Keyword Analysis & Research: summary of harshad mehta scam


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Frequently Asked Questions

How did the Mehta scam affect the stock market?

The securities scam of 1992, involving Mehta, led to sweeping stock market reforms and exposed loopholes in the country's banking system. Mehta was often referred to as the 'Big Bull' of Dalal Street or the 'Amitabh Bachchan' of the Indian stock market. He manipulated stocks by illegally obtaining money from several banks using fake bank receipts.

How did Harshad Mehta manipulate stocks?

As many financial journalists who covered the scam recall, Harshad Mehta successfully managed to manipulate stocks by illegally obtaining money from several banks using fake bank receipts. He created a vicious cycle of fraud involving big names such as the State Bank of India (SBI) and the National Housing Bank (NHB).

What was Harshad Shantilal Mehta scam?

The securities scam of 1992, involving infamous stockbroker Harshad Shantilal Mehta, led to sweeping stock market reforms and revealed systemic loopholes in the country's banking sector.

What is the Harshad Mehta case?

This anomaly led to a larger investigation by the Janakiraman Committee, which was a Joint Parliamentary Committee appointed by the central bank. During his rise through the 80s, Harshad Mehta had already established strong relations in the banking system.


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