A man in India haunted the stock market in the early 1990s by taking advantage of banking regulations. Banks were required to maintain a certain percentage of deposits in government bonds, known as the Statutory Liquidity Ratio (SLR). Each day, banks had to submit reports detailing their balances and verifying sufficient investment in government bonds. This man would borrow money from multiple banks each day, using the funds from one bank to repay loans from others. By keeping the cycle going, he effectively retained control over the money from the first bank for the whole week.

1. Man who haunted
indian stock market

4. he banks in India have to maintain a particular amount of their deposits in government
bonds. This ratio is called SLR (Statutory Liquidity Ratio).
In the early 1990s, ach bank had to submit a detailed sheet of its balance at the end of the
day and also show that there was a sufficient amount invested in government bonds.

12. MON TUE WED
Money for B;
promises to
pay to B on
tue
Money
for D Money
from C
Money
from E
Money
for F
Retains money of A for whole week as working capital

27. Whatever one’s perception is….