Sebi must work with exchanges to reassure investors
Karvy's companies have taken close to Rs 2,900 crore from banks, including ICICI Bank, HDFC Bank, and Lakshmi Vilas Bank
Karvy said in a statement over the weekend that there was no "mis-utilisation" of client securities
Rating agency says the investment arm of Karvy Group didn't heed its requests for information about the company's performance.
On Friday, NSE forwarded a preliminary report to Sebi on the non-compliances observed with respect to the pledging/misuse of client securities by KSBL
Sources say the issue is not limited to just Karvy Stock Broking, with over three dozen more brokers under lens for misappropriating client funds to the tune of Rs 10,000 crore
Karvy is among the country's top 10 brokerage companies, with 244,000 customers in the country
KSBL is among the country's top 10 brokerage companies, with 244,000 customers in the country
Execution of big government projects and their realisation will remain key monitorables, CRISIL said
The official said their clients are starting to worry after the Sebi order and the company is reaching out to them to explain the ground reality
India is hardly immune to the global trend of sliding fees and trading commissions.
From DGCA directing IndiGo to replace unmodified P&W engines to Karvy denying fund abuse charges, here are the top headlines of the day.
A banking source said Karvy has not defaulted as yet and the management has given comfort to banks that the group is adequately funded and there will be no default