Karvy fraud saga and its impact on Dalal Street, explained
Updated : November 25, 2019 03:18 PM IST
The defaults are to the tune of Rs 2,000 crore and Sebi has directed that pending forensic audit, KSBL is prohibited from taking new clients with respect to its stockbroking activities.
Early indications suggest that Sebi’s response will not be limited to the actions that are taken against Karvy.
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