The minister said capital markets regulator Sebi, along with exchanges, conducts regular inspection of brokers based on certain criteria an...

The agency’s registered a case under the Prevention of Money laundering Act (PMLA), 2002 for alleged fraud committed through illegal divers...

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...

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

Sale comes at a time when Karvy’s stock broking unit looks to sell assets to clear dues.

Karvy has also appointed Amitabh Chaturvedi as the company's group chief executive for financial services.

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

Karvy official blames castor fiasco for delay, says payouts of Rs 5.5 crore to 30 clients under process.

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

Sebi banned Karvy from taking new clients over client defaults worth Rs 2,000 crore.

There is also talk that Parthasarathy and his associates, who together hold 16.75% in the company, have sold their stake.

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

Karvy Fintech, the register and transfer agent, lists 23 fund houses among its clients.

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

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.