 "Sebi")
The Securities and Exchange Board of India (Sebi) has penalised the National Stock Exchange (NSE), its former CEOs Chitra Ramkrishna and Ravi Narain for governance lapses in hiring of its chief operating officer (COO) Anand Subramanian.
Ramkrishna has been directed to pay Rs 2 crore, while NSE, Narain and Subramanian have to pay Rs 2 crore each within 45 days.
Further, NSE has been barred from launching any new product for six months.
Ramkrishna and Subramanian have also been restrained from associating with any market infrastructure institution or Sebi-registered intermediary in any capacity for a period of three years and
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