The Securities Appellate Tribunal (SAT) has ruled that stock exchanges have no powers to take control of the bank accounts of brokers in th...

The agency carried out these searches days after it recorded the statement of incarcerated KSBL Chairman and Managing Director (CMD) C Part...

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

The banks in their complaint alleged that Karvy group represented by Parthasarathy unlawfully pledged the shares of its clients and availed...

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...

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...

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

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.

Karvy is one of the largest brokerage firms and mutual fund registrar.

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.

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

Sebi has allowed the entity to continue with primary market activities that have been undertaken before today's order.

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