 "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")
NSE is India’s largest stock exchange with virtual monopoly in the derivative segment, where billions of contracts get traded. In fact, India’s premier bourse is the world's largest when it comes with highest derivatives contracts getting traded.
Now, imagine a 'Yogi' sitting in the Himalayas having a significant influence on how the exchange is run. The bizarre happening has come to light in the order passed by market regulator Securities and Exchange Board of India (Sebi) against the exchange and its former MD& CEO Chitra Ramkrishna in the matter of governance lapses while appointing Anand Subramanian as its chief operating officer
