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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If I am not wrong then, AMTEK auto which caused huge losses to investors was rated by CRISIL and CARE. Similarly fraudulent Deewan Housing Finance (DHFL) and HDIL which went down and dragged PMC bank with them was rated by CRISIL.
Will SEBI dare to take similar action against CRISIL or ICRA or CARE or India Ratings ? who is saving these other rating agencies ?