Page 5 - Karvy Stock Broking Limited Ksbl

Sebi puts Karvy-HNIs nexus under scanner, EY conducts forensic audit

Regulatory sources say their prime objective is to ensure that innocent clients whose funds and securities are stuck with the brokerage are returned safely

Business as usual: Karvy tells clients it can keep trading despite Sebi ban

Karvy Private Wealth, a unit of the brokerage, issued a note after Sebi's ban to tell its clients that it will continue to provide trading services

Karvy Group Chairman & MD C Parthasarathy resigns from Karvy Fintech

A year ago, the PE firm had acquired Karvy group's stake for around Rs 1,000 crore

ICRA downgrades Karvy Stock Broking's long-term bank lines to 'BB'

The rating is based on limited or no updated information on the entity's performance since the time it was last rated in March 2019.

What Karvy Stock Broking has done can't be allowed: Sebi chief Ajay Tyagi

Regulator says looking to tighten related-party transaction norms

EY's forensic audit on Karvy to focus on fund diversion of Rs 1,100 cr

The company stopped giving financial information on the group companies, leading to multiple downgrades by rating firm ICRA in November.

Karvy crisis: What clients should do with holdings in their demat accounts

If demat holdings are intact, then Karvy's clients have the option to move to another broker. If not, they should complain.

Karvy Broking's possible default gives investors, bankers the jitters

Market regulator Sebi has barred Karvy Broking from taking on new clients over alleged misuse of clients' securities

Karvy indulged in activities which were never allowed, says Sebi chief

Tyagi said that, in June, Sebi had made its stance 'explicit' through a circular and hinted that there was no case for entities to indulge in such practices before that as well

Misusing client assets

Sebi must work with exchanges to reassure investors

Karvy crisis: Bankers raise concern with NSE and Sebi over exposure

Karvy's companies have taken close to Rs 2,900 crore from banks, including ICICI Bank, HDFC Bank, and Lakshmi Vilas Bank

Sebi ban on Karvy over client fund misuse unnerves India's retail investors

Karvy said in a statement over the weekend that there was no "mis-utilisation" of client securities

ICRA cuts Karvy Broking's credit rating to 'non-cooperating category'

Rating agency says the investment arm of Karvy Group didn't heed its requests for information about the company's performance.

Sebi bars Karvy Stock Broking from taking new clients over misuse of funds

On Friday, NSE forwarded a preliminary report to Sebi on the non-compliances observed with respect to the pledging/misuse of client securities by KSBL

Karvy a tip of iceberg: Lens on 3 dozen brokers for Rs 10k-crore fund abuse

Sources say the issue is not limited to just Karvy Stock Broking, with over three dozen more brokers under lens for misappropriating client funds to the tune of Rs 10,000 crore

How the Karvy case brought another three dozen brokers under Sebi's radar

Karvy is among the country's top 10 brokerage companies, with 244,000 customers in the country

Karvy Group's mistakes likely to cost firm stock broking business

KSBL is among the country's top 10 brokerage companies, with 244,000 customers in the country

Karvy group's liquidity to stay stretched over medium term: CRISIL

Execution of big government projects and their realisation will remain key monitorables, CRISIL said

Karvy denies misuse of client funds, says only Rs 50 cr dues pending

The official said their clients are starting to worry after the Sebi order and the company is reaching out to them to explain the ground reality

Karvy ban shows India must get rid of dodgy brokers to back healthy equity

India is hardly immune to the global trend of sliding fees and trading commissions.