Mumbai, March 1 -- Tuhin Kanta Pandey took over as the 11th chairperson of the Securities and Exchange Board of India (Sebi) on Saturday afternoon, marking a significant transition at the helm of the market regulator.

Pandey's appointment comes when the Indian capital markets face significant challenges, with foreign institutional investors (FII) withdrawing over Rs.1 trillion since the beginning of 2025.

Pandey, an Indian Administrative Service (IAS) officer from the Odisha cadre, was appointed Sebi chairperson on 27 February, succeeding Madhabi Puri Buch, whose tenure ended on 28 February.

Pandey's appointment is set for an initial period of three years.

Speaking to the press after assuming charge, Pandey expressed his confidence in...