S Rao will take over as the new public interest director and chairman of BSE

In Banking and Finance
March 9, 2016

S Ramadorai

S Ramadorai has retired from the position of chairman and public interest directorship of BSE. He was appointed as public interest director and chairman of the board on 8 March 2010 and retired on 7 March 2016 after serving BSE for six years.

The Board placed on record its appreciation for the valued direction and able guidance of Ramadorai that led to multi-dimensional and diversified growth of the Exchange. Sudhakar Rao will take over as the new public interest director and chairman of BSE subject to Sebi approval.

About BSE:

Sensex and NIFTY are two such prominent market indices that function within the Indian stock market.
The Sensex is an indicator of all the major companies listed on BSE (Bombay Stock Exchange) which is situated at Bombay.
The Nifty is an indicator of all the major companies listed on NSE (National Stock Exchange) which is situated at Delhi.
These two are the major stock exchanges in the country.
Most of the stock trading in the country is done though the BSE & the NSE.