 "NSE, markets")
The Securities and Exchange Board of India (Sebi) has imposed a penalty of Rs 50 lakh on the National Stock Exchange (NSE) for compensation paid to former MD and CEO Chitra Ramkrishna.
The exchange had paid Ramkrishna Rs 44 crore for her three-year tenure and a further Rs 23 crore as total remuneration in the last 8 months of her tenure. Sebi got a letter from the finance ministry drawing its attention to the high compensation paid during the last 8 months of the tenure. Ramkrishna had resigned from NSE in December 2016 amid allegation of unfair practises at the exchange’s
