Apr 07, 2021 07:37 AM IST
Without NOC from Karvy or SEBI’s approval, fund houses can’t pay sub-brokers directly, putting them in financial strain.
- Mar 12, 2021 09:37 AM IST
SEBI imposes high penalties on investors and traders for breaking the law. That is good, but the same yardstick should be used to penalise brokers and exchanges
- Aug 07, 2020 09:39 AM IST
Keeping the markets functioning smoothly during the lockdown period will go down as one of his biggest achievements
- Feb 17, 2020 07:21 PM IST
Beleaguered stock broker Karvy will clear its obligations towards lenders and clients by the first week of March, SEBI chairman Ajay Tyagi told reporters today.
- Feb 17, 2020 05:50 PM IST
Securities and Exchange Board of India (SEBI) today announced a number of steps to regulate financial markets.
- Dec 30, 2019 02:18 PM IST
A close examination of these defaults suggests that less regulation was not the problem and more regulation is not the solution
- Dec 18, 2019 09:58 PM IST
The lenders are hoping to recover money from Karvy by seeking the sale of broker’s assets which is pledged with bankers by the DRT. A source close to development told Moneycontrol, "Karvy's promoters pledged their own stake and other assets which are around worth of Rs 5,000 crore."
- Dec 11, 2019 03:15 PM IST
Lenders that extended loans to Karvy, partially in lieu of client securities, had enough warning signs that something was amiss.
- Dec 10, 2019 02:12 PM IST
Karvy is under regulatory lens for allegedly misusing securities of over 95,000 clients which it was holding to raise over Rs 600 crore in loans.
- Dec 10, 2019 09:24 AM IST
The lenders should have completed their proper due-diligence before releasing the money
- Dec 07, 2019 10:03 AM IST
Here's an explainer on what the Karvy scam is all about, how banks have been affected and who's at fault.
- Dec 04, 2019 06:28 PM IST
SAT had earlier directed SEBI to hear Bajaj Finance's plea and pass an order by December 10.
- Dec 02, 2019 08:40 PM IST
Bajaj Finance has moved the SAT to challenge SEBI's decision on restoring Karvy's pledged securities to its clients.
- Dec 02, 2019 08:25 AM IST
After considering the facts and circumstances of the case including enormity of the prima facie violations observed against Karvy, Sebi in an order passed late night Friday said it would not be prudent to allow the use of PoA by Karvy given to it by its clients.
- Nov 29, 2019 08:03 PM IST
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- Nov 28, 2019 12:50 PM IST
The lenders, five private banks and an NBFC, have a collective exposure of Rs 1,415 crore against these pledged shares
- Nov 27, 2019 01:22 PM IST
Tyagi's comments come days after SEBI banned Karvy, with immediate effect, for selling client stocks pledged with it through associated entities.
- Nov 26, 2019 03:56 PM IST
Choose a new DP with care and stick to large and well-established names
- Nov 26, 2019 08:40 AM IST
The regulator’s portal and social media help in finding out which broker has least complaints.
- Nov 25, 2019 11:44 AM IST
Under the revised structure, client money will continue to be kept with depositaries such as NSDL and CDSL or custodian and can be transferred to a broker only under the direction of the clearing corporation.
- Nov 16, 2019 04:14 PM IST
The Hyderabad based-financial services group is facing a liquidity crunch as some of its clients have defaulted on payments after incurring huge losses on trades in castor seed contracts.
- Jan 25, 2019 01:08 PM IST
We expect Budget to be more than a routine Vote On Account. The government may make announcements in order to please rural voters and the urban middle class. These could include cash transfers and some changes in the income tax slabs.
- Apr 21, 2017 05:42 PM IST
Karvy has come out with its sector report on Construction dated April 21, 2017. New pharma policy on the anvil. Order momentum continues.
- Mar 26, 2017 11:18 AM IST
A detailed study by Karvy Stock Broking reveals that if somebody who would have invested just Rs 5,000 per month for the last 20 years in these five funds, you would have earned you more than Rs 1 crore now.
- Mar 10, 2017 11:14 AM IST
Karvy has come out with its currency report. According to the research firm, one can enter EURINR at 70.70 - 70.60; and Buy with a target of 71.05 with a stop loss of 70.504.