank Anthony Public School in New Delhi in 1973 and earned his bachelor's degree from Shri Ram College of Commerce in 1977.

[10][11] Kapoor joined Bank of America (BoA) as a management trainee in 1980 and was presented with an eagle pin by the chairman two years later.

Kapoor later joined ANZ Grindlays Investment Bank (ANZIB) as general manager & country head in 1996.

[20] In July 2019, the Times of India reported that with a 78% drop in the Yes Bank share price since August 2018, Kapoor's net worth had fallen by over a billion to $377 million.

[21] On 8 March 2020, the Enforcement Directorate (ED) registered a case against Kapoor under the Prevention of Money Laundering Act (PMLA) and he was arrested.

[23] The Central Bureau of Investigation (CBI) also charged Kapoor and his family members in a bribery and money-laundering case linked to Yes Bank.

• Dewan Housing Finance Limited • RKW Developers – owned by Dheeraj Wadhawan [29] Currently Kapoor is held at Taloja Jail, Maharashtra.

[30] Kapoor's bail application in the Prevention of Money Laundering case filed on the grounds that he is keeping poor health and is at the risk of contracting COVID-19, was rejected by Mumbai Court in April 2020.

[31] On 4 August 2023, the Supreme Court refused to entertain bail plea of Yes Bank founder Rana Kapoor in a money-laundering case against him.