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Karvy Crisis: Should Lenders Have Known Better?
Should Karvy’s lenders hope for any relief before SEBI? Or can the regulator tell them — you’ve made your bed, now lie in it?
10 Dec 2019, 10:42 AM IST
In the latest Karvy Stock Broking Ltd. crisis, the Securities Appellate Tribunal has told four lenders to make their case before the market regulator in order to retrieve their funds.On Nov. 22, via an interim order, the Securities and Exchange Board of India had barred Karvy from taking on any new clients after investigations indicated the brokerage had unauthorisedly pledged client securities to raise funds that it put to private u...
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