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Banking - Current Affairs and GK

Q1:

What is the reason for the cancellation of Karvy Investor Services Ltd's registration as a merchant banker by SEBI?

A Financial mismanagement

B Breach of eligibility criteria

C Non-compliance with regulatory norms

D Lack of physical infrastructure

ANS:B - Breach of eligibility criteria

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.