Govt appoints Tuhin Kanta Pandey as SEBI Chairman

The government has appointed Finance and Revenue Secretary Tuhin Kanta Pandey as the new Chairman of the Securities and Exchange Board of India (SEBI). The Appointments Committee of the Cabinet approved his appointment on Thursday. He will serve an initial three-year term from the date he takes office or until further directives are issued, whichever comes first.

In an official statement, the Department of Personnel & Training said “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)”.

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Tuhin Kanta Pandey Appointed as SEBI Chairman Amid Market Reforms

Pandey, a 1987-batch IAS officer of the Odisha cadre, is currently serving as the Finance Secretary and Secretary in the Department of Revenue. His appointment comes at a crucial time for SEBI, the regulatory body responsible for overseeing India’s securities and capital markets.

As SEBI Chairman, Pandey will play a key role in strengthening market regulations, ensuring investor protection, and overseeing reforms in the capital markets. His expertise in finance and policy will enhance the regulatory body’s efficiency.

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He succeeds the outgoing Chairman Madhabi Puri Buch, who assumed the office of SEBI on March 2, 2022, with her term set to conclude on February 28, 2025. Buch made history as the first woman to hold the position of SEBI chairperson. During her tenure, the government appointed her for a three-year term.

SEBI, a critical institution responsible for maintaining the integrity and stability of India’s financial markets, has seen significant developments during Buch’s tenure. However, her term has also faced some controversy.

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