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Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 132)
2024-03-29 Banking
132.
What is the reason for the cancellation of Karvy Investor Services Ltd's registration as a merchant banker by SEBI?
Financial mismanagement
Breach of eligibility criteria
Non-compliance with regulatory norms
Lack of physical infrastructure
Answer: Option
Explanation:
SEBI cancelled Karvy Investor Services Ltd's registration as a merchant banker due to a breach of eligibility criteria, specifically related to operational functionality, infrastructure, and compliance with regulatory requirements, highlighting the importance of adhering to regulatory standards in financial services.
Discussion:
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