Vikrant Shekhawat : Feb 28, 2022, 05:48 PM
A big news related to market regulator SEBI is coming out. A report said that before the IPO of the country's largest insurance company LIC, major changes are taking place in SEBI. Under this, for the first time its responsibility is being given to a woman. Yes, Madhabi Puri has been appointed as the new chairman of SEBI, who will replace Ajay Tyagi.Madhabi was a whole time member of SEBIIt is worth noting that Ajay Tyagi, a 1984 batch IAS officer of Himachal cadre, was made the chairman of SEBI on March 1, 2017 for three years and thereafter his tenure was extended. This big news has come to the fore only during the end of his term on Monday, quoting sources. Let us inform that Madhabi Puri has also been a whole-time member of SEBI from April 2017 to October 2018. According to the report, Puri has been made the chairman of SEBI for the next three years.Provided services in many big institutionsMadhabi Puri Buch, who holds an MBA degree from IIM, started her career with ICICI Bank. She served as the Managing Director and Chief Executive Officer at ICICI Securities from February 2009 to May 2011. Thereafter he also served as Executive Director on the Board of ICICI Bank Ltd. Prior to joining SEBI, he worked as an advisor to the New Development Bank in Shanghai, China. In addition, she has headed the Singapore office of private equity firm Greater Pacific Capital.Applications were sought in OctoberIt is worth noting that in October last year, the Finance Ministry had invited applications for the post of Chairman of SEBI. The last date of application was fixed as 6 December 2021. As per the process of appointment of regulators, applicants are shortlisted by the Financial Sector Regulatory Appointments Search Committee, which is headed by the Finance Secretary. According to the report, many names including IFSCA Chairman Injeti Srinivas and former Finance Secretary Debashish Panda were in the race for the post of SEBI chairman. were also in the race.