Explained: What is Karvy Stock Broking and what should investors do?

0

Karvy Stock Broking, one of India’s largest retail brokerages, became mired in controversy last year after several investors complained about delays in receiving payment funds for their trades. The Securities and Exchange Board of India, after learning of the case and exercising due diligence, banned the brokerage firm from taking new business on November 22, 2019 for embezzlement of client funds.

Cut to a year later, the NSE and ESB on November 24, 2020 declared the brokerage firm to be “failing” and kicked it out of their membership.




In this edition of the Business Standard podcast, Nikita Vashisht talks with B Gopkumar, MD and CEO of Axis Securities, about the way forward for corporate clients.

Dear reader,

Business Standard has always endeavored to provide up-to-date information and commentary on developments that matter to you and that have wider political and economic implications for the country and the world. Your constant encouragement and feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these challenging times stemming from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative opinions and incisive commentary on relevant topical issues.
However, we have a request.

As we battle the economic impact of the pandemic, we need your support even more so that we can continue to bring you more great content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of bringing you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism we are committed to.

Support quality journalism and subscribe to Business Standard.

digital editor

Share.

About Author

Comments are closed.