Memorandum of Understanding was signed between National Institute of Securities Markets (NISM) and the Regional Training Institute (RTI), Mumbai, functioning under the Indian Audit and Accounts Department, Government of India, on January 11, 2019, at Mumbai.

Dr.M.Thenmozhi, Director, NISM and Ms.Alka Rehani Bhardwaj, Director General, RTI, Mumbai, inked the MoU, which provides for extensive collaboration between both the institutions in the area of securities market research, education and trainin

The event was attended by Shri M Krishnamoorthy, In-Charge, School for Corporate Governance of NISM, Mahadevan P, Senior Audit Officer and other officials of RTI, Mumbai.

NISM being one of the leading securities market institutions, with its state-of the-art infrastructural facilities in its Pathalganga Campus would play a vital role in training of Audit Officers of CAG through RTI, Mumbai. This will go a long way in capacity building as well as enhancing the understanding of securities market operations by Audit Officers.

RTI,Mumbai and its parent – Indian Audit and Accounts Department, in the capacity as the auditor of Public Sector Enterprises (PSEs), is a repository of financial information pertaining to PSEs. NISM with its professional research team has developed a niche in policy related research in financial markets and innovative financial instruments. To take benefit out of the mutual strengths, both NISM and RTI, Mumbai, agreed to conduct joint research. The focus of the research is to study and identify areas where policy intervention would be required by the relevant authorities and also to help investors to get a clear understanding of the functioning of PSEs from a corporate governance perspective.