Company Information

Get to know Karvy Stock Broking

Founded as part of the Karvy Group in 1983, Karvy Stock Broking Limited (KSBL) grew to become one of India's largest retail stockbroking firms. The company offered a wide range of financial services, including equity trading, depository participant services, and distribution of other financial products to millions of retail investors. However, in 2019, the company was embroiled in a major scandal involving the illegal pledging of client securities, leading to its ban by the regulator SEBI, its expulsion from stock exchanges, and the eventual shutdown of its broking operations.

Industry

Stock BrokerPRIMARY
Financial Other Service
Financial Wealth Management

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Karvy Stock Broking

India

Founded in

1990 (36 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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Regulated

Recommended

(73 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.