Rebuilding trust in NSE

Limaye said he would look at opportunities to expand NSE's business footprint through new products

In a span of 10 days, Vikram Limaye, managing director and CEO of IDFC, got two high-profile appointments. On Wednesday, the National Stock Exchange named him its next managing director and CEO after the sudden departure of Chitra Ramkrishna two months ago.

NSE has been facing regulatory heat after accusations surfaced that the exchange gave preferential treatment to certain brokerages on the matter of co-location of servers in order to facilitate high-speed trading.

Limaye was selected by a four-member panel set up to look for the next MD that included Anand Mahindra and former RBI deputy governor Usha Thorat as external members.