The period from 2006 to 2012 saw a number of major events, a very significant one being the global meltdown in the banking and financial services industry (BFSI), which had knock-on effects on almost all business sectors. Considering that we now live in a connected world, India faced its own share of consequences although companies in the BFSI segment remained relatively unaffected by the turmoil seen in the Western world. It seemed as though the tighter regulatory regime had paid a dividend in an imploding global scenario. The relevant indices and statistics— including stock markets—reflected the stress the Indian environment went through. This.
