In November 2020, Bombay Stock Exchange declared Karvy Stock Broking as a defaulter and removed the brokerage house from its membership after a similar action was initiated by the National Stock Exchange.source https://economictimes.indiatimes.com/industry/banking/finance/ceo-cfo-of-scam-hit-karvy-stock-broking-arrested-in-indusind-bank-default-case/articleshow/85867462.cms
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