 "Sebi has ordered former CEO of the NSE, Chitra Ramkrishna, and three others to pay back 25% of their salaries for the period involving the scam")
The Securities and Exchange Board of India (Sebi) has imposed a penalty of Rs 50 lakh on the National Stock Exchange (NSE) for the 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 eight months of her tenure. Sebi got a letter from the finance ministry drawing its attention to the high compensation paid during the last eight months of the tenure.
Ramkrishna had resigned from the NSE in December 2016 amid allegation of unfair practices at the
