The National Stock Exchange (NSE) board has recently selected Vikram Limaye (the Managing Director & CEO of IDFC), as the new MD & CEO of NSE. The approval of the board, chaired by Ashok Chawla, comes after a 4-member search panel suggested Limaye’s name from amongst the shortlisted candidates. Though, the appointment would also need capital market regulator SEBI’s approval. The position was vacant ever since Chitra Ramakrishna quit the exchange on December 2016 due to personal reasons. After that, the NSE board appointed J Ravichandran as in charge till the board appoints a new CEO.