The Indian financial markets are in ‘perfect’ condition, says Mr U.K. Sinha, Chairman, Securities and Exchange Board of India.
Responding to queries from newspersons on the sidelines of the Institute of Insurance and Risk Management (IIRM) here on Friday, Mr Sinha said the market crash today could be because of global developments of which India was a part.
“We are watching the situation. Everything is perfect. Our risk management mechanism is intact,” he said.