Share Market

KOLKATA, India, June 2026 — The proposed revival of the Calcutta Stock Exchange (CSE) has brought renewed attention to one of India’s oldest financial institutions. While the West Bengal government has publicly supported efforts to revive the exchange, the discussion has also raised a fundamental question: why did the Calcutta Stock Exchange stop functioning in the first place? This question is particularly relevant in light of recent events, including the West Bengal re-election.

Official records, court documents, regulatory filings, and exchange disclosures show that the shutdown was not caused by a single event. Instead, it resulted from a combination of regulatory non-compliance, unresolved operational issues, and the long-term consequences of a financial crisis that hit the exchange more than a decade earlier.

The Calcutta Stock Exchange, established in 1908, was once among India’s most important regional stock exchanges. However, by April 2013, trading on its electronic platform had been suspended following action by the Securities and Exchange Board of India (SEBI). The exchange has remained non-operational since then.