https://www.moneycontrol.com/news/business/will-not-allow-another-karvy-type-incident-sebi-chief-10334421.html
The Karvy scam came to light in 2019 when it was known that Hyderabad-based borekerage pledged securities worth Rs 2,300 crore of almost 95,000 clients with three private banks and a large non-banking finance company as collateral to raise loans worth over Rs…
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