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Sources in the directorate confirmed the arrest had taken place earlier today of the former managing director and chief executive officer of India's largest stock exchange, a position he held from 1994 to 2013.
An ED official said that there was need to arrest Ravi Narain so that he could be interrogated in the money laundering case.
BSE MD and CEO Ashishkumar Chauhan thanked SEBI for providing the bourse the approval to operate as KYC KRA and said that it has become a key segment for securities market investors and also acts as a starting point for any investor’s journey.
SEBI has given stock exchanges the option to switch from the current T+2 settlement cycle to T+1 from January 1, 2022.
HDFC Securities said it is halting trading in the NSE cash segment and resumed the same in 15, saying trading in the segment has been restored. NSE said all its systems were working smoothly