Market regulator Securities and Exchange Board of India (SEBI) has given approval to the appointment of Arun Raste as MD and CEO of National Commodity & Derivatives Exchange Limited (NCDEX) for a period of 5 years.
Raste is currently associated with the National Dairy Development Board (NDDB) as an Executive Director and prior to NDDB, he has worked with organisations like IDFC First Bank, Kotak Mahindra Bank, NABARD, ACC Cement, and a non-profit NGO IRFT.
Important takeaways for all competitive exams:
- NCDEX Founded: 15 December 2003.
- NCDEX Headquarters: Mumbai.
- NCDEX Owner: Government of India (100%).