National Stock Exchange CEO Chitra Ramkrishna Steps Down To Quit

4 min read
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National Stock Exchange Chief Executive Officer Chitra Ramkrishna called it quit when she offered the board of directors her resignation from her post. However, the decision is yet to be finalised, but according to the sources, she resigned due to series of exchange over differences with the board. As of now, very less is known regarding the stepping down of NSE CEO Chitra Ramkrishna.

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CNBC-TV18 reportedly stated that close sources of Chitra Ramkrishna and an insider of National Stock Exchange confirmed the news as the CEO quitting from the post mainly because of unsettled solutions over the differences in the board. Her decision to move ahead came as big shock to the higher designate authorities across the nation as well as a mark of resigning of those people who actually stayed as a part of nation-building.

As per the preliminary information gathered from Reuters, the only cause of Chitra Ramkrishna quitting from her post of CEO in NSE, is the differences occurring on the board as she has been an integral part of building the National Stock Exchange. She first chaired India’s biggest bourse in April 2013 as Managing Director and CEO wherein she prior to it stayed Deputy Managing Director from 2009 to 2013.

Before quittingfrom the post, Chitra Ramkrishna has been insisting on maintaining neutral circumstances where investors, as well as listing holders, benefitted. In fact, from an interview once given to IIFL, she emphasised that “NSE’s commitment is to improve thefinancial well-being of the people”.

At present, speculations are hovering as Chitra Ramkrishna started having issues from the investors and listed firms chairpersons. It also relates to the listing NSE had looked upon ahead time along with the return base the listed companies accepted. Further, the holders received an unsatisfactory listing in NSE to which differences started erupting amongst all against the CEO. As of now, Senior Executive J Ravichandran will act as the interim chairman of NSE.

There have been series of events earlier where the top most designated bodies have called it quits such as Flipkart’s CFO resigned followed by the re-election of Ratan Tata after Cyrus Mistry was pulled down from the post.

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