Calcutta Stock Exchange's lone battle for survival

Close to 20 RSEs have gone for voluntary exit, including big exchanges of Delhi, Chennai, Bengaluru

The interiors of the nearly 79-year-old structure housing the Calcutta Stock Exchange (CSE) hardly give a feel of a defunct institution. While the centrally air-conditioned corridors reek of newly-polished mahogany, chambers of executives are like any swanky new-age office. Close to a hundred staff still draw regular salary from the CSE.

While all other regional stock exchanges (RSE) have gone for voluntary exit in the face of Securities and Exchange Board of India (Sebi)’s stringent regulations against RSEs, CSE continues to fight a lone battle, which is pending with the court. Close to 20 RSEs have already gone for a