Almost all major scams impact the stock markets since they drive down investor sentiment. Market expert Harsh Jain, Co-founder and COO, Groww, listed out some of the famous scams in the history of Indian stock markets.
As SEBI and other regulatory bodies try their best to keep such scammers and fraudsters at bay, we hope that soon such scams become a thing of the past.
Speaking exclusively to CNBC-TV18 Former RBI Governor YV Reddy said that the institutional identity of the banking regulator has been damaged. It is a full-service central bank, he said, adding that the emphasis is only on the monetary policy.