Tag: Vikram Limaye

NSE
Business World

NSE successfully completes World Investor Week 2020

Dec 8, 2020 by Neel Achary 0 Comments #Chairman, #MD & CEO, #National Stock Exchange of India Ltd, #NSE, #SEBI, #Shri Ajay Tyagi, #Vikram Limaye, #World Investor Week 2020

Mumbai: National Stock Exchange of India Ltd (NSE) successfully led the World Investor Week 2020 with an objective to raise awareness about the importance of investor education & protection. Under the aegis of IOSCO and SEBI as the national co-ordinator, 600 investor awareness virtual webinars were conducted by NSE across India with 80% in Tier-II & Tier-III cities.

As a part of this initiative, NSE rang the closing bell on November 23, 2020 to mark the occasion of the World Investor Week 2020 in the presence of Shri G P Garg, Executive Director, SEBI. A new unique initiative for this year was “Be Your Own Laxmi”, which focused on young women earners and women entrepreneurs where more than 5200 women participated in various programs during the week. A National level investor knowledge quest was also organised jointly with NSDL wherein approximately 50,000 registrations were received. The investor awareness campaigns were also amplified on NSE’s social media platforms which witnessed a reach of more than 10 lacs participants. Further, the number of registrations on the digital platform for Investor Education in association with IIM Bangalore reached near one lacs participants by the end of WIW 2020.

In his message to all market participants, Shri Ajay Tyagi, Chairman, SEBI said, “One of the main objectives of SEBI is to protect the interest of investors in securities. There is a need for new investors to make informed investment decisions. Thus, investor awareness and education play an important role in educating investors.”

Vikram Limaye, MD & CEO, NSE said on the inaugural ceremony of WIW 2020 conducted by ANMI: “SEBI always believes that an educated investor is a protected investor and we at NSE have always been encouraging investor education through our campaign “Soch kar, Samajh Kar, Invest Kar”. NSE has consistently focused on what is in the best interest of the Indian economy, markets and investors and in improving the financial well being of people.”

Ravi Varanasi, Chief Business Development Officer, NSE said: “Investor education program is an initiative by NSE to strengthen its engagement with communities across the country. The objective is to equip existing and potential investors with the knowledge and understanding of the financial markets and guide them in effective financial planning.”

NSE has been participating and celebrating World Investor Week (WIW) under aegis of IOSCO and SEBI since its inception in 2017. In this financial year, NSE has conducted more than 3000 investor awareness programs covering more than 98% districts of India.

NSe
Business World

NSE and SGX progress on NSE IFSC-SGX Connect

Sep 22, 2020 by Gouri Achary 0 Comments #Loh Boon Chye, #National Stock Exchange (NSE), #Shri Injeti Srinivas, #Singapore Exchange (SGX), #Vikram Limaye

Mumbai and Singapore, September 22, 2020: National Stock Exchange (NSE) and Singapore Exchange (SGX) have entered into a formal agreement to cement the key terms for operationalising the NSE IFSC-SGX Connect which will bring together international and Gujarat International Finance Tec-City (GIFT) participants to create a bigger liquidity pool for Nifty products in GIFT City. Both NSE and SGX will also withdraw the arbitration proceedings.

The two exchanges have recently received further regulatory clarifications from the relevant authorities on the implementation of the Connect, since receiving consent from their respective statutory regulators on the proposed Connect model last year. Both parties will continue to work with key stakeholders to develop the infrastructure for the Connect and ensure member readiness prior to its implementation.

Loh Boon Chye, Chief Executive Officer of SGX, said, “Building connectivity across international platforms in Singapore and India will facilitate unfettered access for global market participants, and in turn enhance investments and capital market flows between India and the world. As Asia’s pioneering central counterparty, SGX will work with NSE and stakeholders to develop a connectivity infrastructure that incorporates international best practices and creates new value for existing and new customers. We deeply appreciate the continued support provided by the government and regulatory authorities in India and Singapore. We look forward to broadening participation and deepening liquidity in Nifty products for international participants, as part of the growth of GIFT City.”

Vikram Limaye, Managing Director and Chief Executive Officer of NSE said, “This Connect is one of the key developments for the integration of GIFT City ecosystem with the international financial markets. It would lead to the development of vibrant and liquid markets for India access products at GIFT City with the ease of access to international investors. Our collaboration with SGX is an important step towards fulfilling the vision of Atmanirbhar Bharat as envisaged by our Honourable Prime Minister of India with GIFT IFSC playing a much larger role in the global financial markets. The connect will broaden the international and domestic participant base and further strengthen the capital market ecosystem in GIFT city resulting in more broad-based development across asset classes and capital raising activity. I wish to thank the Government of India, SEBI, IFSC Regulatory Authority, GIFT City administrative authorities and the government and regulatory authorities in Singapore for their guidance and support.”

Shri Injeti Srinivas, Chairman, International Financial Services Centres Authority, ( IFSC Authority) said, “The NSE-SGX Connect for funnelling trading in NIFTY Products at SGX to GIFT IFSC is an important joint financial market initiative by India and Singapore. This will certainly give a boost to the IFSC Eco System and promote larger participation in IFSC. The connect creates a win-win situation for both sides, which makes it possible to have a sustainable and growing partnership between NSE IFSC and SGX”