Executives Appointed as Executive Directors at BSE, NSDL, and CDSL

Key facts

• The Securities and Exchange Board of India (SEBI) approved the appointment of Saurabh Shukla as Executive Director (ED) for Critical Operations and Gopalan S. Raghavan as ED for Regulatory, Compliance, Risk Management, and Investor Grievances at BSE Limited (BSE).
• National Securities Depository Limited (NSDL) appointed Subhash Kelkar as ED for Critical Operations and Ankit Sharma as ED for Regulatory, Compliance, Risk Management, and Investor Grievances for a five-year term.
• Central Depository Services India Limited (CDSL) appointed Amit Mahajan as ED for Critical Operations and Nayana Ovalekar as ED for Regulatory, Compliance, Risk Management, and Investor Grievances.
• The National Stock Exchange (NSE) appointed Viral Mody as ED for Critical Operations and Sanjay Shorey as ED for Regulatory Affairs, Compliance, Risk Management, and Investor Grievances.
• Sanjay Shorey, an officer from the Indian Corporate Law Service (ICLS) cadre, previously served as Director General of Corporate Affairs at the Ministry of Corporate Affairs.
• These appointments follow SEBI's proposal to strengthen the governance framework for Market Infrastructure Institutions (MIIs) by requiring two EDs for critical operations and regulatory verticals.