IndusInd Bank default case: BIG ACTION! CEO, CFO of Karvy Stock Broking arrested by Hyderabad Police - Rajiv Ranjan Singh, G. Krishna Hari
The police had earlier arrested C Parthasarathy,Chairman of Karvy, on charges of defaulting a loan to the tune of Rs 137 crore to IndusInd Bank.
In November 2019, SEBI barred KSBL from taking new brokerage clients after it was found that the brokerage firm had allegedly misused clients' securities to the tune of over Rs 2,000 crore. Source: PTI