People stand in front of a Reserve Bank of India logo at the Global Fintech Fest in Mumbai, India, 5 September, 2023.
"Any unchecked explosion in retail trading of futures and options can create future challenges, not just for the markets, but for investor sentiment and household finances," Nirmala Sitharaman, India's finance minister, told an industry conference this week. That frightened bank investors and immediately knocked off more than 3% from the India Nifty PSU Bank index.
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