The bulk of the liquidity in the capital markets is in the form of CFS 4 or what was earlier called as Badla. (Rs.
•  The combination of regulatory and private sector responses around the world seems likely to result in reduced financial risk-taking in the foreseeable future. Regulators are taking much-needed action to ensure that risks are better managed, and the appetite for financial risk in the household and business sectors now is clearly much less than it was.