ICICI Bank

Awards 2005

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Although India is moving slowly down the road to fully liberalised derivatives markets, financial institutions operating in the country are generally happy for financial supervisors to keep their feet on the brakes. Over the last couple of years regulation changes such as the introduction of rupee currency options mean that financial institutions have been able to introduce new product to their clients at a gradual pace. Indeed, most market participants say that they expect a trickle of furt