 "Karvy")
The Securities Appellate Tribunal (SAT) has asked the NSE to take a decision by Friday in the matter of suspension of trading licence of Karvy Stock Broking Ltd.
This comes after Karvy moved to SAT against the NSE's directive which suspended the broker's licence on Monday due to non-compliance of regulatory provisions of the exchange.
This suspension pertains to its trading in capital market, futures & options, currency derivatives, debt and commodity derivatives segments.
Karvy had allegedly misused securities of over 95,000 clients which it was holding on behalf of the clients to raise over Rs 600 crore in loans from various lenders.
In
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