Jagdish Capoor, who had joined the BSE in 2003, had been contemplating leaving the bourse due to his present indifferent health after a recent illness

The Bombay Stock Exchange (BSE) on Tuesday said that its non-executive chairman Jagdish Capoor had submitted his resignation on health grounds.

Mr Capoor has resigned as chairman as well as member of the Board of directors of BSE, a press release said. Mr Capoor had been contemplating leaving BSE due to his present indifferent health after a recent illness, the release said.

He acted as chairman of the Board of directors of BSE from August 2005 to September 2007 and again from 25 June 2008 to 2 March 2010.

He served as a member of the BSE Board of directors from 14 January 2003 to 2 March 2010.

Earlier, Mr Capoor was the deputy governor of the Reserve Bank of India. While with RBI, he was the chairman of the Deposit Insurance and Credit Guarantee Corporation and Bharatiya Reserve Bank Note Mudran Ltd. He was also on the Boards of Export-Import Bank of India, National Housing Bank, National Bank for Agriculture and Rural Development and State Bank of India.

Currently, Mr Capoor is chairman of India’s second largest private sector lender, HDFC Bank Ltd.