NSE To Appoint Srinivas Injeti As 5th Dynamic Chairman

Summary

The National Stock Exchange (NSE) to appoint Srinivas Injeti as chairman marks a pivotal development in India’s financial market ecosystem. This move, pending approval from the Securities and Exchange Board of India (Sebi), is expected to bring renewed stability and strategic direction to the exchange. With the chairman’s position vacant since July 2024, the appointment of an experienced leader like Injeti signals a positive shift for investors, businesses, and the overall capital market.

A Long-Awaited Appointment

The NSE, India’s largest stock exchange, has been without a chairman for more than a year after the tenure of Girish Chandra Chaturvedi ended in July 2024. As per Sebi’s regulations, the chairperson must be elected by the governing board from its public interest directors, subject to Sebi’s prior approval. Srinivas Injeti, who was recently appointed as a public interest director on 3 September, now emerges as the top choice for the post.

Who is Srinivas Injeti?

Srinivas Injeti is a retired 1983-batch IAS officer with decades of experience in corporate regulation, insolvency law, financial markets, and competition law. His career highlights include:

Serving as Secretary to the Government of India in key financial regulatory roles.
Founding Chairperson of the International Financial Services Centres Authority (IFSCA), the regulatory body for GIFT City, from July 2020 to July 2023.
Spearheading policy reforms and enhancing India’s global financial credibility during his tenure.

This strong background makes Injeti uniquely positioned to guide the NSE at a time when the exchange faces both growth opportunities and regulatory challenges.

Why This Appointment Matters for National Stock Exchange

The appointment of Injeti comes at a critical time for the NSE. The exchange reported a 10% year-on-year increase in consolidated profit after tax, reaching ₹2,924 crore in the April–June quarter (Q1 FY26). However, its consolidated revenue from operations fell by 17% YoY to ₹4,032 crore, largely due to a 14% drop in transaction charges, which remain the biggest contributor.

Despite these short-term fluctuations, the exchange continues to play a dominant role in India’s financial landscape:

Capital raised through debt issuances: ₹4.2 trillion in Q1 FY26.
Capital raised through equity issuances: ₹1 trillion in the same period.
Equity IPO fundraising: ₹20,000 crore in Q1 FY26.

In terms of market share, the NSE retained its leadership position:

Cash market share stood at 93.8%, down by just 80 basis points from the previous quarter.
Equity options share declined slightly by 2.6%, reflecting intense competition.
Equity futures remained unmatched, holding a 99.8% market share.

These numbers highlight the exchange’s resilience, and the new chairman’s leadership is expected to strengthen NSE’s dominance further.

What Investors Can Expect from Srinivas Injeti’s Leadership

With Injeti’s proven track record in financial governance, stakeholders can anticipate:

Improved regulatory alignment – Ensuring NSE continues to meet evolving compliance and transparency standards.
Strategic innovation – Fostering technological advancements and product innovation in trading platforms.
Global integration – Leveraging his IFSCA experience to align NSE with international financial centers and attract global investors.
Market stability – Driving reforms that enhance investor confidence in both institutional and retail markets.

National Stock Exchange: Conclusion

The announcement that the NSE to appoint Srinivas Injeti as chairman is more than just a leadership update—it is a strong signal of transformative leadership, financial resilience, and market innovation. With his vast experience in regulation and policy, Injeti is set to guide the NSE through new challenges and opportunities, further cementing its role as the backbone of India’s capital markets.

For investors, businesses, and policymakers, this leadership change is a promising step toward sustainable growth and global competitiveness.

Note: All information and images used in this content are sourced from Google. They are used here for informational and illustrative purposes only.

Frequently Asked Questions (FAQ) on National Stock Exchange Appointing Srinivas Injeti as Chairman

1. Who is set to become the new chairman of the NSE?

The National Stock Exchange (NSE) plans to appoint Srinivas Injeti as its new chairman, pending approval from the Securities and Exchange Board of India (Sebi).

2. Why has the NSE chairman’s post been vacant?

The post has been vacant since July 2024, when the term of the previous chairman, Girish Chandra Chaturvedi, came to an end.

3. What is Srinivas Injeti’s professional background?

Srinivas Injeti is a retired 1983-batch IAS officer. He has extensive experience in financial regulation, corporate law, insolvency law, and competition law. He also served as the founding chairperson of the International Financial Services Centres Authority (IFSCA) from July 2020 to July 2023.

4. When was Srinivas Injeti appointed as a public interest director at NSE?

He was appointed as a public interest director on 3 September 2025, shortly before being considered for the chairman’s role.

5. How is the chairman of NSE elected?

As per regulations, the chairperson of the stock exchange is elected by the governing board of members from the public interest directors, and the appointment requires Sebi’s prior approval.

6. What are NSE’s latest financial highlights?

Profit After Tax (PAT): ₹2,924 crore in Q1 FY26, up 10% year-on-year.
Revenue from Operations: ₹4,032 crore in Q1 FY26, down 17% year-on-year.
Transaction Charges: ₹3,150 crore in Q1 FY26, a 14% YoY decline.

7. How much capital was raised through NSE in Q1 FY26?

Debt issuances: ₹4.2 trillion.
Equity issuances: ₹1 trillion.
IPO fundraising: ₹20,000 crore.

Cash market share: 93.8% (down 80 basis points compared to the previous quarter).
Equity options share: Down by 2.6% compared to the previous quarter.
Equity futures share: Stable at 99.8%.

9. Why is Srinivas Injeti’s appointment important for NSE?

His appointment is crucial because he brings decades of regulatory expertise, leadership in financial governance, and international experience through IFSCA, which will help NSE navigate challenges and strengthen its market leadership.