UTI AMC’s UK Sinha has been selected as SEBI Chairman, reports CNBC-TV18 quoting sources. Sinha will replace CB Bhave, who was not offered extension by the Finance Ministry.
Other significant names that were being considered for the top post in SEBI include R Bandyopadhyay, who is the present secretary in the Ministry of Corporate Affairs and Madhya Pradesh Finance Secretary GP Singhal.
Other names that were being considered for this top post in SEBI was SBI’s OP Bhatt while current RBI deputy governor KC Chakrabarty was also shortlisted. However, Bhatt had ruled himself out of the race.
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