The Securities and Exchange Board of India (Sebi) is examining if brokers should be barred from offering clearing and settlement services, after the regulator found Karvy Stock Broking had illegally sold client stocks pledged to it for loans, two people directly aware of the matter said.
Start your deal-making journey now!
Subscribe now to enjoy unlimited access at just $59.
Premium coverage on private equity, venture capital, and startups in Asia.
Exclusive scoops from our reporters in nine key markets.
In-depth interviews with industry leaders shaping the ecosystem.
Already a Subscriber? Log in
Contact us for corporate subscriptions at subs@dealstreetasia.com
