December 14, 2013

Press Release No. 1

NSE celebrates 20 year journey; FM and Chairman, SEBI, applaud NSE's role in growing financial markets

Mumbai, December 14: The National Stock Exchange of India, the country’s premier bourse that introduced electronic trading in India two decades ago, and brought a paradigm shift in the way trading and settlements were done, celebrated 20 years of excellence and innovation at a ceremony attended by the Finance minister, SEBI chairman, senior Industry leaders, senior officials from leading banks, dignitaries from the regulators and market participants.

The Finance Minister said NSE has set high standards on governance, trading, clearing and settlement.

He said ‘‘The standards set by NSE is a benchmark not only to other exchanges but also to the whole capital markets.’’ 

 The SEBI Chairman also congratulated NSE on its 20th anniversary and said NSE is an institution that has made India proud globally.

“NSE is a symbol of confident India, ready to take up all the challenges that emerging global economies are going to pose to us.’’ 

Reminiscing the 20 year journey of NSE, Vice Chairman Mr Ravi Narain said’’ our chosen strategy was high standards of governance, transparency and innovation through technology. We brought a new business model and governance model, enthusiasm and the ability to take risks, but above all, with a sense of purpose. “He said there were a lot of challenges but the journey was made easier because of the mentoring of Dr R H Patil and Mr Suresh Nadkarni."

NSE MD and CEO, Ms Chitra Ramkrishna said,"If NSE has claimed its space among the top few exchanges in the world, a lot of that credit will go to the reform process, visionaries in the industry, SEBI and other regulatory bodies, stakeholders, market participants many of whom are present today, and the list is long".

NSE Chairman, Mr S B Mathur proposed the vote of thanks. A lively panel discussion was held after the speeches, in which the Finance Minister and Mr Bill Emmott, former editor in chief of The Economist participated and the session was chaired by Mr Andy Mukherjee, Breaking views columnist from Reuters.