Incorporated in 1990, Karvy Stock Broking Ltd (KSBL) is part of KARVY Group; one of India's leading financial services company provides stock broking and research advisory services.
They offer Customized investment solutions to corporate, institutions and individual investors through its wide network of offices. Using their combine account facility one can trade in Equities, Derivatives, Currency or invest in IPOs, Mutual funds or NCDs under one roof.
Based in Hyderabad they are among one ...
Karvy brokerage complaints report provide detail about the number of complaints received by the stock exchanges from the Karvy customers. The Karvy consumer complaints report analyzes the Karvy online complaint data provided by BSE and NSE. This report shows the health of the broker.
These complaints are serious grievances against Karvy broker which the broker and customer failed to resolve. The customer then filed these legal complaints with the stock exchange.
The Karvy complaint no. report also provides Karvy’s number of active clients. This shows the growth of the broker year on year.
2020-21 | 2019-20 | 2018-19 | |
---|---|---|---|
Defaulter Yes/No | Yes (Expelled) | No | No |
No. of clients at the beginning of the year | |||
No. of active clients | 2064 | 243256 | 268272 |
No. of complaints received * | 4798 | 7443 | 241 |
Resolved through the exchange | 184 | 825 | 230 |
Non actionable ** | 20 | 50 | 0 |
Advised / Opted for arbitration | 0 | 3 | 0 |
Pending for redressal with exchange | 4594 | 6565 | 11 |
No. of arbitration filed by clients | 6 | 10 | |
Decided by arbitrators in favour of the clients | 5 | 10 | |
Decided by the arbitrators | 4 | 7 | |
Pending for redressal with arbitrators | 1 | 0 | |
% of No. of complaints as against No. of active clients | 232.46 | 3.05 | 0.08 |
% of complaints resolved as against complaints received | 4.25 | 11.79 | 95.43 |
2020-21 | 2019-20 | 2018-19 | |
---|---|---|---|
Defaulter Yes/No | No | No | No |
No. of clients at the beginning of the year | 3016340 | 1030514 | 859806 |
No. of active clients | 36901 | 36503 | 39838 |
No. of complaints received * | 197 | 458 | 36 |
Resolved through the exchange | 28 | 77 | 32 |
Non actionable ** | 0 | 302 | 0 |
Advised / Opted for arbitration | 0 | 4 | 4 |
Pending for redressal with exchange | 169 | 381 | 4 |
No. of arbitration filed by clients | 0 | 0 | 0 |
Decided by arbitrators in favour of the clients | 0 | 0 | 0 |
Decided by the arbitrators | 0 | 0 | 0 |
Pending for redressal with arbitrators | 0 | 0 | 0 |
% of No. of complaints as against No. of active clients | 0 | 1.25 | 0.09 |
% of complaints resolved as against complaints received | 14.21 | 16.81 | 88.89 |
Note:
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