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Financial Institutions and Services
Notes 5.3.2 Regional or Local Stock Exchange
There are 23 stock exchanges in India. Among them two are national level stock exchanges
namely Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE). The rest 21
are Regional or Local Stock Exchanges (RSE).
List of Regional Stock Exchanges in India
1. Ahmedabad Stock Exchange
2. Bangalore Stock Exchange
3. Bhubaneshwar Stock Exchange
4. Calcutta Stock Exchange
5. Cochin Stock Exchange
6. Coimbatore Stock Exchange
7. Delhi Stock Exchange
8. Guwahati Stock Exchange
9. Hyderabad Stock Exchange
10. Jaipur Stock Exchange
11. Ludhiana Stock Exchange
12. Madhya Pradesh Stock Exchange
13. Madras Stock Exchange
14. Magadh Stock Exchange
15. Mangalore Stock Exchange
16. Meerut Stock Exchange
17. OTC Exchange of India
18. Pune Stock Exchange
19. Saurashtra Kutch Stock Exchange
20. Uttar Pradesh Stock Exchange
21. Vadodara Stock Exchange.
The Regional Stock Exchanges started clustering from the year 1894, when the first RSE, the
Ahmedabad Stock Exchange (ASE) was established. In the year 1908, the second in the series,
Calcutta Stock Exchange (CSE) came into existence.
During the early sixties, there were only few recognized RSEs in India namely Calcutta, Madras,
Ahmedabad, Delhi, Hyderabad and Indore. The number remained unchanged for the next two
decades. 1980s was the turning point and many RSEs was incorporated. The latest is Coimbatore
Stock Exchange and Meerut Stock Exchange.
A new share trading platform called the BSEIndonext, inaugurated recently, might at best provide
a lifeline to regional stock exchanges. These have been fast losing business to the two principal
stock exchanges, the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
A more optimistic inference seems premature if recent stock exchange history is anything to go
by. Until the mid-1990s the regional stock exchanges were significant players in the Indian
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