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...

Later market regulator Sebi asked NSE to increase its Investor Protection Fund (IPF) corpus from Rs 560 crore to Rs 1,500 crore in order to...

A show cause notice is sent by Sebi upon completion of its probe. Once the exchanges reply on the matter, it will go to an adjudication off...

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

Specified assets for the purpose of Section 115E are shares in Indian companies; debentures issued by an Indian company other than a privat...

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.

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

The SAT order came on a plea from affected lenders-- HDFC Bank, ICICI Bank, Indusind Bank and Bajaj Finance.

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.

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

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.

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

The ED has charged Karvy for using the shares meant for Retail Individual Investor (RII) and also for creation of benami demat accounts.