His appointment comes at a time when the exchange is working on limiting the fall-out of the scandal at Karvy Stock Broking
The position was vacant since Ashok Chawla resigned as the chairman of the NSE in January
Sebi has been probing the alleged lapses in high-frequency trading offered through NSE's co-location facility
Ashok Chawla's resignation is effective from November 14, 2018, the company said
Interview with chairman, National Stock Exchange
Chawla has been a civil servant with over 40 years of experience in various sectors of Indian economy