Government Designate SBI Managing Director Ashwini Bhatia as SEBI Whole Time Member

Government Designate SBI Managing Director Ashwini Bhatia as SEBI Whole Time Member The Government has named Ashwani Bhatia, managing director of State Bank of India (SBI), as a whole-time member (WTM) of the Securities and Exchange Board of India (SEBI). According to sources, the Appointments Committee of the Cabinet (ACC) has approved Bhatia's nomination as a member for a period of three years from the date of assumption of command. According to sources, with Bhatia's appointment as WTM, SEBI now only needs to fill one WTM position. In August 2020, Bhatia, who is set to retire in May this year, was promoted to managing director of SBI. He was the managing director and chief executive officer of SBI Mutual Fund prior to then. He began his employment with SBI as a probationary officer in 1985. He has worn various hats over his 33-year employment at SBI. He has led the charge in overhauling SBI's entire credit structure and processes. Madhabi Puri Buch, the first woman to lead the capital market regulator, was named chairperson of Sebi by the government last month. She took over from Ajay Tyagi, whose five-year term ended on February 28.