SEBI may extend NSDL chief Nageswara Rao’s term once again
May 20, 2021
GV Nageswara Rao, MD and CEO of NSDL - Businessline×
Regulator not satisfied with list of candidates
Market regulator SEBI is likely to grant an extension of term to GV Nageswara Rao, the current MD and CEO of NSDL, one of India’s largest share depositories, sources told
Business Line. Rao’s term could be extended for six months to a year, the sources said.
Rao has already served his two terms as per the regulatory norms but SEBI is unsatisfied with the candidates that were recommended by NSDL’s nomination and remuneration committee (NRC), sources said.