Chitra Ramkrishna

Chitra Ramkrishna (born 1963) is an Indian businesswoman and the former CEO of the National Stock Exchange (NSE). In March 2022, she was arrested by the Central Bureau of Investigation (CBI) for her involvement in the co-location scam.[2]

Chitra Ramkrishna
Born1963 (age 59–60)
NationalityIndian
Education
OccupationFormer MD & CEO of NSE[1]
PredecessorRavi Narain

Career

In 1985, she started as a chartered accountant, at the project finance division of the Industrial Development Bank of India (IDBI). Ramkrishna then spend two years at the Securities and Exchange Board of India (SEBI), after which she returned to IDBI. In April 2013, she succeeded Ravi Narain and became the managing director and CEO of NSE.[3]

Cases

Co-location case

In 2016, she was found guilty in a co-location case,[4] and was asked by SEBI to disgorge 25 percent of the salary drawn for FY 2013-14, to the IPEF. She was also, prohibited from associating with a listed company or a market Infrastructure Institution or any other market intermediary for a period of five years.[5]

'Himalayan Yogi' case

In February 2022, the Securities and Exchange Board of India (SEBI) said that for the past 20 years, she had been allowing an unidentified 'Himalayan yogi' to advise her on important decisions.[6] The case was investigated by the CBI. She leaked key business information pertaining to day to day operations.[4][7] She was arrested by the CBI on 7th March 2022.[2]

See also

References
  1. "Subramanian Anand resigned from NSE". MoneyLife.
  2. "Former NSE Chief Chitra Ramkrishna Arrested by CBI in NSE Co-location Scam". Moneylife NEWS & VIEWS. Retrieved 8 May 2022.
  3. Special Correspondent (26 November 2012). "Business / Companies : Chitra Ramkrishna to be new CEO, MD of NSE". The Hindu. Retrieved 15 February 2013.
  4. "Chitra Ramkrishna, the NSE CEO who let a faceless conman 'yogi' make all key decisions". 12 February 2022.
  5. "Co-location case: SEBI bars NSE from securities market for 6 months; directs exchange to 'disgorge' Rs 625 cr". moneycontrol.com. 1 May 2019. Retrieved 1 May 2019.
  6. Roy, Abhirup (13 February 2022). "Himalaya yogi ran India's top bourse as puppet master, regulator says". Reuters. Mumbai. Retrieved 14 February 2022.
  7. "Tainted NSE chief Chitra Ramkrishna claims a 'spiritual force' guided her for 20 years".
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