Page 2 - Karvy Stock Broking Limited Ksbl
Explained: What is the Karvy Stock Broking case & what should investors do?
The BSE and NSE have terminated Karvy Stock Broking's membership with effect from November 24, 2020 for non-compliance with the regulatory provisions
 "Explained: What is the Karvy Stock Broking case & what should investors do?")
Karvy declared a defaulter by NSE for misuse of clients' securities
Clients can now be paid from investor protection fund corpus
Sebi confirms ban on Karvy for misuse of clients' securities in final order
KSBL has also been prohibited from alienating any of its assets, except with prior permission of the National Stock Exchange (NSE), till the settlement of claims of investors
NSE declares Karvy Stock Broking as defaulter, expels from membership
The National Stock Exchange has declared Karvy Stock Broking as a defaulter for non-compliance with the regulatory provisions of the bourse
Funds, securities worth Rs 2,300 cr settled in Karvy case, says NSE
The case pertains to Karvy unauthorisedly transferring securities of clients into one of its Demat accounts by misusing the PoAs (Power of Attorney) given by its clients
Mutual fund industry hit as new 'financial advisor' additions plunge
ARN is a unique code allotted to intermediaries by the Association of Mutual Funds in India (Amfi)
 "Mutual fund industry hit as new 'financial advisor' additions plunge")
Sebi bans transfer of clients' securities to demat accounts of brokers
In November, the watchdog barred KSBL from taking new brokerage clients after it was found that the brokerage firm had allegedly misused clients' securities to the tune of more than Rs 2,000 crore.
 "Sebi bans transfer of clients' securities to demat accounts of brokers")
Stock broking scandal: Karvy withdraws appeals against NSE, Sebi in SAT
Sebi had banned the Hyderabad-based broking house, while the NSE had also suspended its membership. Karvy had appealed in the SAT against these orders.
SAT extends status quo on Axis Bank-Karvy Stock Broking case till Jan 31
On January 15, Axis Bank had moved SAT seeking relief against an order passed by the Securities and Exchange Board of India (Sebi)
 "SAT extends status quo on Axis Bank-Karvy Stock Broking case till Jan 31")
Top biz headlines: Bezos' India pitch, Airtel's fundraising, and more
From Huawei's likely 5G trial to DHFL-lenders meet, Business Standard brings you the top business headlines of the day
 "Top biz headlines: Bezos' India pitch, Airtel's fundraising, and more")
Karvy case: Interim relief to Axis Bank from Securities Appellate Tribunal
The tribunal granted interim relief in light of the fact that the National Securities Depository had earlier reversed securities to clients on the basis of Sebi's November 2019 order
 "Karvy case: Interim relief to Axis Bank from Securities Appellate Tribunal")
Axis Bank moves SAT seeking status quo against Sebi order on Karvy
The tribunal granted interim relief to Axis Bank, in light of the fact that in the past the National Securities Depository had reversed client securities on the basis of Sebi's November 2019 order
Karvy names group CEO for financial services biz in management reshuffle
Group is restructuring its overall business into two verticals - financial services and non-financial services - in a move aimed at improving governance and functioning
 "Karvy names group CEO for financial services biz in management reshuffle")
Karvy case: ICICI Bank to challenge Telangana HC stay on DRT proceedings
The DRT had stayed the plea of the bank that immoveable and moveable properties of Karvy Stock Broking and other respondents be taken under possession
 "Karvy case: ICICI Bank to challenge Telangana HC stay on DRT proceedings")
Karvy splits biz, non-finance business to be housed in separate arm
It has also appointed Amitabh Chaturvedi, who used to head private sector lender Dhanlaxmi Bank, as the company's group chief executive for financial services
Top headlines: Govt's infra push, reforms to revive power sector, and more
FM Sitharaman unveils Rs 102-trn of infra projects, reforms to revive struggling power retailers and more top headlines of the day
 "Top headlines: Govt's infra push, reforms to revive power sector, and more")
Karvy Group names Amitabh Chaturvedi as new head of financial services arm
Karvy Group is in the process of restructuring its overall business into financial services and non-financial services verticals, it said on Tuesday
 "Karvy Group names Amitabh Chaturvedi as new head of financial services arm")
Karvy Stock Broking gets interim relief from Debt Recovery Tribunal plea
In ICICI Bank's DRT plea, Karvy group's chairman and managing director C Parthasarthy, was also listed as one of the respondents
BSE's small brokers are folding up as technology, regulations outpace them
India had slightly more than 2,400 brokerages as of December 24, down from more than 9,000 in March 2014.
 "BSE's small brokers are folding up as technology, regulations outpace them")
Bank-backed broking houses expect client influx after Karvy fiasco
Trust deficit after Karvy fiasco and access to margin facility to drive shift of investors
 "Bank-backed broking houses expect client influx after Karvy fiasco")
