Ashok Chawla has resigned as the chairman of the National Stock Exchange Of India with immediate effect "in light of recent legal developments," the exchange said on Friday.
Mr Chawla, who had been the chairman of the country's biggest stock exchange since 2016, has been charged with corruption by the Central Bureau of Investigation (CBI), according to local media reports.
Mr Chawla did not immediately respond to a request for comment.
He also recently resigned as Yes Bank's non-executive independent chairman.
Get Breaking news, live coverage, and Latest News from India and around the world on NDTV.com. Catch all the Live TV action on NDTV 24x7 and NDTV India. Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.