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The Times of India
The Times of India
Business
PTI

Sebi penalises BSE, NSE for laxity in detecting misuse of clients' funds by Karvy Stock Broking

NSE SEBI BSE KSBL New Delhi

NEW DELHI: Capital markets regulator Sebi has penalised stock exchanges -- BSE and NSE -- for "laxity" on their part in detecting misuse of clients' securities worth Rs 2,300 crore by Karvy Stock Broking Ltd (KSBL).

In two separate orders, the Securities and Exchange Board of India (Sebi) has imposed a fine of Rs 3 crore on BSE and Rs 2 crore on NSE.

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