The asset under management for 11 lakh Karvy demat accounts stands at Rs 3 lakh crore. The bidding process which began in early February ha...

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...

For the first time in India, stock exchanges and depositories have decided to sell the assets of a stockbroker to settle the dues of broker...

The move is aimed at enhancing stock exchange scrutiny of brokers and comes as regulators and bourses have drawn criticism for the late det...

Under the guidelines, stock brokers are required to fulfill their obligations and should not involve in any misconduct, or unprofessional c...

The National Stock Exchange (NSE) on Tuesday said that about 2.35 lakh investors who had stocks and money stuck with Karvy Stock Broking fo...

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

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

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

On Monday, depositories transferred securities worth Rs 2,013.77 crore to 82,559 clients of Karvy, said one of the persons.

Investors with accounts with the brokerage will be able to migrate to other brokers.

Karvy had moved the SAT seeking relief to allow the firm to tender securities for settlement.

Last week , Sebi banned Karvy Stock Broking for client defaults worth Rs2,000 crore.

Karvy serves 70 million investors and provides investment advice to more than 600 firms.

Karvy Comtrade was one of the brokers whose clients long castor had defaulted in margin obligations.

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

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