SS Mundra appointed new chairman of BSE

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Approval has been given for the appointment of SS Mundra as the new Chairman of BSE Limited. Mundra was earlier Public Interest Director in BSE.

• SS Mundra will replace the current chairman of BSE, Justice Vikramjit Sen.

• SS Mundra

• On 30 July 2017, Mundra retired as a deputy of the Reserve Bank of India after a tenure of three years.

• He has a banking career spanning over four decades and has held several important positions. These include -

• Union Bank of India - Executive Director

• Bank of Baroda - Chief Executive (European Operations)

• OECD's International Network- Vice President on Financial Education (INFE).

• He has also served on the boards of several companies such as:

• Central Depository Services (India) Limited (CDSL)

• Clearing Corporation of India Limited (CCIL)

• IndiaFirst Life Insurance Company Limited

• India Infrastructure Finance Corporation (UK) Limited

• National Payments Corporation of India Limited, etc.

• About BSE Limited -

• Bombay Stock Exchange (BSE) also known as BSE Limited.

• It is an Indian stock exchange located at Dalal Street, Mumbai.

• This organisation was founded in the year 1875 by Premchand Roychand.

• It is the oldest stock exchange in Asia and the tenth oldest stock exchange in the world.

• In terms of total market capitalization, BSE is the 8th largest stock exchange in the world with a market capitalization of over Rs 276.713 lakh crore.