Karvy is among the country's top 10 brokerage companies, with 244,000 customers in the country
MIIs are institutions such as stock exchanges, clearing corporations, and depositories
NSDL was one of the 11 entities given licences to float payments bank
The new payments bank will be a separate entity housed within the 20-year-old securities depository
National Securities Depository Ltd is in advanced stage to offer the benefit
This facility was made operational on Tuesday and the first trade for a retail client was executed by HDFC Bank