Sources said the bankers were examining the situation and learnt to have been working on measures to recover funds if the brokerage faced default.
Karvy’s companies have taken close to Rs 2,900 crore from banks, including ICICI Bank, HDFC Bank, and Lakshmi Vilas Bank.
Another talking point was the National Stock Exchange (NSE) preliminary report, which has raised suspicions on transactions worth Rs 2,000 crore. Banks were anxious whether more transactions would tumble out because the exchange would take a few more days to submit its final report in the case.
The NSE assured lenders of a speedy and timely remedy of the matter.
In the order, Sebi
cited the NSE report in which KSBL misused power of attorney given by its clients. KSBL has sold client securities in the market in a disguised manner through its own and controlled entities.
Banks are in talks with Karvy, which has not defaulted yet and the management has said there is sufficient capital to pay its creditors.