Who is to blame for the Karvy debacle?

The scam around pledging of client securities without consent has set off a blame game and consequent crackdown by SEBI. But are the checks and balances good only till the next fraud happens?

13 September, 202116 min
0
Who is to blame for the Karvy debacle?

You may also like

Business
Story image

Why Kotak Mahindra Bank is in a hurry to swallow IDBI

As growth flatlines, acquisition of the government-controlled lender may be the only way out for the Uday Kotak-promoted bank to stay relevant.

Business
Story image

Bira shareholders plan an EGM to oust the founder

A management shakeup may be in the works at the beleaguered beer brand, as investors and lenders want to remove founder Ankur Jain and his family from the board.

Business
Story image

Ujjivan has to change its DNA for a universal banking licence

Cutting its decades-old reliance on microfinance loans is the only way the SFB can meet the regulator’s conditions for transitioning to a full-fledged bank