Chitra Ramkrishna's fall from grace: 'Queen of bourses' to Rs 3-cr penalty

Ramkrishna was the third woman to head an exchange in the Asia-Pacific region after Sri Lanka's Colombo Stock Exchange and China's Shenzhen Stock Exchange

It’s been quite a fall from grace for a woman who was earlier hailed as the “queen of the bourses” and was among the few women globally to have helmed a stock exchange.

Last week, the Securities and Exchange Board of India (Sebi) slapped a penalty of Rs 3 crore on Chitra Ramkrishna, former boss of the National Stock Exchange of India (NSE) in a fresh order in the co-location case. The 190-page order also faulted Ramkrishna for running the exchange at the behest of a mysterious yogi.

The regulator, however, dropped the allegations of fraudulent and unfair trade practices