It showed the availability of "Financiers" in the market—individuals who didn't trade stocks but provided the cash to settle trades in exchange for interest. The Rise and Fall: Why it was Banned
The difference between the spot price and the futures price, which functions almost exactly like the old Badla rate. index of badla
While the Badla system provided immense liquidity, it lacked the transparency and margin requirements of modern exchanges. It was often criticized for: It showed the availability of "Financiers" in the