Dr R H Patil. Chairman, CCIL receiving the Skoch Challenger Award for Lifetime Achievement from Mr. Montek Singh Ahluwalia. Deputy Chairman, Planning Commission
Dr Patil has been instrumental in changing the face of the Indian stock markets. Apart from helping to set up the National Stock Exchange that handles more than 10,000 crores a day at transaction costs that are a tenth of what they were a decade back. He helped set up National Securities Depository Limited (NSDL), introducing paperless trading and killing the problem of fake share certificates. Dr Patil also set up the Clearing Corporation of India that handles forex trading that has already brought the costs down by half.