How can a client pledge shares in our demat account? I mean what a client needs to do ? U said if client wants to pledge but what if client never told u to pledge but u still go ahead and pledge and use that money for your own use ..I believe that is what Karvy did ?
So when you pledge liquid bees you are not at risk by broker's default?
Do u know when a broker pledge your shares and give you margin money against your shares or mutual funds ..where do they get funds ..I mean who exactly they give your shares to ? do they give to NBFC or NSCCL or they just use their own money? And lets say they give to NBFC ....what is their incentive in this? do they get any interest or kickback from NBFC?