Tuhin Kanta Pandey appointed new SEBI Chairperson for 3-year term, to succeed Madhabi Puri Buch
Finance Secretary, Tuhin Kanta Pandey, has been appointed as the 11th chairperson of the Securities and Exchange Board of India (SEBI) for a three-year term. He will succeed Madhabi Puri Buch, who will complete her tenure as SEBI’s first woman chairperson on February 28, 2025.
According to a notification from the Appointments Committee of the Cabinet (ACC) on Thursday, February 27, the Cabinet has approved the appointment of Pandey, IAS (OR:1987), Finance Secretary and Secretary, Department of Revenue, to the post of SEBI chairman. Pandey's appointment is initially for three years from the day he assumes charge.
Pandey steps into the role as the Indian stock market faces bearish pressure due to persistent withdrawals by foreign institutional investors (FIIs). Foreign portfolio investors (FPIs) have pulled out over Rs 1.13 lakh crore in 2025.
A 1987-batch IAS officer from the Odisha cadre, Pandey has held key positions in the government. He was appointed Finance Secretary in September 2024, succeeding TV Somanathan, who was promoted to Cabinet Secretary. Before that, he headed the Department of Public Enterprises (DPE) and the Department of Investment and Public Asset Management (DIPAM).
He played a pivotal role in major economic decisions, including the historic sale of Air India and the public listing of LIC.
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