“In the said case, this was done without their consent and misusing the power of attorney. The securities were transferred into the demat a...

IIFL Securities had won the bid to acquire the 11 lakh demat accounts held by Karvy. Axis Securities emerged as the successful bidder for K...

Investors with fund balances upto Rs 30,000 due from Karvy Stock Broking have been settled, the exchange said. Adding that disciplinary pro...

Tyagi said Sebi did not want to disrupt the disbursement of the funds

Axis Bank lent Rs 80.47 crore to Karvy Stock Broking in the form of overdraft against shares.

Axis Bank lent Rs 80.47 crore to Karvy Stock Broking in the form of overdraft against shares.

HDFC Bank, IndusInd, ICICI and Bajaj Fin had sought return of shares pledged by Karvy.

Many disgruntled customers have been venting their anger on Twitter.

At present, the brokerage has more than Rs 38,000 crore worth assets under custody and management.

Bajaj Finance’s petition before SAT on Monday had called on Sebi to hear its concerns.

Sebi alleged that Karvy has misused client securities by pledging them with banks and FIs to raise funds.

Even as Karvy tried to adopt corporate practices, a few old habits lingered.

Sebi order states that till we make our submission, we are not allowed to take new customers.

Karvy had allegedly sold client stocks pledged with it through associated entities.

On Saturday and Sunday, Karvy Stock Broking received 53 posts on its Twitter handle.

Sebi agreed to settle proposed proceedings after it paid Rs 6.8 lakh towards settlement charges.

In March 2014, Sebi had barred Karvy Stock Broking from taking up new assignment or launching new schemes for six months.