Karvy chairman Parthasarathi arrested by CCS police deccanchronicle.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from deccanchronicle.com Daily Mail and Mail on Sunday newspapers.
Proceeding against NSE in Karvy case initiated by SEBI
By IANS |
Published on
Thu, Mar 11 2021 12:42 IST |
0 Views
National Stock Exchange. (File Photo: IANS). Image Source: IANS News
New Delhi, March 11 : The Securities and Exchange Board of India (SEBI) has initiated proceedings against the National Stock Exchange (NSE) in the fraud case wherein Karvy Stock Broking Pvt Ltd (KSBL), transferred securities worth around Rs 2,300 crore of more than 95,000 clients into its account and pledged them with the banks and NBFCs.
In a reply to the Lok Sabha, the Minister of State for Finance and Corporate Affairs, Anurag Thakur said: SEBI has initiated proceedings against NSE in the matter of KSBL for violating provisions of SEBI Circulars pertaining to monitoring of brokers and oversight of members.