Page 3 - Karvy Stock Broking Limited Ksbl

Top biz headlines: Bezos' India pitch, Airtel's fundraising, and more

From Huawei's likely 5G trial to DHFL-lenders meet, Business Standard brings you the top business headlines of the day

Karvy case: Interim relief to Axis Bank from Securities Appellate Tribunal

The tribunal granted interim relief in light of the fact that the National Securities Depository had earlier reversed securities to clients on the basis of Sebi's November 2019 order

Axis Bank moves SAT seeking status quo against Sebi order on Karvy

The tribunal granted interim relief to Axis Bank, in light of the fact that in the past the National Securities Depository had reversed client securities on the basis of Sebi's November 2019 order

Karvy names group CEO for financial services biz in management reshuffle

Group is restructuring its overall business into two verticals - financial services and non-financial services - in a move aimed at improving governance and functioning

Karvy case: ICICI Bank to challenge Telangana HC stay on DRT proceedings

The DRT had stayed the plea of the bank that immoveable and moveable properties of Karvy Stock Broking and other respondents be taken under possession

Karvy splits biz, non-finance business to be housed in separate arm

It has also appointed Amitabh Chaturvedi, who used to head private sector lender Dhanlaxmi Bank, as the company's group chief executive for financial services

Top headlines: Govt's infra push, reforms to revive power sector, and more

FM Sitharaman unveils Rs 102-trn of infra projects, reforms to revive struggling power retailers and more top headlines of the day

Karvy Group names Amitabh Chaturvedi as new head of financial services arm

Karvy Group is in the process of restructuring its overall business into financial services and non-financial services verticals, it said on Tuesday

Karvy Stock Broking gets interim relief from Debt Recovery Tribunal plea

In ICICI Bank's DRT plea, Karvy group's chairman and managing director C Parthasarthy, was also listed as one of the respondents

BSE's small brokers are folding up as technology, regulations outpace them

India had slightly more than 2,400 brokerages as of December 24, down from more than 9,000 in March 2014.

Bank-backed broking houses expect client influx after Karvy fiasco

Trust deficit after Karvy fiasco and access to margin facility to drive shift of investors

Karvy fallout: Sebi plans tighter norms to protect mutual fund investors

Regulator proposes discontinuing of pooled accounts, to protect investors

Sebi slaps Rs 5 lakh fine on Karvy Financial Services for disclosure lapses

Karvy Financial Services was required to disclose creation of pledge to the company as well as the BSE in accordance with the market norms

Pass order on Axis Bank's plea in Karvy case by Jan 15: SAT to Sebi

Axis Bank had moved to the SAT seeking the shares pledged by Karvy Stock Broking Limited (KSBL) to the lender be unfrozen, so that it can invoke the pledges

Where can you bank for your buck?

From being perceived as economic victims weighed down by bad loans, the finance sector has emerged as the villain in 2019

SAT denies relief to Axis Bank in Karvy case, asks it to approach Sebi

Lender had approached tribunal seeking shares pledged by Karvy to it be unfreezed, saying the clients who owned the securities owed money to Karvy and therefore the pledge was good in law

IBC implementation to have positive impact on debt market: Sebi chief Tyagi

Amid instances of crises at various entities in the financial sector, Sebi chief Ajay Tyagi on Monday said such things affect trust of investors but that do not mean everything is wrong, and the regulator is taking steps quite quickly. "Whatever improvement is required, we are doing it quite quickly... whatever is in Sebi's domain," Tyagi said and referred to action taken in the case of crisis at Karvy Stock Broking Ltd. When asked whether instances such as crisis at DHFL, IL&FS and KSBL have impacted investors' trust, Tyagi said, "definitely such things affect the trust (of investors) but that does not mean everything is bad or everything is wrong". According to him, whatever was in Sebi's domain, the regulator has done things quite promptly. "Karvy was in our domain. We did very promptly. We are trying to improve on rating agencies side... and on bond market development," he said. On November 22, Sebi barred KSBL from taking new clients in respect of its stock broking activities

BMA clients demand relief from SAT, stage protests outside Sebi office

Their complaint stated about 45,000 investors had been affected by the alleged fraud

Sebi denies relief to lenders for flouting regulations in Karvy case

The circular "directly concerned the business activity" of the lenders

Karvy case: Appellate tribunal reserves order on Axis Bank's plea

Lender had overdraft facility of Rs 100 crore to brokerage