Nov 27, 2019
The year 2019 has been quite eventful for the Indian markets! Right from corporate governance issues popping up almost every month, the collapse of NBFCs such IL&FS and DHFL, then the shady practices in scheduled banks such as the PMC Bank and now comes the Karvy fiasco.
Read transcripts here: https://www.capitalmind.in/2019/11/podcast-the-strange-happenings-at-karvy-ep-15/
Deepak Shenoy (CEO) and Aditya Jaiswal (Analyst) discuss in detail how the Karvy fiasco unraveled followed by series of questions such as:
- What is a pool account and are brokers using it as means to fund themselves?
- Can brokers misuse the power of attorney signed by their clients?
- Is it safer to have demat accounts with banks?
- What should the existing clients of Karvy do?
- What happens to the banks/NBFCs who have lent money to Karvy?