How CR Bhansali exploited India’s NBFC blind spots in the 1990s
Bhansali, a man of soaring ambition, emerged from humble roots to orchestrate one of the most audacious financial frauds of the 1990s. Coming within four years of the Harshad Mehta scandal, it exposed the vulnerabilities of India’s nascent non-banking financial sector. Hailing from Sujangarh, Rajasthan, Bhansali was born into a modest jute-trading family. After early…