Banking sector has remained the spine of Indian financial system since independence. As for regulation and the dearth of, lookup the Tulip mania, the South Seas bubble and the Mississippi firm. We’re on this mess largely because the widespread (wo)man did not hassle to read up on the topic they had been dealing in. Regulators don’t take the place of due diligence, in reality usually times they encourage people to not look out for their own pursuits; in any case the government is looking out for me. They don’t seem to be. Government regulators solely care about pacifying folks and holding them from thinking too arduous about how they’re getting…