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Praveena Rai Appointed as CEO and MD of Multi Commodity Exchange of India Limited (MCX).

Appointment | Dated: 19 Nov 2024

On October 31, 2024, Praveena Rai took charge as the Chief Executive Officer (CEO) and Managing Director (MD) of the Multi Commodity Exchange of India (MCX) for a five-year term. She replaced PS Reddy, who retired in May 2024.

🎯 Key Highlights:

  • - Praveena Rai's appointment was confirmed at the annual general meeting held in September 2024.
  • - Prior to this role, she served as Chief Operating Officer (COO) at the National Payments Corporation of India (NPCI), where she played a key role in formulating business, operational, and technical strategies, significantly shaping the organization's industry impact.

💡 Other Important Facts:

  • (i) She also held the position of banking professional as Regional Head of Payments for Asia Pacific at HSBC Holdings plc. Additionally, she led the cash management portfolio at Kotak Mahindra Bank Limited (KMBL), the largest shareholder in MCX.
  • (ii) MCX is one of India's largest commodity derivatives exchanges.

📚 Test Your Knowledge:

Recently, who has been appointed as the CEO and MD of Multi Commodity Exchange of India Limited (MCX)?

Correct Answer: Praveena Rai

🚀 Quick Recap: