Ethical Challenges in Financial Sector: An Analysis of Current Financial Scams and Role of Ethics in Avoiding them At the present time the field of finance ethics is barely formed.Although standard business ethics courses give some attention to ethical issues in finance, few finance departments include a treatment of ethics. Interest in finance ethics is growing , however and many people in finance believe that ethics should receive some attention in finance education.The this study aims to analyze the current Indian scenario with reference to ethical behavior in particularly and also the key ethical challenges faced by financial sector including the lessons learnt so far Major financial scam in India security scam and financial scandals have led to the manipulate of large amount of money. bloating stock markets and sensex. even the financial markets having regulatory authority and empowered legal actions have failed in providing good corporate governance to some e...