BANKING AFFAIRS

Detailed explanation-1: -Madhabi Puri Buch took charge of chairman on 1 March 2022, replacing Ajay Tyagi, whose term ended on 28 February 2022. Madhabi Puri Buch is the first woman chairperson of SEBI.

Detailed explanation-2: -An investment banker with impeccable academic pedigree, Buch is known to be a tough taskmaster. ‘Uneasy lies the head that wears the crown’ is an adage that fits well on Madhabi Puri Buch, who will take over the reins of the Securities and Exchange Board of India (SEBI) on Tuesday from outgoing chairman Ajay Tyagi.

Detailed explanation-3: -SEBI | Ms. Madhabi Puri Buch takes charge as Chairperson, SEBI.

Detailed explanation-4: -Mr. Ajay Tyagi, the then Additional Secretary (Investment), Department of Economic Affairs, Ministry of Finance had been appointed as ex-officio member of the Governing Board of the Insolvency and Bankruptcy Board of India (IBBI), as a representative of the Ministry of Finance, Government of India on 1st October, 2016.

Detailed explanation-5: -Before her assignment at SEBI, Buch was a consultant with the New Development Bank in Shanghai. She has also served as the head of the Singapore office of the private equity firm, Greater Pacific Capital; MD and chief executive officer at ICICI Securities Limited; and executive director on the board of ICICI Bank.