Karvy Stock Broking
Karvy default a boon for discount brokers
Competitive intensity remained strong, as the quarter saw default by Karvy and launch of broking services by PayTM, says an HDFC Securities report.
More brokerages may have used clients’ funds
“Any such increase in costs could strain smaller brokerages financially,” the source said.
Transfer of stocks to Karvy clients halted on SAT order
Interim stay follows appeal by Bajaj Finance and private banks.
Sebi plans to tighten rules for brokers after Karvy debacle
The measures likely to be taken by Sebi include barring brokers from offering clearing and settlement services.
1 of 1