



Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam

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Fiercely independent and pro-consumer information on personal finance.
30-day online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.

Fiercely independent and pro-consumer information on personal finance.
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 Governance deficit
 Poor credit appraisal particularly in infra financing such as highways where contracts were ‘gold plated’; Power which suffered from Faulty FSAs, absence of Pass through arrangements, lack of provision for termination payments etc.;
 Weak risk management;
 Chasing quick growth;
 Pretend and Extend" and I fully agree with him. Some banks fail to do the root cause analysis to learn from the past experiences. They have become complacent and arrogant. Unless this attitude changes, these banks are going to be a drag on the economy.