Sep 02, 2021 10:12 PM IST
In November 2019, SEBI barred KSBL from taking new brokerage clients after it was found that the brokerage firm had allegedly misused clients' securities to the tune of over Rs 2,000 crore.
- Aug 25, 2021 11:14 AM IST
Funds raised by Karvy by pledging shares of its six bankers were transferred to the firm's own bank accounts, and not into 'Stock Broker Client Account', which is in contravention with the SEBI guidelines, the police said.
- Nov 24, 2020 01:04 PM IST
In a media release on November 23, NSE announced the expulsion of Karvy Stock Broking and declared it a defaulter.
- Dec 11, 2019 08:37 PM IST
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- Dec 10, 2019 07:01 PM IST
SEBI barred Karvy Stock Broking from taking on new clients and prevented it from using the Power of Attorney (PoA) given by clients after the broker was found guilty of having misused the securities of its clients.
- Dec 08, 2019 01:31 PM IST
NEFT to be available 24x7 from December 16, RBI opens window for 'on-tap' licensing of Small Finance Banks
- Dec 06, 2019 04:44 PM IST
SEBI mainly pursues attachment of properties in collective investment schemes where promoters fail to return the capital of small investors.
- Dec 03, 2019 12:32 PM IST
The banks have sought immediate freezing of the securities transferred to clients' accounts. HDFC Bank has lent Rs 400 crore to Karvy based on these pledged shares
- Dec 02, 2019 02:23 PM IST
The NSE and the BSE, on December 2, suspended Karvy's trading license with immediate effect.
- Dec 02, 2019 11:00 AM IST
Both exchanges issued a circular on December 2 suspending Karvy’s membership from all segments: equity, derivatives and commodities
- Dec 02, 2019 10:39 AM IST
SEBI has banned Karvy from taking new clients over suspected illegal use of clients’ shares.
- Nov 29, 2019 08:00 PM IST
The regulator's decision to debar the brokerage from using PoAs was part of an ex-parte order issued last Friday barring the brokerage from taking new broking clients as it has misused the clients' securities for its own benefits.
- Nov 28, 2019 09:46 AM IST
The market regulator is trying to understand why exchanges failed to notice lapses at Karvy. It is also trying to find out how exchanges failed to detect the illegal pledging of clients' shares by Karvy despite periodically auditing broking firms
- Nov 27, 2019 11:19 AM IST
Most AMCs are also planning to inform the investors through a letter that they need not worry about their investments in mutual fund schemes.
- Nov 27, 2019 11:04 AM IST
Bankers want to understand the extent of the problem and whether it will lead to a default by Karvy’s companies
- Nov 26, 2019 01:02 PM IST
SEBI got wind of the goings on at Karvy in mid-October when the brokerage used clients funds for proprietary trading. The regulator then carried out a reconciliation exercise of the client accounts.
- Nov 25, 2019 09:09 AM IST
The worry now is whether the scam is limited to Karvy
- Nov 22, 2019 09:30 AM IST
The exchange's preliminary report is the result of the limited purpose inspection of KSBL conducted by it on August 19, covering a period from January 1 onwards
- Sep 09, 2019 04:00 PM IST
Corporate banks, insurance, healthcare services, oil and gas, construction, engineering and logistics are among the key overweight sectors.
- Aug 27, 2019 02:15 PM IST
When a global recession arrives, the Indian economy would suffer as well, both due to the direct economic impact but more so on account of the indirect linkage via financial markets
- Jan 17, 2019 02:48 PM IST
"Mid and small caps are likely to underperform until their valuations become attractive, says Vivek Ranjan Misra of Karvy Stock Broking.
- Dec 12, 2018 11:34 AM IST
Karvy is of the view that the formation of a business-friendly government would help drive the next rally in equities. Our target for Nifty for December 2019 is 14,000,
- Nov 22, 2018 02:07 PM IST
Market is looking at the outcome of state elections as well as general elections which could act as a big trigger for D-Street, Karvy Stock Broking said.
- Jun 09, 2017 10:41 AM IST
Karvy has come out with its currency report. According to the research firm, one can enter EURINR at 72.30-72.40 for target of 72.02 with a stop loss of 72.50.
- Jun 08, 2017 11:30 AM IST
Karvy has come out with its currency report. According to the research firm, one can enter sell USDINR at 64.65-64.70 for target of 64.40 with a stop loss of 64.80.