Page 3 - Karvy Stock Broking Limited Ksbl

Karvy fallout: Sebi plans tighter norms to protect mutual fund investors

Regulator proposes discontinuing of pooled accounts, to protect investors

Sebi slaps Rs 5 lakh fine on Karvy Financial Services for disclosure lapses

Karvy Financial Services was required to disclose creation of pledge to the company as well as the BSE in accordance with the market norms

Pass order on Axis Bank's plea in Karvy case by Jan 15: SAT to Sebi

Axis Bank had moved to the SAT seeking the shares pledged by Karvy Stock Broking Limited (KSBL) to the lender be unfrozen, so that it can invoke the pledges

Where can you bank for your buck?

From being perceived as economic victims weighed down by bad loans, the finance sector has emerged as the villain in 2019

SAT denies relief to Axis Bank in Karvy case, asks it to approach Sebi

Lender had approached tribunal seeking shares pledged by Karvy to it be unfreezed, saying the clients who owned the securities owed money to Karvy and therefore the pledge was good in law

IBC implementation to have positive impact on debt market: Sebi chief Tyagi

Amid instances of crises at various entities in the financial sector, Sebi chief Ajay Tyagi on Monday said such things affect trust of investors but that do not mean everything is wrong, and the regulator is taking steps quite quickly. "Whatever improvement is required, we are doing it quite quickly... whatever is in Sebi's domain," Tyagi said and referred to action taken in the case of crisis at Karvy Stock Broking Ltd. When asked whether instances such as crisis at DHFL, IL&FS and KSBL have impacted investors' trust, Tyagi said, "definitely such things affect the trust (of investors) but that does not mean everything is bad or everything is wrong". According to him, whatever was in Sebi's domain, the regulator has done things quite promptly. "Karvy was in our domain. We did very promptly. We are trying to improve on rating agencies side... and on bond market development," he said. On November 22, Sebi barred KSBL from taking new clients in respect of its stock broking activities

BMA clients demand relief from SAT, stage protests outside Sebi office

Their complaint stated about 45,000 investors had been affected by the alleged fraud

Sebi denies relief to lenders for flouting regulations in Karvy case

The circular "directly concerned the business activity" of the lenders

Karvy case: Appellate tribunal reserves order on Axis Bank's plea

Lender had overdraft facility of Rs 100 crore to brokerage

Karvy: Clients of commodity arm knock on bourses' doors over payment delay

Karvy group's commodity broking arm, too, is facing a liquidity crisis because of some issues related to NCDEX

Karvy fiasco: Axis Bank moves SAT; tribunal to hear petition today

In its plea, Axis Bank has also made Central Depository Services as one of the respondents, along with NSDL and Sebi.

Karvy scandal fallout: Brokers fear escalation of compliance costs

Market regulator Sebi is expected to further tighten regulatory framework for brokerages

Past link haunts General Atlantic-backed KFin Tech; it goes for a makeover

Industry players say thanks to the strong market standing of General Atlantic

NSE asks investors to be careful in executing PoA with stock brokers

The latest communication comes against the backdrop of Karvy Stock Broking Ltd unauthorisedly transferring securities worth Rs 2,300 crore of more than 95,000 clients, into its account

BMA Wealth investors stage protests, demand Karvy-like refund action

Investors said while Sebi acted swiftly in the case of Karvy, it has done nothing to address their problem

After Karvy fiasco, brokerages reach out to investors, issue PoA advisories

Karvy is alleged to have gone beyond by using its client securities to raise money for its other businesses, including real estate

Top 10 business headlines: Airtel seeks FDI nod, Jio offers more free calls

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Karvy Stock Broking scandal: Sebi unlikely to provide relief to lenders

SAT has directed Sebi to pass an order on the matter by December 12. Sebi's circular in June had said clients' securities that were pledged must be unpledged and returned to them

Karvy incident aftermath: Legal shadow cast over collateral business

The Karvy incident may result in the collapse of the loan-against-shares market as it raises questions over the sanctity of pledged securities, say experts

Protect ordinary investors

They should not be made to pay for Karvy's unethical conduct