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NSE scouts for new MD & CEO; though Limaye is eligible for 5-year extension

Current MD and CEO Vikram Limaye's five-year tenure ends this July, and he is eligible for another five-year term

Vikram Limaye, MD & CEO of NSE, said the GST and the securities transaction tax are hurting investor participation
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Vikram Limaye.

Samie Modak Mumbai
The country’s largest bourse, the National Stock Exchange (NSE), has invited applications for the post of managing director and chief executive officer (MD and CEO).

Current MD and CEO Vikram Limaye’s five-year tenure ends this July, and he is eligible for another five-year term. However, he will have to go through the appointment process anew. Consultancy firm Korn Ferry has been hired to oversee the process.

In 2017, the Securities and Exchange Board of India (Sebi) revamped the rules pertaining to hiring of key personnel at market infrastructure institutions (MIIs) in the wake of the scandal at NSE.