Follow Us:
Monday, July 04, 2022

Ajay Tyagi takes charge as Sebi chairman

He has taken over from U K Sinha, who completed his six-year tenure on February 28.

By: ENS Economic Bureau | Mumbai |
Updated: June 18, 2020 2:53:18 pm
Ajay Tyagi, SEBI, SEBI chairman, new SEBI chairman, securities exchange board of india, UK Sinha, UK Singa SEBI, Ajay Tyagi SEBI, business news, economy news Newly appointed Chairman of the Securities and Exchange Board of India, Ajay Tyagi, with outgoing Chairman UK Sinha at the Sebi headquarters in Mumbai. Express photo.

Senior IAS officer Ajay Tyagi on Wednesday took charge as the chairman of the Securities and Exchange Board of India. Tyagi, a 1984-batch IAS officer of Himachal Pradesh Cadre, has held several responsible positions in the Central and state governments before taking charge as the ninth chairman of the Sebi. He has taken over from U K Sinha, who completed his six-year tenure on February 28.

Sinha was the second-longest serving Sebi chief after D R Mehta’s seven-year term from 1995 to 2002. Sinha’s three predecessors — C B Bhave, M Damodaran and G N Bajpai — had tenures of three years each. Sebi, besides regulating stock exchanges, also supervises various kinds of market entities including brokers, mutual funds, FIIs, rating agencies and investment bankers, as also thousands of listed companies.

According to an analyst, developing the country’s commodity and corporate bond markets and shoring up corporate governance should be Tyagi’s priorities. Tyagi has already been closely involved with the capital market as additional secretary in the Department of Economic Affairs, the Ministry of Finance, since 2014. “He is familiar with the systems in the government,” said a market observer.

Subscriber Only Stories
Skin Allergies In Children – What parents need to know?Premium
What makes KuCoin P2P Trading Platform a Good Choice To Buy Crypto?Premium
Airtel Demonstrates Immersive Video Entertainment On 5G; Recreates Kapil ...Premium
Is It A Good Idea To Keep One Account For All Your Financial Transactions?Premium

📣 Join our Telegram channel ( The Indian Express ) for the latest news and updates

For all the latest Business News, download Indian Express App.

  • Newsguard
  • The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards.
  • Newsguard
Latest Comment
Post Comment
Read Comments