Side Notes by Zerodha Varsity

How Harshad Mehta Scam led to many reforms in the Indian markets?

Episode Notes

The Harshad Mehta scam of 1992 exposed massive loopholes in India’s banking and stock market systems, leading to a series of crucial financial reforms. Faster adoption of digital banking and dematerialized shares, stricter regulatory oversight, and modernized stock exchanges were all outcomes of the reforms meant to prevent such frauds in the future.