New Delhi, Feb. 28 -- The appointments committee of the Cabinet on Thursday approved the appointment of Finance Secretary Tuhin Kanta Pandey as the new Chairman of the Securities and Exchange Board of India (SEBI). Pandey will assume office for an initial tenure of three years. He replaces current SEBI Chairperson, Madhabi Puri Buch, whose tenure ends on March 1.

"The Appointments Committee of the Cabinet has approved the appointment of Tuhin Kanta Pandey, IAS (OR:1987), Finance Secretary and Secretary, Department of Revenue to the post of Chairman, Securities and Exchange Board of India (SEBI), initially for a period of three years from the date of assumption of charge of the post or until further orders, whichever is earlier," the gove...