A file photo of Chitra Ramkrishna, who was appointed as NSE head in April 2013. However, the management was not keen to list on a rival exchange, as stipulated under the Securities and Exchange Board of India (Sebi) regulations. The NSE board has constituted a search committee as prescribed under the Securities Exchange and Clearing Corporation regulations. “The NSE board would adhere to Sebi guidelines on hiring the new chief of NSE. The NSE team was mandated to develop technology to move from open-outcry trading to electronic, untested in India at the time.

Source: Mint December 02, 2016 12:00 UTC