Chitra Ramkrishna: Portrait of a stunning fall10 min read . Updated: 18 Feb 2022, 12:42 AM IST
- The spectacular rise and precipitous fall of Chitra Ramkrishna
- The details that have emerged so far have only given rise to more questions—was Ramkrishna a gullible person who got manipulated? Or did she actually hatch a money-making scheme?
MUMBAI : Soon after she took over as the managing director and chief executive of the National Stock Exchange of India Limited (NSE) in April 2013, Chitra Ramkrishna, always dressed immaculately in Kanjivaram sarees, met brokers several times in Delhi and Mumbai. In the hub-and-spokes architecture of modern markets, exchanges are the hubs, or clearing houses of trades, and brokerages are the spokes where trades and orders originate. For an exchange to be successful, it needs to understand the pulse and needs of brokerages.
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