BSE CEO Ashish Kumar Chauhan to head NSE for 5 years

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The Securities and Exchange Board of India (SEBI) has approved the appointment of Ashish Kumar Chauhan as the Managing Director and Chief Executive Officer of the National Stock Exchange of India (NSE) for a period of five years.

Important facts

• Chouhan is currently the CEO of BSE and his term ends in November.

• If his appointment is approved by the shareholders, he will be the fourth person to head India's largest stock exchange.

• His name was cleared after Vikram Limaye resigned as MD and CEO of NSE.

Four-member internal panel

• NSE has constituted a four-member internal panel to look after the responsibilities of MD and CEO till the induction of Ashish Kumar Chauhan.the members are-

1. Chief Financial Officer of NSE Yatrik Vin

2. Chief Regulatory Officer Priya Subbaraman

3. Chief Technology and Operations Officer Shiv Kumar Bhasin

4. Chief Enterprise Risk Officer K S Somasundaram

National Stock Exchange of India Limited (NSE)

• It is India's largest financial market.

• It was incorporated in 1992.

• Its headquarters is in Mumbai.

• NSE has developed into a sophisticated, electronic market and it ranked fourth in the world by equity trading volume.

• It was the first exchange in India to provide modern, fully automated electronic trading.

• Nifty 50 is the main index of NSE.