Page 4 - Karvy Stock Broking Limited Ksbl

Karvy: Clients of commodity arm knock on bourses' doors over payment delay

Karvy group's commodity broking arm, too, is facing a liquidity crisis because of some issues related to NCDEX

Karvy fiasco: Axis Bank moves SAT; tribunal to hear petition today

In its plea, Axis Bank has also made Central Depository Services as one of the respondents, along with NSDL and Sebi.

Karvy scandal fallout: Brokers fear escalation of compliance costs

Market regulator Sebi is expected to further tighten regulatory framework for brokerages

Past link haunts General Atlantic-backed KFin Tech; it goes for a makeover

Industry players say thanks to the strong market standing of General Atlantic

NSE asks investors to be careful in executing PoA with stock brokers

The latest communication comes against the backdrop of Karvy Stock Broking Ltd unauthorisedly transferring securities worth Rs 2,300 crore of more than 95,000 clients, into its account

BMA Wealth investors stage protests, demand Karvy-like refund action

Investors said while Sebi acted swiftly in the case of Karvy, it has done nothing to address their problem

After Karvy fiasco, brokerages reach out to investors, issue PoA advisories

Karvy is alleged to have gone beyond by using its client securities to raise money for its other businesses, including real estate

Top 10 business headlines: Airtel seeks FDI nod, Jio offers more free calls

From clinical trials for faster availability of new drugs to India's real GDP growth in FY20, here are the top business headlines of the day.

Karvy Stock Broking scandal: Sebi unlikely to provide relief to lenders

SAT has directed Sebi to pass an order on the matter by December 12. Sebi's circular in June had said clients' securities that were pledged must be unpledged and returned to them

Karvy incident aftermath: Legal shadow cast over collateral business

The Karvy incident may result in the collapse of the loan-against-shares market as it raises questions over the sanctity of pledged securities, say experts

Protect ordinary investors

They should not be made to pay for Karvy's unethical conduct

Karvy fiasco: SAT grants no relief to banks on wrongly pledged securities

Tribunal raps lenders for taking time to approach it, says plea to recall shares transferred to about 83,000 of Karvy's clients or to freeze them is "untenable"

Top Headlines: Pichai named Alphabet's CEO, Chidambaram gets bail and more

Google CEO Indian-American Sundar Pichai (47), is set to assume the role of Alphabet CEO

Karvy crisis: SAT refuses relief to lenders, asks to approach Sebi by Dec 6

The private sector banks joined the petition on Tuesday and there was a lengthy hearing

SAT asks NSE to take a decision on Karvy's licence suspension by Friday

This comes after Karvy moved to SAT against the NSE's directive which suspended the broker's licence on Monday due to non-compliance of regulatory provisions of the exchange

Karvy crisis: Sebi gives time to six brokers to wind up client accounts

Sebi wants these brokers to remove the pledges and return the shares to the clients (those who paid the dues)

Banks move SAT against NSDL's decision to transfer Karvy's securities

HDFC Bank had Rs 470 crore worth of shares pledged for Rs 300 crore of outstanding loans

SAT asks NSDL to hold back remaining stocks of Karvy Broking clients

Issuing an interim stay, a two-member SAT bench comprising MT Joshi and CKG Nair said the final order will be issued Wednesday afternoon

Karvy fiasco: NSDL's decision to transfer securities puts lenders in a spot

NSDL has transferred securities, against which loans were given, to clients

Karvy Fintech renames itself, appoints M V Nair as non-executive chairman

KFin Tech has also appointed MV Nair as the non-executive chairman the company with immediate effect