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Set in 1980s and 90s Bombay, the series follows (played by Pratik Gandhi ), known as the "Big Bull" of the Bombay Stock Exchange. His meteoric success was fueled by exploiting loopholes in the Ready Forward (RF) deals—a method of inter-bank lending.
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The aftermath was cataclysmic. The market crashed, wiping out the life savings of countless small investors and leading to the eventual arrest of Mehta and several high-ranking banking officials. However, the legacy of the 1992 scam is not purely one of loss. It served as a brutal catalyst for reform. The crisis forced the Indian government to empower the Securities and Exchange Board of India (SEBI) with statutory teeth, ushering in the modernization of stock exchanges, the introduction of online trading, and more rigorous auditing standards.
: Harshad exploited loopholes in the banking system—specifically using Ready Forward (RF) deals and fake Bank Receipts (BRs)—to funnel massive amounts of bank money into the stock market, driving up share prices artificially.
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