Mr. Ashok Kapur, Non-Executive Chairman of YES Bank, has been killed by terrorists in Hotel Oberoi in south Mumbai.

Mr. Ashok fell to the bullets of terrorists who had laid siege to Hotel for more than 40 hours beginning Wednesday evening.

His body was found on the 19th floor of the hotel, a YES Bank spokesperson said this evening.

Mr. Kapur along with his wife and friends had gone to the Oberoi for dinner on Wednesday at one of the restaurants on the ground floor.

His wife and friends, however, had a miraculous escape.
 
“One terrorist was very close behind me, but some of us managed to get away and I found myself hiding somewhere with a Spanish couple,” said Ms Madhu Kapur.

She moved around in the hotel, hiding here and there, till she was finally escorted out on Thursday morning. Since then, Ms Madhu maintained a tense vigil outside the hotel, anxious for a word on her husband’s safety.

Along with the bank’s MD & CEO Rana Kapoor, Ashok Kapur, who started his career with Grindlays Bank, was instrumental in setting up the new generation YES bank.

He was also the first Asian to be appointed country manager of ABN Amro Bank, India. Before joining Yes Bank, Kapur was the Managing Director of Rabo India.