SEBI approved the appointment of NPCI’s Praveena Rai as MD & CEO of MCX

The Securities and Exchange Board of India (SEBI), the capital market regulator, has approved the appointment of Praveena Rai as Managing Director (MD) and Chief Executive Officer (CEO) of Multi Commodity Exchange of India Limited (MCX).

The post has been vacant since PS Reddy stepped down on May 9. Rai is currently the Chief Operating Officer (COO) of the National Payments Council of India (NPCI). She is an experienced banker with over 25 years of expertise in various areas of banking, including transaction banking, retail banking, cards, wholesale, and commercial banking, having worked with Kotak Mahindra Bank, HSBC, and Citi.