Karvy crisis deepens as Sebi pegs misuse at ₹2,800 crore3 min read 01 Dec 2019, 11:09 PM IST
New figure is 40% higher than the earlier one, may rise further after forensic analysis is over
NSE’s guidelines for protection of the interests of investors cap individual payouts in case of default at ₹25 lakh
Mumbai: The mess at Karvy Stock Broking Ltd seems to be much bigger than first believed. The markets regulator now estimates the misuse of client securities by the broker at ₹2,800 crore, 40% more than the ₹2,000 crore it determined earlier, two people with direct knowledge of the matter said.