As per update from CFA Institute, Delhi high court has allowed CFA Level 1 exam to be held in India.
In a week's time, CFA Institute will come up with the test centres.
We believe that Mumbai will defintely a test centre, but along with it, there are high chances of New Delhi, Kolkata, Chennai and Bangalore to be centres.
This comes as a relief to the candidates who were planning to take the examination outside India.
Please see the release from CFA Institute
http://www.cfainstitute.org/aboutus/worldwide/asiapac/india.html
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