National Stock Exchange Terminates Membership Of Karvy Stock Broking
The National Stock Exchange (NSE) on November 23 terminated the membership of Karvy Stock Broking after declaring them as defaulter. The NSE took this decision after Karvy was found flouting the regulator's guidelines. Earlier, in 2019, Securities and Exchange Board of India (SEBI) had found Karvy misappropriating amounts up to Rs 2,000 crore by misusing 'Power of Attorney' of clients and transferring clients' securities in the company's business.