Tuhin Kanta Pandey, the current Finance Secretary, has been appointed as the new Chairman of SEBI for a three-year term. He replaces Madhabi Puri Buch in the role. Pandey’s appointment marks a significant leadership change in the regulatory body. His tenure is expected to shape key financial market policies.
Tuhin Kanta Pandey, who is currently serving as the Finance Secretary, has been appointed as the new Chairman of the Securities and Exchange Board of India (SEBI).
His tenure will last for three years, succeeding Madhabi Puri Buch, who was the first woman to lead SEBI and implemented several important reforms in corporate governance, surveillance, and financial regulation.
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A government order announcing his appointment stated,
“The Appointments Committee of the Cabinet has approved the appointment of Shri Tuhin Kanta Pandey, IAS (OR:1987), Finance Secretary and Secretary, Department of Revenue to the post of Chairman, Securities and Exchange Board of India (SEBI), initially for a period of three years from the date of assumption of charge of the post or until further orders, whichever is earlier”
Pandey’s appointment is particularly timely for the market regulator, which is crucial in overseeing and ensuring transparency in India’s financial markets.
His extensive background in finance and policy-making is anticipated to provide valuable insights into SEBI’s operations. As Finance Secretary, he played a pivotal role in driving major financial reforms and overseeing key policy decisions
Madhabi Puri Buch’s term as SEBI Chairperson concludes on March 1, 2025. She took office on March 2, 2022, marking a significant milestone as the first woman to head the regulator.
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Prior to her, Ajay Tyagi served as SEBI Chairman from March 2017 to February 2022, continuing a trend of long-serving leadership within the organization.
Tuhin Kanta Pandey, an IAS officer from the 1987 batch in Odisha, is currently India’s Finance Secretary. He has been chosen as the new chairman of SEBI (Securities and Exchange Board of India) for three years. He will take over after Madhabi Puri Buch, whose term ends on March 1, 2025.
As SEBI chairman, Pandey will manage India’s stock and commodity markets, making sure they run fairly and smoothly. He will also have to handle internal staff issues in SEBI and gain the trust of investors and market participants.
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