IDFC MD Vikram Limaye the new CEO, MD of NSE

The Supreme Court had recently appointed him in the panel of BCCI administrators

Leading stock exchange National Stock Exchange on Friday selected IDFC chief Vikram Limaye as its new CEO and Managing Director, two months after the sudden exit of Chitra Ramkrishna from the top post.

Sources said NSE's board approved Limaye's name for the top position but a formal announcement would be made later as some formalities need to be completed from his side.

The approval of the board, chaired by Ashok Chawla, comes after a four-member search panel suggested Limaye's name from amongst the shortlisted candidates.

The appointment would also need capital market regulator Sebi' approval.

Incidentally,