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Business News: CEO, CFO of scam-hit Karvy Stock Broking arrested in IndusInd Bank default case

Hyderabad police on Thursday arrested two senior executives of scam-hit Karvy Stock Broking Pvt Ltd for allegedly involving in diverting funds raised from banks by pledging clients' securities as collaterals. According to a police press release, Rajiv Ranjan Singh, Chief Executive Officer and G. Krishna Hari Chief Financial Officer of Karvy were arrested basing on

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New insurance rule from April 1: How to open an e-Insurance account, documents required, how to convert

This shift to digitisation is supported by four insurance repositories: CAMS, Karvy, NSDL Database Management (NDML), and the Central Insurance Repository of India.

India , Development-authority-of-india-irdai , Insurance-regulatory , Development-authority , Central-insurance-repository , E-insurance-policies , Irdai , Eia , Cams , Karvy , Nsdl

Supreme Court breather for Sebi on SAT ruling in Karvy pledge case

SAT had directed the regulator to compensate the lenders with the value of the underlying securities along with an interest of 10 percent per annum.

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Karvy Stock Broking case: Supreme Court stays SAT order quashing SEBI refusal to allow banks to revoke shares

The SAT had criticized NSDL for transferring the pledged shares to Karvy's clients without proper legal authority, likening the action to that of a highway robber.

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Sebi: SAT overturns Sebi order in Karvy case - The Economic Times

The tribunal has allowed Axis Bank to invoke the shares pledged in its favour and asked the Securities and Exchange Board of India (Sebi) to restore the pledge in favour of the other banks within four weeks and also compensate them.

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SAT slams NSDL, SEBI for 'highway robbery' of Karvy lenders

The Appellate Tribunal criticized NSDL for transferring the pledged shares to Karvy's clients without proper legal authority.

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Portability of brokers: Succour for investors?

Broker default episodes, when there is no broker portability, is marked by forced liquidations that creates risk exposures and eliminates potential risk-taking market participants who are capable of tolerating market risk at a critical time.

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Karvy Stock Broking's registration cancelled by Sebi for misappropriation of clients' funds

India's market regulator Sebi has cancelled the registration of Karvy Stock Broking Ltd for misusing clients' funds and securities after finding that it transferred funds from clients' accounts to their own accounts

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Sebi cancels Karvy Stock Broking's registration

Stock broker will continue to be liable for payment of dues

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SEBI cancels Karvy Stock Broking's registration for misusing funds of clients

It had also been slapped with a Rs 21 crore penalty for misusing the power of attorney that they had been entrusted with.

India , Karvy-stock-broking , Sebi , Karvy , Stock-broking , Registration , Funds , Clients ,

Live Breaking News & Updates on Karvy fintech pvt ltd

Stock broker will continue to be liable for payment of duesExchange-board-of-india-sebi , Karvy-stock-broking , Exchange-board , Stock-broker , Karvy , Ebi ,

It had also been slapped with a Rs 21 crore penalty for misusing the power of attorney that they had been entrusted with.India , Karvy-stock-broking , Sebi , Karvy , Stock-broking , Registration , Funds , Clients ,

Stock broker will continue to be liable for payment of dues

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It had also been slapped with a Rs 21 crore penalty for misusing the power of attorney that they had been entrusted with.

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