NSE Appoints Srinivas Injeti as Chairman of Governing Board

The Indian National Stock Exchange (NSE) has appointed public interest director and retired IAS officer Srinivas Injeti as the Chairman of its Governing Board with SEBI’s approval. A 1983 batch officer, Injeti has more than four decades of experience in regulation, governance, and financial services.

• With SEBI’s approval, the National Stock Exchange has appointed retired IAS officer of the 1983 batch, Odisha cadre, Srinivas Injeti, as the new Chairman of its Governing Board.
• A retired IAS officer of the 1983 batch, Injeti has held leadership positions for more than forty years in areas such as corporate regulation, financial services, and public policy.

Other appointments of Srinivas Injeti

• Between 2017 and 2020, he served as Union Secretary in the Ministry of Corporate Affairs, where he led reforms in insolvency, competition, and company laws.
• During his tenure, the National Financial Reporting Authority (NFRA) and the databank of independent directors were created, along with strengthening corporate governance and CSR frameworks.
• From 2020 to 2023, Injeti was the founding Chairman of India’s first international financial regulator, the International Financial Services Centres Authority (IFSCA).
• Srinivas has more than four decades of experience in corporate and financial regulation, industrial promotion, corporate and insolvency law, competition law, chartered accountancy, cost accountancy, company secretary law, public policy, and international cooperation.
• Earlier, as Union Sports Secretary and Director General of the Sports Authority of India, he conceptualized the Khelo India program and made comprehensive changes to India’s sports administration framework.
• He also worked in the Indian Financial Stability and Development Council between 2017 and 2023.

National Stock Exchange (NSE)

• India’s National Stock Exchange (NSE) was established in 1992 and recognized by the Securities and Exchange Board of India (SEBI) in 1993. It began operations in April 1993 as a wholesale debt market. Later, in 1994, the cash market segment was launched.
• The National Stock Exchange is located in Mumbai and functions as a leading Indian stock exchange. It is India’s second-largest securities exchange company in terms of market capitalization and the most important in terms of daily trading.
• In 2020, in terms of total equity trading volume, NSE was the world’s third-largest exchange after NYSE and NASDAQ.
• In 1995, it launched its fully automated screen-based trading system, making it easier for investors to buy and sell stocks electronically. By 1999, it had successfully replaced manual trading completely and became the first exchange in India to do so.