Comment on On the Karvy Issue

Nithin Kamath commented on 23 Nov 2019, 11:03 PM

Currently, the pledging we allow is clients pledging their securities to NSCCL (National clearing corp) which allows them to get margins for trading F&O. This fund can’t be used for anything apart from FO margin. We are just being a conduit in this case for clients to pledge it with NSCCL.

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