What was the badla system: WEEKEND READ | Badla: The rise and ruin of an infamous stock market system
Synopsis As new restrictions to curb excessive speculation are placed on F&Os, does anyone even remember their precursor? For decades, it was the “Badla” system that fuelled our stock markets, offering traders a way to carry forward trades without upfront payments. While it injected liquidity and amplified profits, Badla also sparked speculation and manipulation because,…
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