K.V. Ramana Murty Takes on Role as Whole-Time Member of SEBI
Synopsis
Key Takeaways
Mumbai, March 13 (NationPress) Kompella Venkata Ramana Murty, an officer from the 1991 batch of the Indian Defence Accounts Service and former Additional Controller General of Defence Accounts, has been appointed as a whole-time member of the Securities and Exchange Board of India (SEBI) for a term of three years, as stated in an official announcement by the Department of Economic Affairs.
The Appointments Committee of the Cabinet has sanctioned Murty's appointment for a duration of three years from the date he takes charge or until further notice, according to the announcement.
Previously, Murty served on the SEBI board as a part-time member representing the Ministry of Corporate Affairs.
With Murty's appointment, the total number of whole-time members on the SEBI board now stands at four, following vacancies that arose last year. The other members include Kamlesh Chandra Varshney and Sandip Pradhan, both from the Indian Revenue Service (Income Tax), as well as Amarjeet Singh, who has progressed through the ranks at SEBI.
The SEBI board consists of a chairman, four whole-time members, and four part-time members. Tuhin Kanta Pandey, the current chairman, began his tenure on March 1, 2025.
Whole-time members are crucial in decision-making, investigations, and the execution of policies vital for the advancement of India’s capital markets.
The part-time members of the SEBI Board include Deepti Gaur Mukerjee (Secretary, Ministry of Corporate Affairs), Anuradha Thakur (Secretary, Department of Economic Affairs), Shirish Chandra Murmu (Deputy Governor, Reserve Bank of India), and N. Venkatram.
Earlier this week, the SEBI Chairman remarked that Alternative Investment Funds (AIFs) have become a pivotal component of India’s capital markets, increasingly contributing to financing sectors that bolster the nation’s economic resilience.
“The ongoing geopolitical climate underscores the need for capital to achieve more than just returns. It must aid in building resilience,” Pandey stated, noting that the AIF sector can support critical areas such as renewables, energy storage, logistics, and supply chains essential for enhancing India’s economic strength.
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