WHY IN THE NEWS?

• Padmaja Chunduru has been appointed as the managing director and chief executive officer (MD & CEO) of National Securities Depositories (NSDL). She has replaced GV Nageswara Rao as the MD & CEO of NSDL.
• In India, there are two depositories namely National Securities Depositories Ltd (NSDL) and Central Securities Depositories Ltd (CDSL). Both the depositories hold our financial securities. Padmaja Chunduru is a Post Graduate in Commerce from Andhra University. She has around 37 years of experience in the banking domain.