The National Stock Exchange of India Limited (NSE) is the principal stock exchange of India, positioned in Mumbai. NSE was established in 1992 as the first demutualized electronic exchange in the country. NSE was the first exchange in the country to provide an up to date, fully automated screen-based electronic trading organism which offered simple trading facility to the shareholders spread across the length and breadth of the nation.
NSE has a market capitalization of more than US$1.65 trillion, making it the world’s 12th-largest stock exchange as of 23rd January 2015.
NSE was set up by a cluster of leading Indian financial institutions at the behest of the Government of India to bring lucidity to the Indian capital market. Based on the suggestions laid out by the government committee, NSE has been recognized with a branched out shareholding encompassing domestic and global investors.
NSE in alliance with Gujrat Universities
The NSE has signed a MOU with Ganpat University, Gujarat for presenting degree level programs to meet the prerequisite of experienced professionals in the financial sector in the region. An determined financial tech city Gujarat International Finance Tec-City or GIFT is under execution in the state capital Gandhinagar.
According to the MoU, the programs which will be offered initially, are for Graduate and Post-Graduate levels. NSE and the Ganpat University have strategies to set up other programs like PGDM, Skill Development Programs, Certificate in Financial Literacy etc, among other programs. Earlier this month, NSE has signed a parallel MOU with Navrachna University for NSE certified capital markets specialized course.
NSE has also come into a consensus with the Gujarat government for school level basic financial education program as well.
The first bunch is expected to initiate in the current fiscal. Both the BBA (Capital Markets) and the MBA (Capital Markets) courses will be of duration of 2 years. The agreement was signed this week between the two institutes in the university campus.
According to Chitra Ramkrishna, MD & CEO, NSE, “Professional education is the key to guiding the country’s growth. In a state like Gujarat, which is going to have an international IFC, demand for professionals will remain. Such initiatives always help to ensure financial literacy.”It can be referred to that NSE has signed an MOU with the GIFT authorities a few months back to set up an International exchange in the SEZ area of the IFC. As per preliminary estimation, GIFT IFC may appoint few thousand people once operational.
According to the agreement with the university, NSE will provide program bits and pieces including academics, conduct faculty training, hands on training sessions, and assist in conducting exams etc., while the degree will be issued by the Ganpat University, added a press statement.