Ah, that Harshad Mehta scandal was all about using bank receipts—BRs—for fake ready-forward deals in government securities, creating artificial money to pump the stock market. After that, they brought in stricter settlement through the Clearing Corporation and real-time monitoring, which tightened everything. But you know, from my desk in the nationalized bank, the real change was the mountain of paperwork—suddenly every small transfer needed ten signatures, while the big players just found new *paglu* loopholes. It made our honest, routine lending to farmers like you feel like a crime.
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