The National Stock Exchange (NSE) has marked a significant milestone by entering Brand Finance's Top 10 Exchanges ranking for the first time. The Indian exchange secured the ninth position, emerging as the fastest-growing exchange brand globally.

Impressive Brand Value Growth

NSE's brand value witnessed a remarkable 39% increase, reaching $526.00 million. This surge can be attributed to several factors:

• Robust forecasted revenue growth
• Record-breaking IPOs
• Rising derivatives activities
• Strong performance in index-related business

Financial Performance

The exchange's financial results underscore its strong position:

IPO and Fundraising Boom

The NSE played a crucial role in India's thriving IPO market:

• 91 large companies raised Rs 1.60 lakh crore through IPOs
• Overall equity fundraising more than doubled to Rs 3.73 lakh crore

Brand Strength

NSE's brand strength was also recognized in the ranking:

• Ranked as the 7th strongest exchange brand globally
• Brand Strength Index score: 78.1/100
• Brand rating: AA+

Global Exchange Landscape

The Brand Finance ranking also revealed changes in the global exchange brand landscape:

• Nasdaq claimed the title of the world's most valuable exchange brand for the first time

This achievement by NSE reflects the growing prominence of Indian financial markets on the global stage and underscores the exchange's pivotal role in India's economic growth story.

The National Stock Exchange (NSE), India's leading stock exchange, has agreed to pay ₹40.35 crore to settle charges with the Securities and Exchange Board of India (SEBI) regarding the indirect sharing of sensitive, unpublished information with external parties.

Data Sharing Violations

Between February 2021 and March 2022, NSE allowed confidential company announcements to be passed to a third-party vendor and its subsidiary, NSE Data & Analytics, without formal agreements in place. This subsidiary subsequently provided this price-sensitive data to clients before its public release, violating insider trading regulations.

Additional Governance Issues

SEBI's investigation uncovered further governance issues at the NSE, including:

• Unauthorized penalty waivers
• Oversight lapses in client code modifications

Settlement Terms

The settlement reached between NSE and SEBI includes both monetary and non-monetary terms:

Monetary Penalty

• ₹40.35 crore

Non-Monetary Terms

• System audits
• Compliance reporting

NSE has attributed these violations to organizational decisions rather than individual accountability.

Ongoing Regulatory Scrutiny

While this particular case has been resolved, the NSE continues to face scrutiny in other matters:

• Co-location case
• Dark fibre access case

The exchange has filed separate settlement applications for these cases in June, which are currently awaiting regulatory decision.

This settlement highlights the importance of maintaining strict data protection and governance practices in the financial markets. It also underscores SEBI's commitment to ensuring fair and transparent market operations, holding even the largest market players accountable for violations that could potentially compromise market integrity.